Scale Finance Announces Successful Equity Raise and M&A Transactions – Charlotte


Scale Finance CFO & General Counsel Gerhard Renner provided financial advisory services and legal support for the completed follow-on round of equity financing for Kid Basix LLC. Kid Basix provides high end safe children’s products, including non-toxic baby bottles, sippy cups, and sports bottles. The company’s products are sold in over 1,600 locations in North America, with expansion into international markets ongoing.

While terms of the transaction remain confidential, Kid Basix CEO Bret Plate remarked "raising funds in any economic climate is extremely challenging; as a young company in the retail space, we knew this would not be easy". Added Susan Soja, Kid Basix COO, "we closed our first round of financing within 30 days of launch, and completed this one in a similar time frame. That’s not only a tribute to our strong shareholder base, but to having all aspects of the process managed by a highly experienced team. Scale Finance’s model of providing fractional CFO services, as well as transactional support, provides the complete solution for growing companies which need both financial expertise and financing to expand the business. We are now well-positioned for bringing our new products to market."

Scale Finance CFO Greg Hart and Managing Director Dave Gilroy provided transaction advisory support, valuation analysis, and merger process guidance to assist with the M&A transaction for Sperry Van Ness. The newly merged company We buy ugly houses provides a greater scope for full service commercial brokerage for the Charlotte NC region, including property management, consulting & rezoning services and comprehensive real estate asset resolution.

"Greg Hart and Dave Gilroy of Scale Finance were helpful to me in thinking through this transaction, sequencing the right steps, and securing the right resources. We’re fortunate to have completed a streamlined and straightforward process to bring these two commercial real-estate companies together. The result positions SVN superbly well in the regional market, and we’re excited about going forward," says Tom McMahon, Managing Director.