2024
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October 2024
Corbel Capital Partners ("Corbel" or the "Firm"), a private investment firm providing creative, flexible capital to lower middle market companies, is pleased to announce the closing of Corbel Equity Partners SBIC, L.P. ("CEP III"). With over $200 million in capital commitments, CEP III is another successful partnership with the Small Business Administration ("SBA"). CEP III will build upon and leverage the broader Corbel platform to provide equity capital ranging from $10-25mm for growth and buyout investments for companies under $20mm in EBITDA.
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September 2024
Corbel Capital Partners closed an investment into Panini Kabob Grill (“PKG”). Founded in 1997, PKG is a 22-unit chain of Mediterranean, fast casual restaurants with locations based in the greater Los Angeles and San Diego regions. The Company is a well-recognized brand in the Southern California market with a strong footprint of locations that offer healthy and affordable food.
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May 2024
Corbel Capital Partners closed an investment into STAT Recovery ("STAT"), a machine learning-based invoice audit software platform helping retail suppliers optimize revenue by reducing improper deductions and compliance fines from large retailers in partnership with Cambridge Capital. STAT has audited over $250 billion in retail transactions for the largest retail suppliers in the world and has the highest recovery rate in the industry, as well as the most comprehensive claims avoidance program. Our investment and partnership with Cambridge Capital, Casey Roberts and Todd Reeves (Co-Founders of STAT), will enable STAT to significantly enhance its technology offerings for retail suppliers, expand into additional retail ecosystems, and accelerate growth via significant partnerships with supply chain, transportation, logistics and other relevant companies.
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March 2024
Corbel Capital Partners closed an investment into USI Holdings, LLC and its affiliates (“USI”) . Founded in 1998 and operating out of five leased facilities in the Minneapolis-Saint Paul (“MSP”) region, USI provides outsourced construction, fulfillment, restoration, and maintenance services for both the wireline and wireless end markets. USI services several blue chip telecom companies including Comcast, T-Mobile, Verizon and AT&T. The Company has been recognized as a top performer in its region where it maintains Comcast’s preferred vendor status and has won recognitions such as the Golden Shovel Award multiple times.
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February 2024
Corbel Capital Partners closed an investment into Atlantic Jet Partners (“AJP”). With offices in Pompano Beach, FL and Lexington, NC, specializes in (i) aircraft sales, (ii) maintenance, repair, and overhaul (“MRO”) services, and (iii) engineering services for light to midsized jets. Through its MRO division, the Company offers the services of an FAA certificated Part 145 Repair Station to Hawker, Beechjet, Learjet, Citation, and other light to midsize jets out of modern facilities in Lexington, North Carolina. AJP also offers cost-effective time-between-overhaul extension services on JT15D engines that power certain Beechjets and Citations. Uses of transaction proceeds included significant expansion of AJP’s facilities.
2023
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December 2023
Corbel Capital Partners closed an investment into Locally.com. Headquartered in New Orleans, Louisiana, the Company is a SaaS provider focused on supporting brands in providing a true omnichannel experience to end consumers. Locally was founded in 2014 to enable online-to-offline shopping by providing digital integration between consumer brands and brick and mortar retailers, including major chains such as Dick’s Sporting Goods and Ace Hardware, enabling shoppers to search for products on a brand or Locally’s website then utilize Locally’s software tools to Buy Online Pickup at Store (“BOPIS”), Reserve Online Pickup at Store (“ROPIS”), or Ship-to-Store.
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October 2023
Corbel Capital Partners closed an investment into Switchbox, Inc. (“Switchbox”), alongside Panther Equity Group. Switchbox is a leading digital transformation IT services provider focused on creating custom software solutions for customers in the United States. Headquartered in Columbus, Ohio, Switchbox is an experienced service provider creating software applications and solutions for medium-sized and enterprise customers within the healthcare, energy, government, retail and related industries. Since its founding in 2003, Switchbox continues to provide best-in-class services by helping its clients solve complex operational problems through software.
