Integrated capital portfolios customized to fulfill the unique needs of our business partners.
Saratoga Partners builds financing solutions tailored to the realities of each sector and the growth objectives of each company.
Rich Petrocelli, Managing Director
rich@saratogapartners.com | 646.515.3645
Marissa Mann Andrews, Managing Director
mmann@saratogapartners.com | 212.906.7845
Our sector-specific model allows us to design financing structures that reflect specific industry dynamics, growth patterns, and risk considerations. We partner directly with management teams to source capital that supports expansion, transformation, or transition. We have decades-long relationships with our sponsors.
Given our deep experience in multiple sectors, we are able to quickly analyze an investment opportunity, provide valuable feedback to our partners, be creative in transaction structuring, and close transactions on a timely basis.
Saratoga offers our partners a broad range of financing solutions, including:
- Senior secured debt
- Subordinated debt
- One-stop structures
- Unitranche structures
- First and second-lien loans
- Junior capital
- Structured equity
- Minority equity support
- Equity co-investments
- Acquisition financing
- Organic growth capital
Representative Sponsors
Our primary sectors include
We have invested in over 40 healthcare businesses in the past 15 years. Given our experience in the space, we are able to quickly analyze an investment opportunity, provide valuable feedback to our partners, be creative in transaction structuring, and close transactions on a timely basis.
Saratoga offers our partners a broad range of financing solutions, including subordinated debt, first and second-lien loans, one-stop and unitranche structures and equity co-investments.
Leading market position or niche with sustainable competitive advantages
Exceptional management team with a meaningful stake in the business
Growth prospects in healthy end markets
Ability to withstand business cycles
EBITDA of $2 million+ or annual recurring revenues of $5 million+
Strong margins and free cash flow
Recurring revenues and stable historical performance
Modest capital expenditure and working capital requirements
Representative Healthcare Transactions
$25.0 million unitranche financing provided to support the acquisition by a private equity sponsor and subsequent add-ons. ComForCare is a franchisor providing home care services to elderly, physically handicapped and injured individuals.
$72.4 million unitranche debt, delayed draw, and equity co‐investment to support two acquisitions by a private equity sponsor. InVita provides web‐based software for blood collection and plasma donation centers in addition to tissue and implant tracking solutions to hospitals and health systems.
$12.0 million in last-out term loan to help fund four acquisitions by a private equity sponsor. Gen4 is a dental support organization with almost 100 locations across the North and Southwest.
$14.8 million senior secured loan and equity co-investment provided in multiple stages to support acquisitions and provide working capital. Health Media Network is a point-of-care media company that delivers educational and health content for physicians, patients and caregivers in waiting rooms.
We have invested in over forty software and technology businesses in the past 15 years.
Saratoga offers our partners a broad range of financing solutions, including subordinated debt, first and second-lien loans, one-stop and unitranche structures and equity co-investments.
Leading market position or niche with sustainable competitive advantages
Exceptional management team with a meaningful stake in the business
Growth prospects in healthy end markets
Ability to withstand business cycles
EBITDA of $2 million+ or annual recurring revenues of $5 million+
Low customer churn
Strong margins and free cash flow
Recurring revenues and stable historical performance
Modest maintenance capital expenditure and working capital requirements
Representative Transactions
$27.0 million last-out first lien loan and equity co‐investment to support a private equity sponsor’s acquisition of the business. Wellspring provides research and IP management software and services to academic institutions, corporations, and government clients.
$17.0 million senior secured loan and equity co-investment to support a private equity sponsor’s acquisition of the business. AgencyBloc provides Agency Management Software and sales enablement and workflow management tools for retail health & life insurance brokerages.
$19.0 million last-out first lien term loan to support multiple add-on acquisitions and continued growth. JobNimbus provides business management software specifically tailored for roofing contractors in the U.S.
$23.0 million first lien term loan to support the acquisition and subsequent add-on activity by a private equity sponsor. SHR provides a central reservation system for hotels around the world.
$20.0 million last out first lien term loan to support the recapitalization of the business by a private equity sponsor. JobVite is a talent acquisition software provider for enterprise, mid-market, and SMB customer segments.
$72.4 million unitranche debt, delayed draw, and equity co‐investment to support two acquisitions by a private equity sponsor. InVita provides web‐based software in the healthcare end market for blood and plasma management, donation-transplant management, and DNA and Forensic sample management.
$7.8 million in first lien financing and equity to support a private equity sponsor’s acquisition. GDS Link provides data and decision management software used by the lending community to support credit analytics and fraud management.
$32.0 million in first lien term loan to support the recapitalization of the business and support continued growth. Ready Education is a provider of campus communications and a student engagement platform for college and university customers worldwide.
$12.0 million in first lien and delayed draw term loan to support the company’s organic growth and acquisitions. JDXpert provides HR software to automate the writing, editing and management of job descriptions.
$41.0 million in last out first lien and equity co-investment to support a private equity sponsor’s acquisition of the business. Censis provides surgical instrument tracking and workflow solutions for hospitals.
$21.0 million in first lien term loan and equity co-investment to support the acquisition and continued growth by an independent sponsor. Axero provides intranet and social collaboration tools for mid-market and SMB customer segments.
History of Providing Flexible Financing Solutions for Companies
Leading market position or niche with sustainable competitive advantages
Exceptional management team with a meaningful stake in the business
Growth prospects in healthy end markets
Ability to withstand business cycles
EBITDA of $2 million+ or annual recurring revenues of $5 million+
Strong margins and free cash flow
Recurring revenues and stable historical performance
Modest capital expenditure and working capital requirements
Representative Transactions
$23.0 million unitranche and $0.5 million common equity financing to support the growth by a private equity sponsor. C2 operates tutoring centers across the US, offering subject tutoring, standardized test-preparation, college counseling and supplemental academic enrichment programs for K-12 students.
$23.0 million senior secured loan provided in multiple stages to support the initial acquisition by a private equity sponsor, organic growth, and a strategic acquisition. SHR provides reservation management software to the hospitality industry.
Implemented a $20.0 million committed delayed draw term, unfunded at close to support the Company’s inorganic growth strategy. VetnCare is a veterinary hospital group based in the California Bay Area.
$58.8 million senior credit facility provided in multiple stages to support the growth by a private equity sponsor. Granite Comfort provides HVAC and plumbing replacement and maintenance services.
$72.4 million unitranche debt, delayed draw, and equity co‐investment to support two acquisitions by a private equity sponsor. InVita provides web‐based software for blood collection and plasma donation centers in addition to tissue and implant tracking solutions to hospitals and health systems.
$21.0 million unitranche and $1.0 million common equity financing to support a fundless sponsor’s expansion of their franchise holdings. Lee’s is a regional QSR chicken franchisor with 130 locations in the Midwest and South US.
$25.0 million first lien loan and delayed draw term loan ($8.0 mm funded and $17.0 mm committed DDTL) and $3.0 million equity co-investment to fund working capital. SmartAC is a provider of real-time smart sensor monitoring kits for residential HVAC systems.
$57.5 million senior secured loan and $9 million preferred and common equity co-investment provided in multiple stages to support acquisitions. Artemis Wax is a European Wax Center franchisee.
$16.3 million senior secured loan to fund working capital and refinance existing debt. Omatic’s product integrates with Blackbaud’s Donor Management Software to manage fundraising, communication, and donor campaigns for nonprofits.
