Our experienced capital markets professionals serve as advisors and agents to our middle market clients. We leverage over 75 years of collective transaction experience to secure cost effective capital solutions for our public and private clients. Our senior bankers have experience providing a comprehensive range of equity and debt capital advisory services including:
- Senior secured and unsecured bank debt
- Subordinated debt
- Mezzanine debt
- Private equity financing
- Public market advisory services
Our typical financings include growth capital, acquisition financing, recapitalizations, and buyouts. Our senior bankers have completed financings ranging from the origination of complex large, structured debt financings, to mezzanine financings, to high-yield financings to small private equity placements. Our senior bankers fully commit themselves to our “client-first” philosophy and the successful completion of each transaction.
Private Capital Raising Process
Collectively, our senior bankers have completed over 100 debt and equity financing transactions for proceeds in excess of $14 billion. We have combined the lessons learned from these experiences and our active network of financing sources into a differentiated process designed to achieve cost effective capital solutions. Our process consistently produces successful transactions, superior transaction terms and conditions, and very satisfied clients.
Key elements of this process include:
- Conducting a preliminary discussion regarding valuation expectations, optimal timing, process strategy and goals
- Performing detailed, up-front due diligence to fully develop an investment thesis while maximizing our ability to position the company most positively in the marketplace and minimizing the likelihood of negative surprises during later investor due diligence
- Preparing an offering memorandum supporting the investment thesis with the requisite facts and data
- Determining the most appropriate group of potential investors, whether financial and/or strategic
- Confidentially marketing the business to potential investors
- Providing objective advice regarding available opportunities
- Negotiating the term sheet
- Facilitating and monitoring investor due diligence
- Assisting in the negotiation of a formal definitive agreement and closing the transaction
Public Capital Market Financial Advisory Services
Our senior bankers have collectively led numerous public capital markets transactions across a wide range of industries as both advisors and as principals. Our bankers maintain high level relationships at many Wall Street firms providing our clients with unique access to the public capital markets. Clients count on Reynolds Advisory Partners to provide advisory services with the highest standards of integrity, independence, objectivity, and financial expertise. To learn more about our public capital market advisory services, see IPO Advisory Services.
Examples of Financing Transactions
| Debt Transactions | ||
|---|---|---|
| Client | Proceeds ($mm) | Transaction Description |
| Albertson's | 250 | Public notes, CP |
| Avnet | 200 | Senior debt |
| Bergen Brunswig Corp | 250 | Senior Notes |
| Carl Karcher Enterprises, Inc. | n.a. | Dutch auction tender offer |
| Dayton Hudson (now Target) | 250 | Public debt |
| Diodes, Inc | 230 | Convertible note offering |
| Fleming Companies Inc | 500 | High yield debt |
| Hudson Respiratory Care Inc | 44 | Recap financing |
| International Lease Finance Corp. | 26 | Note offering |
| International Lease Finance Corp. | 50 | Senior notes |
| International Lease Finance Corp. | 75 | Note offering |
| JC Penney | 250 | Public debt |
| Jet America Airlines | 11 | Convertible notes |
| Laidlaw Industries | 63 | Exchangeable notes |
| Loehmann's (DLJ/Sefinco) | 120 | High yield debt |
| Ralcorp Holdings | 42 | Placement agent in raising acquisition financing |
| Sears Roebuck & Co. | 1,380 | Asset backed securities, MTNs |
| Thomas & Betts | 300 | Senior notes, MTNs |
| U.S. Filter Corp | 140 | Note offering |
| Ultrasystems Inc. | 30 | Convertible notes |
| Walt Disney Co | 275 | Retail debt offering |
| Total Debt | 4,486 | |
| Total Debt Transactions | 21 | |