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June 2023
Corbel Capital Partners closed an investment into Healthly, a value-based senior primary care platform. Healthly's mission is to revolutionize healthcare by empowering doctors to devote more time and attention to their patients, ensuring that each individual receives the comprehensive care they deserve. They are committed to developing innovative solutions that streamline administrative tasks and promote efficient medical practices, ultimately fostering a nurturing environment for optimal patient well-being and satisfaction. The Company currently services the Southern California region and is headquartered in Los Angeles, CA.
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May 2023
Corbel Capital Partners closed an investment in Premier Plastic Surgery Partners, a platform for facial plastic surgery and plastic surgery specialists. Premier is comprised of leading board-certified plastic and facial plastic surgeon practices that aim to bring a novel physician-centric approach to physicians looking to reduce risk, grow their practice and strengthen their legacy. The Company was founded by three nationally recognized physicians: Jeffrey H. Spiegel, MD, FACS, Ross A. Clevens, MD, FACS and Stephen J. Ronan, MD, FACS and has practices located in CA, FL and MA.
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February 2023
Corbel Capital Partners closed an investment into L'Agence. Headquartered in Los Angeles, California, the Company is a designer, manufacturer, and marketer of women’s apparel in the contemporary market under the brand name L’Agence. L’Agence is a well-represented brand at the country’s most prestigious department stores, including Saks, Neiman Marcus, Nordstrom, and Bergdorf Goodman, as well as over 100 high-end boutique stores.
2022
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September 30, 2022
Corbel Capital Partners closed a structured investment (the “Transaction”) into Tennyson electric Inc. (“Tennyson” or the “Company”) in the form of preferred equity to support the continued growth of the Company. Headquartered in Livermore, California, Tennyson Electric Inc. (“Tennyson”) is a union based electrical contractor operating in the Bay Area with a strong reputation for quality and safety. Tennyson’s work portfolio includes a mix of public works and private projects across a range of horizontal and vertical electrical contracting end markets.
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August 1, 2022
Corbel Capital Partners realized its investment in FiscalNote Holdings, Inc. (“FiscalNote” or the “Company”). FiscalNote completed a merger with Duddell Street Acquisition Corp., a Special Purpose Acquisition Vehicle, at a valuation of approximately $1.2 billion. Corbel’s initial investment, made in October 2020, was used to refinance an existing lender and fund add-on acquisitions for the Company. We believe this transaction is an excellent example of Corbel’s ability to provide flexible and bespoke capital solutions to growing businesses while creating an attractive risk adjusted return for our investors. The Company trades on the New York Stock Exchange under the ticker symbol “NOTE”.
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July 28, 2022
Corbel Capital Partners announced that it has closed a structured investment into Nivagen Pharmaceuticals (the “Company”). Headquartered in Sacramento, CA, the Company is a specialty pharmaceuticals business that develops and sells generic and branded prescription drugs for the North American market, with an in-house R&D team and laboratory that has built a wide portfolio of complex injectable generics and 505(b)(2) programs. The Company’s management team chose to partner with Corbel given the strategic benefits of having a long-term institutional capital partner with extensive experience and relationships in healthcare and pharmaceutical manufacturing. Corbel’s flexibility and expertise, as well as Corbel’s certainty of close, further demonstrate its ability to effectively partner with talented founders and management teams.
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July 19, 2022
127 Wall and Yellow Banana Partner with the City of Chicago in Tackling Food Deserts
Yellow Banana to leverage $13.5 million Community Development Grant from the City of Chicago to reposition stores across the City’s South and West Sides and Re-open Previously Closed Location in Auburn-Gresham Neighborhood
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Corbel Capital Partners is pleased to announce the hiring of Evan Munsing as our Director of Portfolio Operations. This newly created role enables Corbel to help our portfolio companies achieve their full growth potential by providing access to an in-house operator with significant experience in both growth-oriented and turnaround situations across a variety of industries. Evan will collaborate with management teams to maximize value creation in areas such as salesforce effectiveness, supply chain management, M&A integration, cost mitigation and technology development.
