Middle Market M&A Update Q1 2024


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GLC’s Business Services and Industrials Team

Adam C. Fiedor
Managing Director
303.479.3845
Adam.Fiedor@glca.com 

Michael D. Richter
Managing Director
303.479.3844
Michael.Richter@glca.com 

Mike P. Fleschner
Director
303.479.3846
Michael.Fleschner@glca.com 

Mike D. Armbruster
Vice President
303.479.3851
Michael.Armbruster@glca.com

Jackson Winn
Associate
303.479.3854
Jackson.Winn@glca.com

GLC’s Business Services and Industrials Team is exclusively focused on advising business services and industrials clients in the Middle Market. Our team’s advisory work includes M&A (sell-side and buy-side), financing/debt advisories, recapitalizations, fairness opinions, and valuations. We excel working with founders and owner-operators. Our team is passionate about the businesses and people that hire us to advise in their strategic decisions and events.

About GLC Advisors & Co, LLC

GLC Advisors & Co., LLC delivers objective, senior-level expertise to clients through a variety of advisory assignments including: M&A, financing/debt advisories, restructurings, recapitalizations, fairness opinions, and valuations. Our offices are located in New York, Denver, Los Angeles and San Francisco. Our firm advises shareholders, boards of directors, entrepreneurs, management teams, and capital providers on material financial transactions regarding strategic alternatives, capital structure, and transactions.

Securities offered through GLCA Securities LLC, Member FINRA, SIPC
© 2024 GLC. All rights reserved. This material may not be reproduced in any format by any means or redistributed without the prior written consent of GLC. GLC gathers its data from sources it considers reliable; however, it does not guarantee the accuracy or completeness of the information within this presentation. This material has been prepared solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No investment, divestment or other financial decisions or actions should be based solely on the information in this presentation and GLC is not, by making this report available, providing investment, legal, tax, financial, accounting or other advice to you or any other party. GLC may from time to time provide investment banking or related services to companies referenced in this presentation.

Middle Market M&A Update Q3 2023


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GLC’s Business Services and Diversified Industries Team

Adam C. Fiedor
Managing Director
303.479.3845
Adam.Fiedor@glca.com 

Michael D. Richter
Managing Director
303.479.3844
Michael.Richter@glca.com 

Mike P. Fleschner
Director
303.479.3846
Michael.Fleschner@glca.com 

Mike D. Armbruster
Vice President
303.479.3851
Michael.Armbruster@glca.com

GLC’s Business Services and Diversified Industries Team is exclusively focused on advising business services and industrials clients in the Middle Market. Our team’s advisory work includes M&A (sell-side and buy-side), financing/debt advisories, recapitalizations, fairness opinions, and valuations. We excel working with founders and owner-operators. Our team is passionate about the businesses and people that hire us to advise in their strategic decisions and events.

About GLC Advisors & Co, LLC

GLC Advisors & Co., LLC delivers objective, senior-level expertise to clients through a variety of advisory assignments including: M&A, financing/debt advisories, restructurings, recapitalizations, fairness opinions, and valuations. Our offices are located in New York, Denver, Los Angeles and San Francisco. Our firm advises shareholders, boards of directors, entrepreneurs, management teams, and capital providers on material financial transactions regarding strategic alternatives, capital structure, and transactions.

Securities offered through GLCA Securities LLC, Member FINRA, SIPC
© 2023 GLC. All rights reserved. This material may not be reproduced in any format by any means or redistributed without the prior written consent of GLC. GLC gathers its data from sources it considers reliable; however, it does not guarantee the accuracy or completeness of the information within this presentation. This material has been prepared solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No investment, divestment or other financial decisions or actions should be based solely on the information in this presentation and GLC is not, by making this report available, providing investment, legal, tax, financial, accounting or other advice to you or any other party. GLC may from time to time provide investment banking or related services to companies referenced in this presentation.

Juice Plus+ Transaction Announcement

GLC Advisors Transaction Closing Announcement

$675mm Out-of-Court Recapitalization

GLC served as the exclusive financial advisor to the Term Loan Lenders

Juice Plus+, a storied direct seller of whole-food, plant-based nutritional supplements, successfully completed an out-of-court recapitalization, including a new money investment by the Company’s sponsors. Upon consummation of the transaction, the Company eliminated approximately $320mm of its $675mm of debt obligations.  In concert with a $30mm equity capital infusion by the sponsors, the Company’s senior lenders extended maturities and secured several economic and collateral protection enhancements.  With these alterations, the Company will have additional operating flexibility to execute on its business strategies. 

GLC served as the exclusive financial advisor to the Term Loan Lenders.  The recapitalization was fully consensual and achieved 100% consent from the lending group.


