Capitala Conversations: Episode 2 - Advising, Structuring, and Financing Independent Sponsor Deals

In this episode of Capitala Conversations, Capitala Group Founder and CEO Joe Alala III is joined by Tom Kenary of Houlihan Lokey's Capital Solutions Group to break down a deal process once an independent sponsor has signed a letter of intent—from attracting the right partners to raising the money needed to close the deal and building the capital stack.

Alongside host Sam Tidswell-Norrish, Founder and Chair of Independent Sponsor News, they walk through a hypothetical deal layer by layer, covering the balance between debt and equity, seller rollover and alignment, and when to bring in a capital advisor. They also discuss current market terms, what makes a sponsor and a deal stand out to investors, and where the lower middle market is headed over the next 12 months.

Linked here to listen to on Apple Podcasts and Spotify.