Evan brings over 12 years of public and private sector experience, most recently as General Manager and Senior Vice President of Operations and Technology at TransformCo, where he managed a ~$300 million P&L and over 750 employees. Prior to TransformCo, Evan worked closely with portfolio companies owned by Vista Equity Partners as a member of its Value Creation Group. Prior to Vista Equity Partners, Evan worked as a management consultant at McKinsey & Co, principally in their Restructuring and Transformation practice.
Evan also served as a Marine Corps infantry officer with deployments to Central and East Asia. Evan earned a BSc (with Honors) in International Relations and History from the London School of Economics.
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June 24, 2022
Corbel Capital Partners announced that it has closed a structured investment into Good Clean Love, Inc. (“GCL”) and Vaginal Biome Science (“VBS”, or together with GCL, the “Company”) to fund the next stage of the Company’s growth and provide liquidity to early investors. Founded in 2003 and headquartered in Eugene, Oregon, the Company is a leading provider of better-for-you feminine hygiene and sexual wellness products. The transaction marks the first investment of Corbel’s recently launched equity fund, Corbel Equity Partners II, L.P.
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June 20, 2022
Corbel Capital Partners is pleased to announce that it held its first closing on its latest equity fund, Corbel Equity Partners II, L.P., (“CEP II”). With a target fund size of $200 million, CEP II will build upon and leverage the broader Corbel platform to provide structured equity capital for growth investments and buyouts in lower market businesses.
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May 20, 2022
Corbel Capital Partners announced that it has closed a structured investment into a leading personal credit management business (the “Company”). Headquartered on the East Coast, The Company helps customers with credit challenges through a differentiated subscription offering that provides services to support credit repair, as well as credit, dark web, and social media monitoring. The Company’s management team chose to partner with Corbel given the strategic benefits of having a long-term institutional capital partner who could continue to grow with the Company as it scales. Corbel also expects to leverage the deep digital marketing expertise it has amassed across several portfolio companies and operating advisors. Corbel’s flexibility and expertise, as well as Corbel’s certainty of close, further demonstrate its ability to effectively partner with talented entrepreneurs.
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JANUARY 7, 2022
Corbel Capital Partners announced that it has closed a structured investment into a Leading Estate Management Company (the “Company”). Founded more than 30 years ago and headquartered in the Midwest, the Company provides clients with comprehensive estate management services, including such services as landscape and hardscape design, installation and maintenance, flower and seasonal planning, holiday decorating, snow removal, project management, and event planning. The Company offers a unique concierge level of service to its loyal client base comprised of owners of large properties in affluent areas. Average tenure of top clients is more than 15 years. The Company will serve as a platform for add-on acquisitions, and has closed two add-ons to date.
2021
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November 19, 2021
Corbel Capital Partners closed a structured investment into T3 Expo, LLC (“T3”). Founded in 2009 and headquartered in Boston, Massachusetts, T3 provides turnkey solutions for exhibit design and logistics to marquee corporate events and trade shows. T3 manages the physical event experience from the planning and design of each exhibit all the way through procurement, logistics and eventual setup and event execution. While the pandemic create a momentary period of stress for the industry, the advent of vaccines and reduction in gathering restrictions have generated significant backlog for the company that is expected to continue. Corbel partnered with T3’s strong, tenured management team and founders, as well as the incumbent lender. This is the fourth investment of Corbel DSOF Capital Management (“DSOF”). DSOF aims to provide creatively-structured capital solutions to meet the needs of various constituencies in special and otherwise-complex situations. Corbel provided a flexible capital solution that recapitalized the business and will fuel its rapid ongoing growth. -
November 19, 2021
Corbel Capital Partners closed a structured investment in support of an add-on acquisition for Access Dental Management (“Access”), an existing portfolio company. The acquisition, Optim & Vogue Dental, is a general dentistry-focused operator of six practices in Central Illinois and represents the first expansion outside of Texas by Access. Corbel made the investment in partnership with Dr. Tien Phan and Surge Private Equity, an independent sponsor located in Dallas, Texas. Corbel continues to support the Company’s growth by acquisition and de novo strategies, which has resulted in more than doubling of its clinical footprint across two states since the initial investment.