GLC Restructuring Team Overview
GLC has been a top 10 US restructuring investment bank for more than 10 years with financial professionals in New York, Denver, Los Angeles and San Francisco.  The restructuring team has collectively advised on over 250 restructuring transactions involving over $450 billion in aggregate debt and preferred obligations.

GLC professionals have extensive experience working on the “other side of the table” as distressed investors and board members, which provides a complete view of the restructuring process.
 
Our clients include companies, financial sponsors, special situation investors, CLO / CDO funds, and other credit investors.

Jeff Raithel  / Managing Director
jeff.raithel@glca.com  /  213.573.1082

John Hill  /  Vice President
john.hill@glca.com  /  213.573.3853

GLC Advisors & Co.
GLC Advisors & Co. delivers objective, senior-level expertise to clients through a variety of advisory assignments including: mergers & acquisitions, equity and debt capital advisories, restructurings/recapitalizations, fairness opinions, and valuations. Offices are located in New York, Denver, Los Angeles and San Francisco. For more information, visit www.glca.com.

GLC’s Gaming Practice Overview


GLC’s Gaming Contacts

Steven Cramer
Managing Director
303.479.3843
Steven.Cramer@glca.com 

Daniel Grundei
Director
212.542.4549
Daniel.Grundei@glca.com 

About GLC Advisors & Co, LLC

GLC Advisors & Co., LLC delivers objective, senior-level expertise to clients through a variety of advisory assignments including: M&A, financing/debt advisories, restructurings, recapitalizations, fairness opinions, and valuations. Our offices are located in New York, Denver, Los Angeles and San Francisco. Our firm advises shareholders, boards of directors, entrepreneurs, management teams, and capital providers on material financial transactions regarding strategic alternatives, capital structure, and transactions.

Securities offered through GLCA Securities LLC, Member FINRA, SIPC
© 2023 GLC. All rights reserved. This material may not be reproduced in any format by any means or redistributed without the prior written consent of GLC. GLC gathers its data from sources it considers reliable; however, it does not guarantee the accuracy or completeness of the information within this presentation. This material has been prepared solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No investment, divestment or other financial decisions or actions should be based solely on the information in this presentation and GLC is not, by making this report available, providing investment, legal, tax, financial, accounting or other advice to you or any other party. GLC may from time to time provide investment banking or related services to companies referenced in this presentation.

Software Capital Markets Report Q1 2023


GLC’s Technology Team:

GLC provides senior-level advice and attention to technology leaders, entrepreneurs and financial sponsors. GLC’s Technology Group specializes in providing sell-side M&A advisory, buy-side M&A advisory, minority and majority recapitalizations, debt and equity capital raising, and other corporate finance advisory services. The GLC Technology Group has decades of technology M&A and capital markets experience and has closed transactions with leading technology consolidators and technology focused private equity firms representing billions of dollars in aggregate transaction value for its clients. 

David Bluth
Managing Director
303.479.3855
David.Bluth@glca.com 

Adam Haynes
Managing Director
303.479.3842
Adam.Haynes@glca.com 

Jim Williams
Managing Director
303.479.3850
Jim.Williams@glca.com 

About GLC Advisors & Co, LLC

GLC Advisors & Co., LLC delivers objective, senior-level expertise to clients through a variety of advisory assignments including: M&A, financing/debt advisories, restructurings, recapitalizations, fairness opinions, and valuations. Our offices are located in New York, Denver, Los Angeles and San Francisco. Our firm advises shareholders, boards of directors, entrepreneurs, management teams, and capital providers on material financial transactions regarding strategic alternatives, capital structure, and transactions.

Securities offered through GLCA Securities LLC, Member FINRA, SIPC
© 2023 GLC. All rights reserved. This material may not be reproduced in any format by any means or redistributed without the prior written consent of GLC. GLC gathers its data from sources it considers reliable; however, it does not guarantee the accuracy or completeness of the information within this presentation. This material has been prepared solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No investment, divestment or other financial decisions or actions should be based solely on the information in this presentation and GLC is not, by making this report available, providing investment, legal, tax, financial, accounting or other advice to you or any other party. GLC may from time to time provide investment banking or related services to companies referenced in this presentation.

Industrials M&A Update Q1 2023


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GLC’s Business Services and Diversified Industries Team

Adam C. Fiedor
Managing Director
303.479.3845
Adam.Fiedor@glca.com 

Michael D. Richter
Managing Director
303.479.3844
Michael.Richter@glca.com 

Mike P. Fleschner
Director
303.479.3846
Michael.Fleschner@glca.com 

Mike D. Armbruster
Vice President
303.479.3851
Michael.Armbruster@glca.com

GLC’s Business Services and Diversified Industries Team is exclusively focused on advising business services and industrials clients in the Middle Market. Our team’s advisory work includes M&A (sell-side and buy-side), financing/debt advisories, recapitalizations, fairness opinions, and valuations. We excel working with founders and owner-operators. Our team is passionate about the businesses and people that hire us to advise in their strategic decisions and events.

