MIG invests with an emphasis on collateral, cash flow and clear exit strategy. MIG is comfortable with special situation transactions that require a non-traditional approach. MIG fills the gap where traditional bank debt financing may not be suitable or available.

Deal Size:
• $5m to $30m per transaction (average is $10m)

Term:
• 1 to 4 Years

EBITDA:
• $2m to $20m (TTM)
• Margin 10% or Greater

Structures:
• Senior Secured Debt
• Asset-Based Loans
• Working Capital Financing
• AR Factoring, Inventory or PO Financing
• Equipment Financing
• Second Lien, Mezzanine or Sub Debt (case specific)
• Specialty Finance
• Bridge Loan or Short Term Financing
• Company Level or SPV Level

Management Equity:
• No minimum, but prefer “skin in the game”

Collateral:
• Hard Assets (plant, property, equipment)
• Receivables
• Inventory
• Contracts
• Parent Company or Personal Guarantee (case specific)

Industries:
• Generalists

Borrower Attributes:
• Capital Intensive
• Recurring Revenue
• Long Term Contracts
• Growth Opportunities
• Defensible Market Position and Differentiation
• Consider established as well as emerging growth with limited operating histories

Exit Strategy:
• Value Creating Event (M&A, etc.)
• Refinancing by Traditional Banks
• Self-Liquidating Facilities
• Fixed Cash Flow or Term Amortization
• Liquidation of Collateral