Capital Raise Case Study

Process

 


Client:
Health Insurance Innovations, a private program manager established in 2009, which provides limited & short term medical, AD&D and life products.

Objective: Assist the founding shareholder in completing a buyout of his existing equity partners within a 60 day period.
 
Our Process: Led by a senior advisor, Merger & Acquisition Services undertook the following initiatives:
 
 
 
  • Worked directly with the CEO in developing a Private Placement Memorandum to facilitate senior financing of the buyout including financial pro-forma modeling.
  • Identified qualified financing partners with in depth expertise in the insurance sector.
  • Merger & Acquisition Services worked with a number of traditional and alternative lending facilities on the terms and structure of the transaction.
  • Assisted in negotiating the final terms of the deal; resulting in the execution of a senior secured financing loan.
Result: Client received over $5MM of debt capital from Sun Trust facilitating the buyout of all remaining shareholders within 90 days.  Subsequent to the buyout, Health Insurance Innovations CEO filed for an initial public offering and listed on the NASDAQ Stock Market with the ticker (HIIQ) in February 2013.

 

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