PE-Nexus Buy-Side Mandate Tool Attracts New Deal, Relationship to Buyer
MIAMI, Jan. 25, 2013 /PRNewswire/ — PE-Nexus, the leading private market network for efficient deal flow exchange between middle-market M&A professionals, today announced that its intelligent deal marketplace facilitated a $4.0 million senior secured debt financing of HomeTown Oxygen by New York City-based Enhanced Capital Partners, Inc. through its SBIC fund, Enhanced Small Business Investment Company, LP (ESBIC). Sell-side representation to HomeTown Oxygen was provided by the Charlotte office of Atlanta, GA-based Summit Acquisitions Group.
The PE-Nexus platform connected the two via its sweeping Buy-Side Mandate functionality, an intuitive communication tool that broadcasts specific acquisition criteria to the entire PE-Nexus ecosystem in seconds.
"We're delighted to learn about another success story brought about by our Buy-Side Mandate tool. To the best of our knowledge, it's still the fastest way to clearly communicate highly-targeted investment criteria to a broad audience of qualified advisory firms, instantly," said Tony Hill, PE-Nexus CEO and Co-Founder. "We're also pleased that it was a debt deal, which showcases our members' growing adoption of PE-Nexus as an avenue for seeking and sourcing debt placement opportunities."
"PE-Nexus has proven instrumental in meeting new intermediaries and finding this specific deal opportunity," said Jonah Glick, Vice President at Enhanced Capital. "Prior to PE-Nexus, we had never met or heard of Summit Acquisitions Group. However, shortly after making our needs known via a Buy-Side Mandate, we were approached by Summit about a specific financing need for their client, HomeTown Oxygen, and within a few months we were able to fund and close the deal," continued Mr. Glick.
"Summit Acquisitions group has been an active member of PE-Nexus for one year. Over that period, we have marketed numerous deals through their platform and found it to be an invaluable supplement to our own internal marketing efforts," said Tom MacPherson, Principal at Summit Acquisitions Group. "Time and again, we are impressed with the speed and quality of interest our sale mandates receive from strategic and financial suitors around the country. PE-Nexus is an indispensable component of our go-to market strategy with new deals."
About PE-Nexus:
Launched in 2010, PE-Nexus is the leading private market network for middle-market M&A professionals. 2,000 investment banks, merchant banks, M&A advisory firms, private equity groups & family offices, and Fortune 1000 corporate M&A departments leverage PE-Nexus' intelligent deal marketplace and deal origination tools to efficiently identify buyers, instantly amplify deal flow, and close more deals, faster.
About Enhanced Capital Partners, Inc.:
ESBIC is a SBIC fund set up for the purpose of providing debt and minority equity financing to U.S.-based lower middle market companies. Enhanced Capital, headquartered in New York City, is a diversified private investment firm focused on established small and mid-sized companies overlooked by traditional sources of capital due to location or size. Since 2000, Enhanced Capital has raised more than $600 million through a variety of state and federal public-private investment programs.
About Summit Acquisitions Group, Inc.:
Summit Acquisitions Group is one of the leading Mergers and Acquisitions firms in the Southeast United States. Headquartered in Atlanta, GA, with an office in Charlotte, NC, Summit has been representing clients in the sale and purchase of privately held businesses valued between $750,000 and $50 million for over 15 years.
For more information on PE-Nexus, please visit www.pe-nexus.com or call 786-837-0866.
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