What would be some acceptable term sheets you’ve seen lately for an equity raise for a self-funded searcher has a deal under LOI…….

- Essential Services business with $1M EBITDA,
- Price 4X EBITDA ($4M)
- 75% - 85% debt with searcher holding PG + seller note
- Equity Raise ~500k-$1M
- Modest growth in base-case with 25-35% IRR
- Searcher has industry experience