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November 17, 2021
Corbel Capital Partners announced that it closed a structured investment in support of the restart of Skalar Pharma Holding LLC (“Skalar”). Skalar is the owner of a state-of-the art active pharmaceutical ingredient (“API”) production campus, based in Guyama, Puerto Rico, which is fully equipped with advanced equipment and infrastructure for production of molecules. Originally constructed by Astra Zeneca in 1992, the production campus plant’s products were historically approved by top US, European, and Asian regulating bodies, with prior owners producing over 30 different complex molecules out of its footprint. Most recently the plant was owned by Eli Lilly producing several APIs as a global supplier, prior to the sale of the plant to Skalar. Corbel made the investment in partnership with Skalar chairman Fernando Londono, a biopharmaceutical industry veteran with a track record of success based in Bogota, Colombia. This is the third investment of Corbel DSOF Capital Management (“DSOF”). DSOF aims to provide creatively-structured capital solutions to meet the needs of various constituencies in special and otherwise-complex situations. Corbel’s differentiated, one-stop capital solution demonstrates Corbel’s ability to creatively structure investments alongside owners in special situations to create attractive risk reward opportunities.
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October 25, 2021
Description text goes hereEntities associated with Corbel Capital Partners closed a significant investment into National Land Partners, Inland Management, LLC, Inland Title of Texas, LLC, and American Land Partners, LLC (collectively, "NLP"). Headquartered in Williamstown, MA, NLP is a land acquisition, sales, and marketing company specializing in large residential parcels in Texas, Florida, Maryland, and beyond. National Land Partners has over fifty years of experience serving individual consumers and is a leading buyer and seller of recreational and residential land in suburban and rural counties.
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October 18, 2021
Corbel Capital Partners announced that it has closed a structured investment in support of the acquisition of SpaceJet Media ( “SpaceJet”). Headquartered in Salt Lake City, UT, SpaceJet is a leading lead generation marketing business focused on efficiently connecting consumers to advertisers, search engines, and their affiliates. Founded in 2011 by its management team, SpaceJet employs a proprietary technology platform that allows it to efficiently qualify and redirect digital ad impressions from a diversified set of publishers to more relevant advertisers. Corbel made the investment in partnership with Loyal Companies (“Loyal”), an independent sponsor located in Utah. Corbel’s ability to craft a creative one-stop capital solution which addressed the needs of the various interested parties. Loyal and Corbel’s operational support and subject matter expertise in the digital marketing space is also expected to generate value for all stakeholders, leveraging its existing portfolio companies and operating advisors in the industry. Accordingly, the acquired entity is expected to have a more diversified customer base, and expanded capabilities. Corbel’s flexibility and expertise, as well as Corbel’s speed and certainty of close, further demonstrate its ability to effectively partner with independent sponsors.
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September 20, 2021
Corbel Capital Partners ("Corbel") announced that it has closed a structured investment into Yellow Banana, LLC (the “Yellow”), a new operating entity that completed a carve-out of 32 Save A Lot stores across the Greater Cleveland, Greater Chicago, and Greater Milwaukee areas. Save A Lot, one of the largest discount grocery chains in the U.S., provides convenient access to affordable foods, including high quality private label brands, national brand products, USDA-inspected meat, farm-fresh fruits and vegetables, and other non-food items. Corbel partnered with 127 Wall Holdings, LLC (“127 Wall”), a minority-owned holding company with local community roots, to acquire corporate-owned store assets and provide capital to the balance sheet for store remodeling. Corbel’s flexible capital solution demonstrates Corbel’s ability to creatively structure investments alongside independent sponsors, and Corbel’s and 127 Wall’s operationally-supportive partnership will position the Company for future growth. This investment was made with the support of Corbel DSOF Capital Management (“DSOF”), which aims to provide creatively-structured capital solutions to meet the needs of various constituencies in special and otherwise-complex situations.