| Private Equity Transactions | ||
|---|---|---|
| Client | Proceeds ($mm) | Transaction Description |
| American Pacific Corp. | 40 | Private placement |
| Apriso Corp | 16 | Private equity placement |
| BMC Holdings Inc | 10 | Private placement |
| Bristol Farms, Inc | 27 | Private placement |
| Capstone Turbine | 45 | Private placement |
| First American Financial Corp | 65 | Private placement of senior notes |
| Hershey Oil Corp | 20 | Private placement with CIGNA |
| International Lease Finance Corp. | 18 | Private placement |
| Management Solutions Inc | 7 | Private equity placement |
| Mobility Electronics | 15 | PIPE |
| Penford Corporation | 8 | PIPE |
| Southwest Water Company | 12 | PIPE |
| Southwest Water Company | 15 | Private placement |
| Total Private | 298 | |
| Total Private Transactions | 13 | |
| Public Equity Transactions | ||
|---|---|---|
| Client | Proceeds ($mm) | Transaction Description |
| Acorn Products, Inc | 45 | Initial public offering |
| Ahold | 1,795 | ADRs |
| Airlease Ltd | 62 | Initial public offering |
| Allstar Inns L.P. | 73 | Initial public offering |
| America West Airlines | 10 | Public offering |
| America West Airlines | 24 | Public offering |
| America West Airlines | 60 | Public offering |
| America West Airlines | 80 | Public offering |
| American Pacific Corp. | 61 | Public offering |
| Basin Water Inc | 83 | Initial public offering |
| Birtcher Medical Systems Inc | 17 | Initial public offering |
| Broad, Inc | 125 | Public offering |
| Carl Karcher Enterprises, Inc. | n.a. | Underwritten call |
| Catalyst Semiconductor | 28 | Follow on offering |
| Ceradyne, Inc | 36 | Follow on offering |
| Clear Channel Outdoor | 20 | Initial public offering |
| Clear Channel Outdoor | 800 | Initial public offering |
| Consolidated Stores | 195 | Equity secondary |
| Diodes, Inc | 103 | Public offering |
| ESS Technology | 107 | Follow on offering |
| Falcon Cable Systems | 80 | Public limited partnership offering |
| First Interstate Bank | 150 | Public offering |
| Guidance Software | 66 | Initial public offering |
| International Game Technology | 115 | Public offering |
| International Lease Finance Corp. | 30 | Convertible preferred |
| International Lease Finance Corp. | 25 | Initial public offering |
| Jet America Airlines | 10 | Initial public offering |
| Kasler Corp | 10 | Public offering |
| Keystone Automotive | 70 | Follow on offering |
| Kmart | 1,000 | Convertible preferred |
| Microsemi Corp | 49 | Follow on offering |
| Mobile Mini | 41 | Follow on offering |
| Mobile Mini | 64 | Follow on offering |
| MSC Software Corporation | 71 | Follow on offering |
| Net Logic Microsystems | 69 | Initial public offering |
| Oasis Residential | 144 | Public offering, REIT |
| Oasis Residential | 195 | Initial public offering, REIT |
| OmniVision Technologies Inc | 125 | Follow on offering |
| Organic, Inc. | 135 | Initial public offering |
| Outdoor Channel Holdings | 82 | Follow on offering |
| Pacific Gulf Properties | 100 | Public offering |
| PeopleSupport | 52 | Initial public offering |
| Petco Animal Supplies | 68 | Public offering |
| Petco Animal Supplies | 47 | Initial public offering |
| Quality Food Centers (Zell/Chilmark) | 200 | Equity secondary |
| Safeway | 515 | Equity secondary |
| Sigma Designs | 184 | Follow on offering |
| Snapple (Thomas H Lee) | 80 | Initial public offering |
| Southwest Water Company | 22 | Follow on offering |
| Thrifty Payless (Leonard Greene) | 410 | Equity secondary |
| U.S. Bio Energy Corp | 140 | Initial public offering |
| U.S. Filter Corp | 69 | Public offering |
| U.S. Filter Corp | 103 | Public offering |
| UniCare Financial Corp | 25 | Public offering |
| Vari-Lite Corporation | 28 | Initial public offering |
| Vera Sun Energy | 420 | Initial public offering |
| Veterinary Centers of America | 47 | Public offering |
| Western Waste Industries | 28 | Public offering |
| White Electronic Design Corp | 45 | Follow on offering |
| Winchells Donut Houses L.P. | 90 | Public offering |
| Total Public | 8,928 | |
| Total Public Transactions | 60 | |
| Total Private and Public Equity Transactions | ||
|---|---|---|
| Grand Total | 13,711 | |
| Grand Total Transactions | 94 | |