Seeking 20-50m Lender, 90% recurring revenue and gross retention

searcher profile

July 23, 2024

by a searcher from Harvard University - Harvard Business School in New York, NY, USA

Our business has 4.5m EBITDA, 90% recurring revenue, and 95%+ gross revenue retention. We provide a regulation mandated service to healthcare, pharma, and medical device customers, with the top customer < 4% of total revenue. We've primarily been building through acquisitions, and are looking for a partner to refinance our current facility and fund future acquisitions (clear pipeline to 8m+ EBITDA in next 6 months), with two small acquisitions already under LOI). We also just posted 25%+ organic EBITDA growth.

Our current facility is $20m (4.25x at close), and we're looking to refinance it with an incremental $20m - $30m of debt capital through a DDTL to scale to 10m+ in EBITDA. 

Seeking recommendations / intros to lenders who can get us to 4.5x - 5.0x. Our current lender gives us 4.0x senior leverage with no warrants or coinvest required.

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Reply by an admin
from Massachusetts Institute of Technology in Portland, OR, USA
^redacted‌ might be able to recommend an appropriate lender for you here.
commentor profile
Reply by an admin
from Massachusetts Institute of Technology in Portland, OR, USA
You can also find Lenders on Searchfunder under the Directory here: www.searchfunder.com/user/list/lender The Directory is sorted by most active.
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