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September 13, 2021
Corbel Capital Partners realized its investment in MediaLab.Ai following Corbel’s initial Jun-20 investment into the Company, which financed the transformational acquisition of World Star Hip Hop (“WSHH”), and Corbel’s subsequent Mar-21 follow-on investment, which lead to further growth leading up to the transaction; both of Corbel’s investments enabled a refinancing transaction from a larger institutional lender after the company significantly grew revenue and EBITDA and diversified its revenue streams through organic growth and acquisitions. This exit represents an exceptional outcome for both MediaLab.Ai and Corbel, and substantially validates Corbel’s ability to act as a value-add capital provider and continued capital supporter for its portfolio companies after Corbel’s initial investment.
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June 21, 2021
Corbel Capital Partners closed a structured investment into LD Products, Inc. (“LD Products” or the “Company”). Corbel partnered with the Company to provide a complete capital solution to fund working capital and cash to the balance sheet for continued growth. Founded in 1999 in Los Angeles, CA, LD Products is one of the largest e-commerce driven distributors of discount printer ink & toners cartridges in the United States. The Company primarily sells branded contract-manufactured ink and toner, compatible with consumer and commercial printers from nearly all OEMs, at prices that are significantly lower than OEM consumables and comparable in quality. LD Products sells through a diversified number of channels including owned and operated websites, Amazon, other online marketplaces, and a channel partner division that targets larger commercial customers.
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June 1, 2021
Corbel realized its investment in Hinrichs Trading Company (“HTC”). The assets of HTC were sold to North America’s leading flour supplier Ardent Mills. Corbel’s flexible capital solution allowed the founder and majority owner of HTC and his family to continue to operate in the face of short-term market pressures and realize a very attractive exit. We believe that this transaction is an excellent example of Corbel’s ability to provide bespoke capital solutions to founder/owners, while partnering with them to grow their businesses and as a result creating off-market risk adjusted returns for all stakeholders.
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May 25, 2021
Corbel Capital Partners announced that it has closed a structured investment into The Well Care Group MSO, LLC (“Well Care”, or the “Company”) to refinance existing debt, fund a pending acquisition, buyout certain passive minority shareholders, and fund a dividend. Founded in 2007, Well Care is a leading provider of integrated behavioral and related healthcare services including psychiatric care, primary care, pharmacy services, case management, housing services, transportation, substance abuse treatment, and therapy for underserved populations in Las Vegas and Reno, Nevada.
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May 11, 2021
Corbel Capital Partners closed a structured investment into Wynden Stark, Inc. ("Wynden Stark" or the "Company"). Corbel partnered with the Company to facilitate a share consolidation effort among management as well as provide capital for Wynden Stark to continue its impressive growth trajectory. Founded in 2009, headquartered in Los Angeles, CA and operating with an international presence across offices in New York City, NY, Austin, TX, London, UK and Sydney, AUS, Wynden Stark is a technology-enabled talent acquisition and staffing advisory firm which utilizes machine learning/artificial intelligence to place mission-critical talent within higher education STEMM fields (Scientific, Technical, Engineering, Mathematical, Medical). Wynden Stark also operates an innovative, proprietary technology platform called Nebula which algorithmically scores, sorts and ranks candidates based on job descriptions.
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April 9, 2021
Corbel Capital Partners closed a structured investment into Advanced Markets Holdings, LLC ("Advanced Markets" or the "Company") in partnership with FXFY LLC (“Forexify”), a fintech-focused independent sponsor. New investors Corbel and Forexify join existing shareholders Macquarie Group and GFI Group LLC, a subsidiary of BGC Partners, Inc. (NASDAQ: BGCP) who have reduced their stakes to accommodate new investors for the next phase of Advanced Markets' growth. Headquartered in Charlotte, NC, Advanced Markets is a prime of prime broker offering wholesale services to institutional clients globally, providing technology access, trade execution and prime brokerage solutions directly to banks, hedge funds, commodity trading advisors, corporations and other institutional market participants. The firm offers direct market access trading in spot FX and precious metals as well as contracts for differences (CFD) across financial and commodity products via various regulated entities around the world.