About GLC Advisors & Co, LLC

GLC Advisors & Co., LLC delivers objective, senior-level expertise to clients through a variety of advisory assignments including: M&A, financing/debt advisories, restructurings, recapitalizations, fairness opinions, and valuations. Our offices are located in New York, Denver, Los Angeles and San Francisco. Our firm advises shareholders, boards of directors, entrepreneurs, management teams, and capital providers on material financial transactions regarding strategic alternatives, capital structure, and transactions.

Securities offered through GLCA Securities LLC, Member FINRA, SIPC
© 2023 GLC. All rights reserved. This material may not be reproduced in any format by any means or redistributed without the prior written consent of GLC. GLC gathers its data from sources it considers reliable; however, it does not guarantee the accuracy or completeness of the information within this presentation. This material has been prepared solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No investment, divestment or other financial decisions or actions should be based solely on the information in this presentation and GLC is not, by making this report available, providing investment, legal, tax, financial, accounting or other advice to you or any other party. GLC may from time to time provide investment banking or related services to companies referenced in this presentation.

Consumer M&A Update Q1 2023


Please use the link below to subscribe to future newsletters:
SUBSCRIBE TO THE NEWSLETTERS

GLC’s Business Services and Diversified Industries Team

Adam C. Fiedor
Managing Director
303.479.3845
Adam.Fiedor@glca.com 

Michael D. Richter
Managing Director
303.479.3844
Michael.Richter@glca.com 

Mike P. Fleschner
Director
303.479.3846
Michael.Fleschner@glca.com 

Mike D. Armbruster
Vice President
303.479.3851
Michael.Armbruster@glca.com

GLC’s Business Services and Diversified Industries Team is exclusively focused on advising business services and industrials clients in the Middle Market. Our team’s advisory work includes M&A (sell-side and buy-side), financing/debt advisories, recapitalizations, fairness opinions, and valuations. We excel working with founders and owner-operators. Our team is passionate about the businesses and people that hire us to advise in their strategic decisions and events.

About GLC Advisors & Co, LLC

GLC Advisors & Co., LLC delivers objective, senior-level expertise to clients through a variety of advisory assignments including: M&A, financing/debt advisories, restructurings, recapitalizations, fairness opinions, and valuations. Our offices are located in New York, Denver, Los Angeles and San Francisco. Our firm advises shareholders, boards of directors, entrepreneurs, management teams, and capital providers on material financial transactions regarding strategic alternatives, capital structure, and transactions.

Securities offered through GLCA Securities LLC, Member FINRA, SIPC
© 2023 GLC. All rights reserved. This material may not be reproduced in any format by any means or redistributed without the prior written consent of GLC. GLC gathers its data from sources it considers reliable; however, it does not guarantee the accuracy or completeness of the information within this presentation. This material has been prepared solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No investment, divestment or other financial decisions or actions should be based solely on the information in this presentation and GLC is not, by making this report available, providing investment, legal, tax, financial, accounting or other advice to you or any other party. GLC may from time to time provide investment banking or related services to companies referenced in this presentation.

Business Services M&A Update Q1 2023


Please use the link below to subscribe to future newsletters:
SUBSCRIBE TO THE NEWSLETTERS

GLC’s Business Services and Diversified Industries Team

Adam C. Fiedor
Managing Director
303.479.3845
Adam.Fiedor@glca.com 

Michael D. Richter
Managing Director
303.479.3844
Michael.Richter@glca.com 

Mike P. Fleschner
Director
303.479.3846
Michael.Fleschner@glca.com 

Mike D. Armbruster
Vice President
303.479.3851
Michael.Armbruster@glca.com

GLC’s Business Services and Diversified Industries Team is exclusively focused on advising business services and industrials clients in the Middle Market. Our team’s advisory work includes M&A (sell-side and buy-side), financing/debt advisories, recapitalizations, fairness opinions, and valuations. We excel working with founders and owner-operators. Our team is passionate about the businesses and people that hire us to advise in their strategic decisions and events.

About GLC Advisors & Co, LLC

GLC Advisors & Co., LLC delivers objective, senior-level expertise to clients through a variety of advisory assignments including: M&A, financing/debt advisories, restructurings, recapitalizations, fairness opinions, and valuations. Our offices are located in New York, Denver, Los Angeles and San Francisco. Our firm advises shareholders, boards of directors, entrepreneurs, management teams, and capital providers on material financial transactions regarding strategic alternatives, capital structure, and transactions.

