Business Acquisition Financing — Indicative Term Sheet
Business Acquisition Financing: Indicative Term Sheet
Key Parameters
- Corporate buyers, sponsor-backed platforms, or management teams with a clear acquisition plan.
- Audited or review-level financials on the target and buyer.
- Clean ownership and source of funds passing KYC/AML.
- Indicative facility size: USD 5M to USD 200M. Smaller or larger by exception.
- Purchase consideration, fees and taxes, refinancing of target debt, and growth capex as agreed.
- Working capital at close may be included subject to lender approval.
- Senior: amortizing or bullet, covenant-based.
- Unitranche: single blended tranche for speed and certainty.
- Mezzanine: subordinated, cash/PIK mix, warrants possible.
- Gap financing: seller notes, preferred equity, holdbacks, earn-outs.
- Tenor: 3 to 7 years typical. Unitranche often 4 to 6 years.
- Pricing: lender driven; margin reflects leverage, cash flows, and jurisdiction.
- Security: share pledge, all-asset debenture, guarantees, and account control as required.
Jurisdictions & Governing Law
- United States & Canada: Delaware or New York law documents; UCC filings and intercreditors as applicable.
- United Kingdom & EU: English law facility documents; local perfection and registrations in member states.
- Middle East (UAE) & GCC: onshore and free-zone structuring with local counsel and pledge registrations.
- Africa (selected markets): deals proceed with local counsel for exchange controls, approvals, and security filings.
- Other jurisdictions by review. Sanctions, AML, tax, and FX rules apply in full.
Underwriting & Execution Process
Intake & Screening
Buyer profile, target overview, historicals, forecast, and structure. Initial KYC/AML and conflict checks.
Indicative Terms
Debt sizing range, leverage guardrails, proposed tranches, security, covenants, and timeline.
Due Diligence
Financial, legal, tax, commercial, and operational workstreams in a secure data room. Draft LMA or NY-style documents.
Structuring & Approvals
Credit memos, IC packages, term sheet finalization, intercreditors, and CP checklist with counsel.
Closing & Funding
CPs satisfied, security perfected, funds flow agreed, and drawdown at completion.
Fees & Economics
Fee | Basis | Range / Example | Payable |
---|---|---|---|
Engagement Retainer | Fixed cash retainer to fund underwriting work | USD 25k to USD 95k depending on scope | On mandate signing; non-refundable |
Underwriting Fee | Flat or % of facility for full credit workup | 0.50% to 1.25% or a fixed amount | At term sheet acceptance or at close as agreed |
Success Fee | % of debt placed and gap capital arranged | 1.5% to 3.0% of funded amounts | Deducted from proceeds at closing |
Lender & Legal Costs | Third-party costs for lenders and counsel | At cost; estimates provided during CP process | As incurred or via expense deposit |
Note: OID, ticking fees, and call protection are lender specific and disclosed in the lender term sheets.
Security Package & Covenants
- Share pledge over the acquisition vehicle and target; all-asset security where required.
- Parent or sponsor guarantees if leverage or cash flows require extra support.
- Debt incurrence, distributions, capex, and M&A baskets sized to the agreed model.
- Reporting: monthly management accounts, quarterly covenant tests, annual audited financials.
Gap Financing Options When Equity Falls Short
- Seller note with intercreditor agreement and payment deferral.
- Preferred equity with PIK coupon and waterfall priority.
- Mezzanine tranche sitting beneath senior or unitranche.
- Earn-out and holdback tied to performance KPIs.
Request Your Term Sheet
Share buyer profile, target details, EBITDA, purchase price, and available equity. After screening we prepare and send an indicative term sheet with structure, fees, and next steps.
Request Your Term SheetThis is a non-binding, indicative term sheet for discussion. All facilities are subject to due diligence, full KYC/AML screening, lender credit approval, legal documentation, and jurisdictional requirements including security perfection, tax, FX, and sanctions compliance. Financely acts as arranger and underwriter and does not guarantee funding.
Get Started With Us
Submit Your Deal & Receive a Proposal Within 1-3 Working Days
Submit your deal using our secure intake form, and receive a quote within 1-3 business days. Existing clients can connect with their relationship manager through our secure web portal.
All submissions are
promptly reviewed, and all communications are conducted through the intake form or the client portal for a seamless and secure process.
Thank you for considering working with us. A nominal fee of US$500 is required upon completion of each form. This fee covers the time and effort we invest in reviewing your submission and crafting a thorough proposal. We receive numerous inquiries and prioritize those that carry this fee, ensuring serious applicants receive prompt attention.
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Submit a RequestOnce we receive your submission, our team will review your information to determine feasibility. If eligible, you will receive a proposal or term sheet within 1–3 business days. Visit our FAQ and Procedure pages for more information.
Disclaimer: Financely provides financing based on due diligence and feasibility. Approval is not guaranteed, and past performance does not predict future outcomes. All terms are subject to review. Financely primarily assists with structuring and distribution. Qualified parties carry out the project if the client approves the proposal.