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January 29, 2021
Corbel Capital Partners announced that it has closed a structured investment in support of the acquisition (the “Transaction”) of BRT Extrusions, Inc. (“BRT”, or the “Company”) to support the continued growth of the Company. Founded in 2005, BRT is a leading regional provider of aluminum extrusions and other value-added services such as anodizing, painting and thermal treatment. The Company makes custom aluminum extrusions using customer specific dies via large industrial presses and additionally possess incremental finishing capabilities to treat the extruded aluminum products in a number of different ways for various end-market uses. Corbel made the investment in partnership with the Gallamar Group (“Gallamar”), an industrial and manufacturing focused independent sponsor with a long history of deep operational involvement. Corbel’s flexible capital solution demonstrates Corbel’s ability to creatively structure investments alongside independent sponsors, and Corbel’s and Gallamar’s operationally-supportive partnership will enable the Company to further expand capacity and the services it provides to the marketplace.
2020
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December 29, 2020
Corbel realized its investment in Northwest Medical, LLC & Great Elm DME (“GEC DME”) in the context of consistent and sustained strong performance by the company which enabled a refinancing transaction from a multi-national bank. Over the last three and a half years, Corbel has partnered with management and Great Elm Capital Group, Inc. (NASDAQ: GEC) to grow the Company’s product offerings and expand its geographic reach through a combination of assisting with operationally-supportive organic initiatives and the funding of follow-on tuck-in acquisition financings. This exit represents an exceptional outcome for GEC DME and substantially validates Corbel’s ability to act as a value-added capital provider and continued capital support for its portfolio companies after Corbel’s initial investment. -
December 29, 2020
Corbel realized its investment in The Inception Company, which was sold to a private equity firm. Since its investment in July 2020, Corbel has partnered with management to expand the Company’s virtual conferencing service offerings into new key markets. This exit represents an exceptional outcome for The Inception Company and substantially validates Corbel’s flexible capital solution for companies in need of strategic growth capital.
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November 25, 2020
Corbel Capital Partners closes structured investment (the “Transaction”) into a leading agricultural processer and distributor in the Pacific Northwest (the “Company”). Founded in the 1990s by its current CEO and President and headquartered in the Pacific Northwest, the Company is a leading value-added processor and distributor of agricultural products. The Company sells cleaned, sorted, and graded finished product to canners, packagers, alternative protein developers, snack food manufacturers, and producers of pet food domestically and internationally. Corbel partnered with the Company, the Company’s incumbent lender, and a new revolving lender to refinance existing indebtedness and provide capital to the balance sheet to fuel ongoing growth.
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October 19, 2020
Corbel Capital Partners closes structured investment (the “Transaction”) into FiscalNote, Inc (“FiscalNote”) in the form of senior secured notes. Headquartered in Washington, D.C. FiscalNote is a subscription-based software provider which serves a diverse blue-chip customer base and helps companies manage legal, policy and regulatory issues / workflow. FiscalNote is the industry leader within its market and has exhibited impressive growth in annual recurring revenue (“ARR”).
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October 9, 2020
Corbel Capital Partners today announced that it has expanded its asset management platform by forming Corbel DSOF Capital Management (“DSOF”), which focuses on distressed and special opportunity financings into high-quality resilient businesses with under $20 million in EBITDA in the lower market undergoing temporary adverse dynamics. Please reach out to Erich Sorger, Rudy Freeman, or Michelle Rogers with any relevant opportunities for this new vertical.