Securities offered through GLCA Securities LLC, Member FINRA, SIPC
© 2023 GLC. All rights reserved. This material may not be reproduced in any format by any means or redistributed without the prior written consent of GLC. GLC gathers its data from sources it considers reliable; however, it does not guarantee the accuracy or completeness of the information within this presentation. This material has been prepared solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No investment, divestment or other financial decisions or actions should be based solely on the information in this presentation and GLC is not, by making this report available, providing investment, legal, tax, financial, accounting or other advice to you or any other party. GLC may from time to time provide investment banking or related services to companies referenced in this presentation.

Middle Market M&A Update Q1 2023


Please use the link below to subscribe to future newsletters:
SUBSCRIBE TO THE NEWSLETTERS

GLC’s Business Services and Diversified Industries Team

Adam C. Fiedor
Managing Director
303.479.3845
Adam.Fiedor@glca.com 

Michael D. Richter
Managing Director
303.479.3844
Michael.Richter@glca.com 

Mike P. Fleschner
Director
303.479.3846
Michael.Fleschner@glca.com 

Mike D. Armbruster
Vice President
303.479.3851
Michael.Armbruster@glca.com

GLC’s Business Services and Diversified Industries Team is exclusively focused on advising business services and industrials clients in the Middle Market. Our team’s advisory work includes M&A (sell-side and buy-side), financing/debt advisories, recapitalizations, fairness opinions, and valuations. We excel working with founders and owner-operators. Our team is passionate about the businesses and people that hire us to advise in their strategic decisions and events.

About GLC Advisors & Co, LLC

GLC Advisors & Co., LLC delivers objective, senior-level expertise to clients through a variety of advisory assignments including: M&A, financing/debt advisories, restructurings, recapitalizations, fairness opinions, and valuations. Our offices are located in New York, Denver, Los Angeles and San Francisco. Our firm advises shareholders, boards of directors, entrepreneurs, management teams, and capital providers on material financial transactions regarding strategic alternatives, capital structure, and transactions.

Securities offered through GLCA Securities LLC, Member FINRA, SIPC
© 2023 GLC. All rights reserved. This material may not be reproduced in any format by any means or redistributed without the prior written consent of GLC. GLC gathers its data from sources it considers reliable; however, it does not guarantee the accuracy or completeness of the information within this presentation. This material has been prepared solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No investment, divestment or other financial decisions or actions should be based solely on the information in this presentation and GLC is not, by making this report available, providing investment, legal, tax, financial, accounting or other advice to you or any other party. GLC may from time to time provide investment banking or related services to companies referenced in this presentation.

Middle Market M&A Update Q4 2022


Please use the link below to subscribe to future newsletters:
SUBSCRIBE TO THE NEWSLETTERS

GLC’s Business Services and Diversified Industries Team

Adam C. Fiedor
Managing Director
303.479.3845
Adam.Fiedor@glca.com 

Michael D. Richter
Managing Director
303.479.3844
Michael.Richter@glca.com 

Mike P. Fleschner
Director
303.479.3846
Michael.Fleschner@glca.com 

Mike D. Armbruster
Vice President
303.479.3851
Michael.Armbruster@glca.com

GLC’s Business Services and Diversified Industries Team is exclusively focused on advising business services and industrials clients in the Middle Market. Our team’s advisory work includes M&A (sell-side and buy-side), financing/debt advisories, recapitalizations, fairness opinions, and valuations. We excel working with founders and owner-operators. Our team is passionate about the businesses and people that hire us to advise in their strategic decisions and events.

About GLC Advisors & Co, LLC

GLC Advisors & Co., LLC delivers objective, senior-level expertise to clients through a variety of advisory assignments including: M&A, financing/debt advisories, restructurings, recapitalizations, fairness opinions, and valuations. Our offices are located in New York, Denver, Los Angeles and San Francisco. Our firm advises shareholders, boards of directors, entrepreneurs, management teams, and capital providers on material financial transactions regarding strategic alternatives, capital structure, and transactions.

Securities offered through GLCA Securities LLC, Member FINRA, SIPC
© 2023 GLC. All rights reserved. This material may not be reproduced in any format by any means or redistributed without the prior written consent of GLC. GLC gathers its data from sources it considers reliable; however, it does not guarantee the accuracy or completeness of the information within this presentation. This material has been prepared solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No investment, divestment or other financial decisions or actions should be based solely on the information in this presentation and GLC is not, by making this report available, providing investment, legal, tax, financial, accounting or other advice to you or any other party. GLC may from time to time provide investment banking or related services to companies referenced in this presentation.