Investment Approach

Investment Approach

Our investments are primarily senior secured loans to non-sponsor backed businesses with majority of transactions where Caprice will be lead agent and work directly with ownership, management and board members.

These transactions typically aren’t involved in a process nor do they involve an advisor or investment banker. These companies are typically seeking capital for growth, expansion, acquisitions, shareholder liquidity, management buyouts or family/generational transition.

 

Caprice will underwrite based on cash flow leverage and enterprise value as well asset-based structures. The Principals of Caprice have years of experience evaluating both cash flow as well as various forms of collateral.

Transaction Types

  • Growth Capital
  • Mergers / Acquisitions
  • Management Buyouts
  • Family Ownership/Wealth
  • Dividend Recaps
  • Independent Sponsors
  • Family Office

Product Features

  • Customized capital structures
  • Ability to provide Revolvers
  • Delayed Draw Term Loans
  • Terms from 3-6 years
  • Minimal amortization
  • Covenants tailored to specific client needs

Security Types

  • Senior Secured Term Loan
  • Unitranche
  • Second Lien / Last Out
  • Mezzanine
  • Preferred Equity

Investment Criteria

Revenue

$10 million+

EBITDA

$2million +

Investments

$5- 50 million

Structures

Cash Flow, Enterprise Value and Asset Based

Investment Criteria

Revenue

$10 million+

Investments

$5- 50 million

EBITDA

$2million +

Structures

Cash Flow, Enterprise Value and Asset Based