Together with Corbel’s existing focus on performing businesses, DSOF will add an emphasis on turnaround or special situations with near-term cashflow issues which can be resolved with flexible capital and “structured sponsorship”. DSOF will seek to build on Corbel’s experience in the lower middle market to drive value by providing liquidity capital to “rescue” high-quality businesses with short-term stress and long-term attributes for success. DSOF will also evaluate purchases of existing investments from lenders seeking immediate exits and will work with the borrower to help restore value. “We believe that there is significant unmet demand from lower market businesses for a flexible and value-added capital solution in which small business owners are faced with stress or distress and would benefit by taking a capital investment,” said Jeff Schwartz, Managing Partner. “Lower market businesses are disproportionately impacted by both endogenous and exogenous challenges, such as COVID-19, and are unable to maximize their potential, often due to identifiable and addressable management, operational and organizational deficiencies and lack of access to capital.”
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September 28, 2020
On September 28, 2020, Corbel realized its investment in INI Power Systems, Inc. (“INI”) in the context of facilitating a sale to strategic acquiror The Dewey Electronics Corporation (“Dewey”). Corbel had structured its initial investments to meet the growth capital needs of the Company while also providing for the buyout of a minority shareholder. After four years of successful partnership Corbel facilitated INI’s sale to Dewey. The exit represents Corbel’s ability to provide value to lower market businesses through business development relationships and M&A support.
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July 24, 2020
Corbel Capital Partners closes structured investment (the “Transaction”) into The Inception Company, LLC ("Inception") in the form of senior secured notes. Headquartered in Fairfield, NJ, Inception is a technology-driven production company that builds and supports virtual engagement platforms and services primarily for the pharmaceutical industry. Corbel partnered with the existing management team to provide a growth capital financing solution that met all of Inception’s needs and provided capital to support the Inception's rapid business growth initiatives.
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June 30, 2020
Corbel Capital Partners closes structured investment (the “Transaction”) into MediaLab.AI Inc. ("MediaLab") in the form of senior secured notes. Headquartered in Los Angeles, CA, MediaLab is a vertically-integrated mobile and web content publisher and aggregator that sells digital advertising impressions across a diversified set of platforms, customers, and industries. Corbel partnered with the existing MediaLab management team to finance a transformative acquisition for the company that significantly expands MediaLab’s breadth and depth of available digital impressions and website assets.
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June 30, 2020
Corbel Capital Partners closes follow-on investment into RealDefense, LLC Corbel Capital Partners closes an add-on investment in the form of secured notes to support the acquisition of Iolo Technologies, LLC ("Iolo") by existing portfolio company RealDefense, LLC ("RealDefense"). Iolo provides consumer and small business device optimization, security, and privacy software/services in a marketplace where demand for digital security and hardware optimization continues to grow at a rapid pace with continued tailwinds due to the work-at-home economy. The Acquisition significantly expands RealDefense’s product offerings and digital marketing capabilities and will allow the combined company to realize significant cross-selling revenue opportunities. Corbel made the investment in partnership with Broadstream Capital Partners - an independent sponsor located in Los Angeles, CA - and continues to demonstrate the value of its flexible capital solution, ability to creatively structure investments alongside independent sponsors, and support for follow-on capital for its existing portfolio companies.
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April 23, 2020
Corbel realized its investment in ARES Security Corporation (“ARES Security”) in the context of facilitating a future strategic investment from existing shareholders. ARES Security is a leading provider of software and solutions that ensure homeland security and business continuity against an entire range of risks that jeopardize people, revenue, and operations. Over the last three and half years, Corbel has partnered with ARES Security as it penetrated new markets and expanded its software offerings. This exit represents a successful outcome for Corbel and substantially validates Corbel’s ability to provide value-added, flexible capital solutions to lower middle-market businesses.
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February 26, 2020
Corbel closes structured investment (the “Transaction”) into Noble Roman's, Inc. ("Noble Roman's" or the “Company”) in the form of senior secured notes. Headquartered in Indiana, the Company is a franchisor of a non-traditional concept located within modern convenience stores, entertainment facilities, and hospitals; and a traditional brick and mortar fast-casual-restaurant concept. As a result of ongoing growth initiatives and pending debt maturities, Management was seeking a value-added and flexible capital partner to support the next phase of growth in building out new Company owned restaurants and related franchising efforts. Corbel was able to provide that solution by structuring its capital to address refinancing, liquidity, and growth.
