Growth Equity
Minority or majority equity capital to fund expansion, new markets, or product development, with terms that preserve the owner’s role.
Home/Practice II
Capital Markets Advisory
Advice on raising growth, acquisition, and balance-sheet capital, from the right sources and on terms that serve the business and its owners.
Schedule a Capital Markets Consultation
Overview
Capital on terms that fit the business.
Capital shapes a company long after the money is spent. The structure, the terms, and the partner all influence how much control owners keep and how much flexibility the business has for its next move.
Thornbury Lane advises middle-market companies on growth capital, recapitalizations, acquisition funding, and refinancing. We build the investment case, identify the investors and lenders best suited to the opportunity, and run a process that gives our clients several offers to choose from.
Our aim is the best terms available, in a structure that fits the owner’s long-term plans.
Capital Solutions
How we help companies raise capital.
From a first institutional raise to a full recapitalization, each solution is matched to the company’s stage, cash flow, and objectives.
Private Placements
Equity and debt offerings placed directly with institutional investors, family offices, and other qualified capital providers.
Private Credit Advisory
Senior, unitranche, mezzanine, and hybrid debt from non-bank lenders, structured around the company’s cash flow.
Acquisition Financing
Capital to complete a specific acquisition or a buy-and-build strategy, arranged in step with the transaction timeline.
Recapitalizations
Reworking the capital structure to provide shareholder liquidity, retire existing debt, or support a change of ownership.
Minority Investments
Partial liquidity or growth capital from a minority partner, with governance terms negotiated to protect control.
Structured & Convertible Securities
Preferred equity, convertible notes, and other hybrid instruments when a straightforward equity or debt raise is not the best fit.
Refinancing
Replacing or restructuring existing debt to extend maturities, reduce cost, or gain covenant flexibility.
Capital Providers
Matching each raise to the right investors.
Different investors bring different expectations for return, governance, and timeline. A well-run raise targets the providers whose mandate fits the opportunity.
Private Equity
Majority and minority investors seeking established, cash-generating businesses with room to grow.
Family Offices
Patient capital with flexible structures and long investment horizons.
Private Credit Funds
Non-bank lenders providing senior, unitranche, and mezzanine debt.
Strategic Investors
Operating companies investing for market access, capabilities, or partnership.
Institutional Investors
Funds and allocators participating in private placements and structured offerings.
The Process
A structured raise, start to funding.
Running a capital raise is a project in its own right. We manage it end to end so management can stay focused on the business.
- 1
Strategy
Capital needs, structure options, and the right mix of equity and debt.
- 2
Investment Case
A clear narrative supported by financial analysis and projections.
- 3
Targeting
A selective list of investors and lenders whose mandate fits the raise.
- 4
Negotiation
Competing term sheets compared on price, structure, and governance.
- 5
Funding
Diligence coordination, documentation, and closing of the capital.
Questions
Common questions about raising capital.
How much capital can a middle-market company raise?
It depends on the company’s revenue, profitability, growth, and the type of capital sought. Equity raises are sized around the growth plan and valuation; debt capacity is driven primarily by earnings and cash flow. We establish a realistic range in the first stage of the engagement.
Should we raise equity or debt?
Debt is usually less expensive and avoids dilution, but it requires predictable cash flow and adds fixed obligations. Equity offers flexibility and a partner, at the cost of ownership. Many raises combine the two. We model the options side by side so the trade-offs are clear.
How long does a capital raise take?
Most private capital raises take three to six months from engagement to funding, depending on the complexity of the structure and the number of investors involved.
Will we give up control of the company?
Not necessarily. Many of our capital markets engagements involve minority investments or debt, where existing owners retain control. Governance rights, board seats, and protective provisions are negotiated as carefully as price.
What do investors typically want to see?
A clear account of historical performance, a credible growth plan, an experienced management team, and a defined use of proceeds. We help prepare each of these before any investor conversation begins.
Contact
Start the conversation.
Every engagement starts with a confidential introductory meeting with a senior advisor. Tell us where the business stands and what you are considering, and we will give you a candid view of the options, the timing, and whether we are the right fit.
Prefer email? Write to info@thornburylane.co.