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BHC Interim Funding, L.P.
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BHC Interim Funding III, L.P. is a dedicated fund established to provide short-term mezzanine and bridge capital to U.S. companies that require capital for acquisitions or recapitalizations, to finance profitable growth or expansion, to augment working capital and/or to capitalize on time-sensitive opportunities.
The fund's committed institutional capital base and experience in structuring interim financings allow it to respond quickly to investment opportunities and to provide flexible terms.
BHC Interim Funding, L.P. is the established leader in providing bridge and interim funding to middle-market companies.
BHC Interim Funding III, L.P. is the successor to a $50 million fund founded in 1999, and a $200 million fund founded in 2003. Investors in the fund include U.S. insurance and financial services companies, an international bank and investment company, multiple foundations, pension funds and endowments, and private investors.
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Financing Type: Subordinated loan similar in price and structure to mezzanine debt
Length of Term: Up to 36 months, interest only with no prepayment penalties
Investment Amount: $5 million to $25 million. Investment amount could be part of a larger transaction or a co-investment
Company Size: Annual revenues typically between $20 million and $300 million with a minimum of $2 million of EBITDA
Company Profile: Established middle-market private or public companies that have a history of profitable operations, positive cash flow, and a strong management team
Targeted Industries: Manufacturing, distribution and business services
Industry Restrictions: The fund will not finance real estate, oil and gas, trucking, mining, cutting-edge technology, gaming, restaurants, startups, turnarounds or early stage situations
Geography: The fund will invest throughout the U.S. in domestic borrowers
Timing: Closing typically occurs within four weeks of an initial meeting with the principals
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444 Madison Avenue • 25th Floor • New York, NY 10022 • Phone: (212) 753-1991 • Fax: (212) 753-7730 • info@brookshoughton.com
263 Tresser Boulevard • Stamford, CT 06901 • Phone: (203)-564-1979 • Fax: (203)-564-1402 |
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