We're seeking a senior lender for a deal we're working on. The business is ~$2m of EBITDA at 5.5x purchase price with 90% recurring revenue, a 95%+ gross revenue retention rate, and 95% FCF conversion. Average customer tenure is 10 years, with strong customer diversification (top customer = 5% of revenue).
We are seeking a senior lender to come in at 3-3.5x. We've gotten a few initial indications but want a lender that is supportive of growing the check over time through future acquisitions. Also, we cannot use SBA as there is some seller rollover.
Please post your email in the comments and we will reach out.
Seeking Senior Lender 3-3.5x debt/ebitda (90% recurring, 5% churn, 95% fcf)
by a searcher from Harvard University - Harvard Business School
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