Mandate / 04 · Capital & Growth Consulting
Private holding company
Architected the recapitalisation and roll-up vehicle that consolidated four operating businesses into a single platform.
— The situation
Four profitable businesses sat under one family’s ownership in three jurisdictions, each financed separately, each with a different minority shareholder and none able to borrow against the strength of the others. A generational transfer was four years away.
— The outcome
A $420M platform facility closed in nine months at a materially lower blended cost of capital, with three of four minorities rolling into the new structure. The family has since acquired two further businesses onto the platform.
— What we did
- 01 Modelled the group as a single balance sheet for the first time, and showed the family what the fragmentation was costing in basis points.
- 02 Designed a platform structure that respected each minority’s existing economics rather than requiring them all to be bought out at once.
- 03 Ran a structured process with a small number of credit providers, against a thesis rather than against a teaser.
- 04 Sequenced the recapitalisation to land before, not during, the generational transfer.
Client identity withheld under the firm’s confidentiality standard. Figures are the client’s own, measured over the period stated. Past outcomes are not a guide to future results, and nothing here is a recommendation with respect to any security.