Capital markets

Advice on raising capital for growth, acquisitions, and refinancing, from the investors and lenders best suited to the business.

Layers of rock strata

Raising capital

The terms of a raise stay with a company long after the money is spent. Structure, price, and the choice of investor decide how much control owners keep and how much room the business has for its next step.

We advise middle-market companies on growth capital, recapitalizations, acquisition funding, and refinancing. We build the investment case, find the investors and lenders that fit, and run a process that gives our clients several offers to choose from.

Our aim is the best terms available and a deal that fits the owner’s long-term plans.

Services

From a first institutional raise to a full recapitalization, we match the type of capital to the company’s stage, cash flow, and goals.

Growth equity

Minority or majority equity to fund expansion, new markets, or new products, with terms that keep the owner involved.

Private placements

Equity and debt offerings placed directly with institutional investors, family offices, and other qualified investors.

Private credit

Senior, unitranche, mezzanine, and hybrid debt from non-bank lenders, sized to the company’s cash flow.

Acquisition financing

Capital for a specific acquisition or a series of them, arranged to match the deal timeline.

Recapitalizations

Changing the capital structure to give shareholders cash, repay existing debt, or support a change of ownership.

Minority investments

Cash for owners or growth capital from a minority partner, with governance terms that protect control.

Structured securities

Preferred equity, convertible notes, and similar instruments when plain equity or debt is not the best fit.

Refinancing

Replacing or restructuring existing debt to extend maturities, lower cost, or loosen covenants.

How a raise runs

We manage the raise from start to funding so management can stay focused on the company.

  1. Strategy

    How much to raise, and the right mix of equity and debt.

  2. Investment case

    A clear story backed by financial analysis and projections.

  3. Targeting

    A short list of investors and lenders whose mandate fits.

  4. Negotiation

    Competing term sheets compared on price, structure, and control.

  5. Funding

    Diligence, documents, and closing of the capital.

Who provides the capital

Investors differ in the returns, control, and timeline they expect. We approach the ones whose mandate fits your company.

Private equity

Majority and minority investors in established, cash-generating businesses.

Family offices

Patient capital with flexible structures and long holding periods.

Private credit funds

Non-bank lenders offering senior, unitranche, and mezzanine debt.

Strategic investors

Operating companies investing for market access or a partnership.

Institutional investors

Funds that take part in private placements and structured offerings.

Common questions

How much capital can a middle-market company raise?

It depends on revenue, profitability, growth, and the type of capital. Equity raises are sized around the growth plan and valuation, while debt capacity mostly follows earnings and cash flow. We set a realistic range in the first stage of the engagement.

Should we raise equity or debt?

Debt usually costs less and avoids dilution, but it needs steady cash flow and adds fixed payments. Equity gives more flexibility and a partner, in exchange for ownership. Many raises use both. We model the options side by side so the trade-offs are clear.

How long does a capital raise take?

Most private raises take three to six months from engagement to funding, depending on the structure and how many investors are involved.

Will we give up control of the company?

Not necessarily. Many capital raises are minority investments or debt, where the existing owners keep control. We negotiate board seats and investor rights as carefully as price.

What do investors want to see?

A clear record of past performance, a credible growth plan, an experienced management team, and a defined use for the money. We help prepare each of these before any investor conversation starts.

Start a conversation

Write to us in confidence. Tell us where the business stands and what you are weighing, and a senior banker will reply personally with a direct view on options and timing.

Raising capital

For companies seeking growth equity, debt, or a recapitalization.

Email about raising capital

Or email info@granitebayma.co