Page 117 - TACC 2023 Program
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A Different Approach
For Founder-Owned Businesses
newheritagecapital.com
BUILDING SUCCESSFUL PARTNERSHIPS
Investing Private Equity in Founder-Led Businesses
The Private IPO ®
Our innovative deal structure gives more control and more incentive equity to founders.
The Private IPO rewards owners that want to reinvest and grow their businesses.
®
% % %
85Liquidity 51 Control 50Ownership
Significant liquidity for Rollover shareholders retain Earn up to 50% of common
shareholders – diversify net board control subject to certain equity value – significantly
worth and/or cash out inactive approval rights, liquidity right more incentive equity than
shareholders and protective right a traditional buyout
Flexible Capital
We provide creative and flexible capital – investing majority or minority equity in full recapitalizations
or growth equity structures.
Where We Invest Private IPO ® Enterprise Value
Example $100MM
Total Debt
$55MM
Economics
Business Services Healthcare Manufacturing at Exit *
Base Upside
COMPANY SIZE Case Case NHC Preferred
$4 - $20+ Million EBITDA for $15MM
New Platform Companies
50%
67%
NHC Common
INVESTMENT SIZE $15MM
$15 - $50+ 33% 50% Owner Common
Million Equity Checks
25% incentive option pool $15MM
* Common equity ownership at exit after repayment of debt and NHC preferred.
NEW HERITAGE CAPITAL
Prudential Tower, 800 Boylston Street, Suite 2200, Boston, MA 02199 P 617.439.0688 F 617.439.0689 newheritagecapital.com
