Backbone Capital increased the credit facility to ~$40M for the UK-London based Cairngorm PE fund, and its portco Sagehome to acquire an add-on target. This is the first add-on acquisition of this platform with more in its future. Backbone looks forward to supporting Cairngorm on its continued growth in the US. Read more… […] Read more
Deal Closings
May 17, 2022
Backbone Capital arranged the debt financing of X1 Discovery Saas software in Q1-22. The financing is based on a factor of Annual Recurring Revenue (ARR) and the purpose is to fund growth. With a new CEO in place, X1 is well positioned to achieve its growth plan. Backbone Capital is experienced and pleased to support […] Read more
May 17, 2022
Read official press release […] Read more
February 22, 2022
Backbone worked closely with client in full advisory capacity — working through financial models, negotiating and narrowing term sheets of the lender group, helping coordinate lender diligence, document negotiations and closing mechanics for a successful closing. Backbone is proud to work with quality clients such as OpenGate Capital. Read more… […] Read more
July 17, 2021
Backbone Capital arranged a $25M senior debt credit facility for United Engineers & Constructors, a leading engineering services firm dedicated to the power plant industry. United is a company in transition that needed a flexible credit facility from a lender that understands their business and can work through a transition period. Backbone worked closely with […] Read more
April 9, 2021
Backbone Capital worked with Independent Sponsor in the acquisition financing process to acquire platform and add-on acquisition in the healthcare services / home health industry. The debt and equity financing of ~ $40M funded the acquisition and allows the Ind Sponsor to have a meaningful platform portco and continue to pursue additional acquisitions and improve […] Read more
March 6, 2019
Backbone Capital assisted Tartavull Klein Capital, a private equity control buyout group, on new acquisition financing of a special situation, regional business services company, which was divested from a private enterprise. The investment folds into the TK strength of purchasing tech enabled businesses where speed, certainty of closing, and operational focus drive the investment thesis […] Read more
March 6, 2019
Skyview Capital engaged Backbone Capital Advisors to assist with the acquisition financing of Continuum, a large target company. Backbone Capital, with Britt Terrell at the helm, gave us the confidence we needed to ensure that the financing got completed. This transaction was a challenging carve-out with diligence limitations and hesitant lenders, and Britt’s valuable experience […] Read more
January 28, 2019
JW Hill Capital engaged Backbone Capital to arrange senior-unitraunch debt for digEcor, based in Australia, to acquire in-flight entertainment business from Collins Aerospace and integrate to form a new global business named Burrana. About JW Hill Capital JW Hill Capital, a Newport Beach California-based private equity firm, leverages its industry expertise and operating experience to […] Read more
October 16, 2018
True West provided a $15m 1st Lien Term Loan and $3m equity co-investment to support Avem Partners’ acquisition of Future Tech Metals. Backbone Capital provided capital advisory services. The transaction closed in August 2018. Founded in 1998, Future Tech is a supplier of roughing and finishing services for customers that manufacture large metallic forgings – […] Read more