2019
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November 07, 2019
Corbel Capital Partners closes structured investment (the “Transaction”) into Upstrēm, Inc (“Upstrēm” or the “Company”) in the form of senior secured notes. Headquartered in San Diego, CA with principal operations in Louisville, KY, Upstrēm is a technology-enabled liquidator of post-retail soft goods currently focused on footwear with a recent entry into apparel which has been experiencing rapid growth. As a result of the recent growth, Management was seeking a value-added capital partner to fuel continued expansion and Corbel was able to provide that financing solution, with a significant amount of proceeds structured as growth capital for inventory purchases. -
June 30, 2019
Corbel Capital Partners is pleased to announce that on June 30, 2019 it formed a Special Purpose Vehicle, Corbel Opportunity Zone Fund I, LLC, as a Qualified Opportunity Zone (“QOZ”) Fund, to invest in a real estate development project in Los Angeles, CA. Capital commitments, raised from existing Corbel limited partners, will be used to make significant improvements to two large real estate properties in a U.S. Qualified Opportunity Zone. This latest offering demonstrates Corbel’s continued commitment to bringing Lower Market investment opportunities with favorable risk-adjusted return profiles to its limited partners. -
May 28, 2019
Corbel Capital Partners partially realized its investment in Jariet Technologies, Inc. (“Jariet”) in the context of facilitating an incoming strategic investment. Corbel had structured its investment to meet the growth capital needs of the Company while allowing shareholders to retain significant upside from the commercialization of Jariet’s products. This positive outcome substantially validates Corbel’s flexible capital solution for companies in need of strategic growth capital. -
April 26, 2019
Corbel Capital Partners realized its structured investment in Antares Audio Technologies, LLC (“Antares”). Corbel made the investment into Antares in partnership with Broadstream Capital Partners, LLC (“Broadstream”), a Calabasas, CA based merchant bank, and played an important role in the launch of Autotune Pro, the company’s industry leading flagship vocal enhancement software. This exit represents an excellent outcome for Antares and substantially validates Corbel’s ability to act as a value-added capital provider in the lower middle market. -
April 18, 2019
Corbel Capital Partners closed a structured investment (the “Transaction”) into Access Dental Management, LLC (“Access” or the “Company”) in the form of senior secured debt and preferred equity. Corbel’s flexible capital solution enabled a successful close while recapitalizing the business for its next phase of growth. Headquartered in Dallas, TX, Access has built a growing network of community driven multi-specialty dental practices with locations across Texas. Corbel made the investment in partnership with Surge Private Equity, independent sponsors located in Dallas, TX, with seller retaining a significant equity stake. -
February 20, 2019
Corbel Capital Partners realized its structured investment in Cosmetic Design Group, LLC (“CDG”) with the acquisition of CDG by World Wide Packaging, LLC, a portfolio company of Bain Capital (“Bain”). Corbel made the investment into CDG in partnership with Five Crowns Capital (“Five Crowns”), an independent investment firm based in Newport Beach, CA, and provided business development relationships and professionalization of CDG’s financial reporting functions through Corbel’s internal finance team ahead of the sale to Bain. This exit represents an outstanding outcome for CDG and substantially validates Corbel’s ability to partner with independent sponsors in the lower middle market with creatively structured, value-added capital. -
January 8, 2019
Corbel Capital Partners realized its structured investment in Supplier Management Solutions, Inc. (“SMS”) with the acquisition of SMS by the TRIGO Group (“TRIGO”), a portfolio company of Ardian (fka AXA Private Equity). TRIGO announced that the move will provide them a robust platform in North America. Over the past four and a half years, Corbel partnered with the founder of SMS to help transform the company into a key strategic acquisition target for TRIGO by expanding SMS’ customer base and more than tripling the number of billable employees. This exit represents an exceptional outcome for SMS and substantially validates Corbel’s ability to act as a value-added capital provider to founder owned businesses ahead of the sale.