When equity fits
Growth that requires runway
The plan requires several years of investment before returns materialise. Equity absorbs that uncertainty in a way term debt cannot.
Strategic investor value
An investor brings more than capital — market access, relationships or sector credibility that changes the trajectory of the business.
Partial shareholder exit alongside growth
A shareholder wants partial liquidity at the same time as new growth capital is required. A combined equity raise structures both simultaneously.
Four situations that typically trigger an equity raise.
The business has outgrown its existing funding structure
Revenue and EBITDA have grown, the ambition has grown with them, and the existing capital structure — typically a senior loan with a clearing bank — can no longer support the next phase.
An acquisition requires equity alongside debt
A target has been identified but the debt capacity alone does not reach the required consideration. Equity fills the gap or allows a larger package.
A buy-and-build strategy needs a capital platform
PE-backed or owner-led, the business wants to acquire several bolt-ons. The equity structure needs to support that strategy without constant renegotiation.
Management wants to retain control while accessing growth capital
Equity is needed but ownership and governance terms matter. The equity story needs to be built around terms that management is prepared to accept.
Specific outputs, not advisory presence.
- Equity options assessment — debt versus equity versus hybrid, with the trade-offs set out clearly
- Financial model built to investor due diligence standard — growth projections, returns analysis, sensitivity testing
- Investor ready information memorandum covering the equity case, management team and financial history
- Targeted investor longlist and shortlist with rationale for each approach
- Term sheet analysis and negotiation support on economic and governance terms
- Completion management from heads of terms to investment close
