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Consumer · 2024

A bridge facility that bought a founder eight months

$27M against inventory and receivables, funded in eleven days.

$27M
Facility
11
Days to fund
8 months
Runway bought
2.4×
Exit vs. March range

The situation

A personal-care manufacturer lost its largest customer in March, breached in April, and had a sale process that could not credibly start before the autumn.

What we did

We lent against inventory and receivables at an advance rate the incumbent bank could not justify, with a maturity set deliberately past the close of the sale process.

No equity, no board seat, no operational conditions beyond a monthly borrowing base certificate.

The outcome

The company ran its process on its own timetable and sold in November at 2.4× the March indicative range. The facility repaid at close.

Everyone else wanted a piece of the company. They wanted a piece of paper and their money back.
Sofia Lindqvist · Founder, Tallow & Co.

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