This early stage business, which had grown its revenue from $3m to $30m in two years required a refinancing of its working capital facilities

The founders sought assistance from Odyssey to guide the company through its growth

Odyssey role

Odyssey worked with the executive management and its role included

• Assessment of the growth strategy and analysis of funding requirements
• Preparation of an information memorandum describing the company’s operations, financial position and prospects
• Assisting in the preparation and testing of the financial model
• Arranging the debt funding package
• Negotiating the financial aspects of the proposed funding including placement and execution of the transaction

Odyssey value-add

Odyssey was able to advise the owners on their growth strategy and to propose different funding options, guiding the client to the right solution for the business and its shareholders

Odyssey was also able to demonstrate the inherent value of the client’s balance sheet and ensure the financiers were comfortable with the risk represented

Overall, Odyssey’s involvement help deliver a funding package substantially better than that which the client had received from its existing financiers