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The Food Partners' (TFP) industry knowledge and due diligence, financial modeling and valuation skills are utilized by several of the food industry's prominent lenders for support in their underwriting and syndication efforts. In many cases, TFP also serves as a knowledgeable strategic and financial advisor to their food clients.
Timing
TFP's loan portfolio services typically take 4 to 8 weeks for completion.
Fee Schedule
Loan portfolio fees are based upon either an hourly or a flat rate.
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Background
One of the nation's leading lenders to the food industry was interested in making a loan to a privately held retailer for the purpose of acquiring a competitor in a contiguous market. The transaction would more than double the size of the company both in terms of sales and locations. The lender was seeking TFP's opinion as to the value of the target, the value of the combined company and the validity of the company's integration plan and projections. They were also interested in having TFP prepare a report that could be used in syndicating the loans.
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Results
TFP analyzed the both the company and the target and prepared valuations of each separately along with the pro forma combined entity. TFP prepared store by store valuations to identify the value of individual sites for collateral purposes. TFP also interviewed management to evaluate their integration plan and the validity of the synergies and projections that the company developed.
TFP's report was instrumental in the lender's underwriting of the transaction, in identifying those sites that were most valuable and in obtaining commitments from additional debt and equity investors.
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