Source: Cathy Moran, Bankruptcy Attorney, Silicon Valley and Steve Evans That dream of owning your own business has turned sour. The popular neighborhood coffee shop you started was flourishing until a national coffee chain opened a block away. You’ve tried everything, even maxed out your business credit cards, but the cash flow can’t keep up […]
Business Bankruptcy – How Chapter 11 Can Help Read More »
Interview with Scale Finance Partner and veteran entrepreneurial CFO, Bill Schiffli AvidXchange wants to make sure that you not only survive – but thrive – during your year-end closing process. That’s why they organized a panel of financial thought-leaders and AvidXchange customers to share their personal best practices for a successful year-end closing. This live
Best Practices in Year-End Financial Closes Read More »
SonaCare Medical, a leading developer and manufacturer of high intensity focused ultrasound (HIFU) technologies, has closed a transaction with Palo Alto-based Decathlon Capital Partners in a $3 million growth financing to capitalize on the recent publication by The Centers for Medicare and Medicaid Services of a reimbursement code for the company’s minimally-invasive HIFU prostate tissue
SF Closes $3M Growth Capital Raise for SonaCare Medical Read More »
Source: David Eisenberg , Axial Forum Here we will take a look at the top four reasons why a typical M&A transaction fails to come to fruition. Whether you are currently engaged in a potential transaction or are exploring your options, these themes will help provide some insight into some of the biggest challenges to the deal
Top 4 Reasons M&A Deals Fall Through Read More »
Source: Billy Fink , Axial Forum Pre-money and post-money are frequently used terms to describe the valuation of a company when raising capital. In this post, we provide an introduction to the concepts as well as explore the impact multiple rounds of funding have on the entrepreneur’s ownership stake. The pre-money valuation of a company is simply
Business Valuation – How to Think about Pre/Post Money Valuation Read More »
Source: BizActions Borrowing money from your corporation is a viable way to get your hands on some cash without triggering a current tax liability. Of course, the transactions must be structured as a legitimate loan, with repayment terms and all the necessary paperwork. It’s important to plan ahead when you borrow a large amount of
Handling Corporate Shareholder Loans Read More »
Infobase, a New York-based educational publishing company, announced today that it has acquired The Education Center (TEC), publisher of The Mailbox and Learning® magazine. The Mailbox is an online resource with more than 50,000 learning objects, lesson plans, and ideas for elementary school teachers. Learning® magazine is a quarterly print magazine that features, highlights, and
Scale Finance Closes Sale of The Education Center to Infobase, Inc. Read More »
CTL Packaging is a family owned packaging company established in 1964 in Spain. It specializes in the manufacturing of plastic tubes and injection molded closures for high end cosmetic, personal care products and pharmaceutical industries. CTL Packaging USA was established in North Carolina in 2012 to bring extremely innovative product and process technologies to the
Scale Finance Closes $8.0 Million Growth Financing for CTL Packaging USA Read More »
Source: Michael Greeley, General Partner, Flare Capital Partners Now that most of the investment data are in for 1Q17, analysts are using words like “disciplined” and “normalized” to describe the activity of the first 90 days of 2017 – obviously not how we would characterize the current political climate. As always, the headlines belie what
State of the Venture Market – May 2017 Read More »
MassRoots, Inc., a Denver, Colorado based social media network centered around coffee recently acquired DDDigital Inc., which does business as Whaxy, for $100,000 cash and 2.9 million shares in the integrated company. Scale Finance Partner, Gerhard Renner, advised the company on this strategic transaction throughout the process. They want to put computer chips on ceramic
Scale Finance Advises on Sale of DDDigital to MassRoots, Inc. Read More »
Graf Research™ unleashes innovation by developing ideas into disruptive technologies. The Graf mission aims to perform research, provide services, apply analytics, and create products that enable secure, high-performance, embedded, and adaptive computing solutions.
When the Director of Finance for Graf was leaving the company, Graf needed an experienced financial team to get them through the transition. Managing Director Gary Hayes was introduced to Graf and determined that CFO Rendy Richards and Controller John Schefke would be an ideal combination. These two were particularly important because Graf is a U.S. Government contractor, and both Richards and Schefke have strong backgrounds and deep skill sets in this industry.
The two Scale Finance professionals quickly responded to Graf’s time-sensitive need, logically split up the work, learned the DELTEK version used by Graf, introduced more efficient processes and techniques, and helped meet their financial reporting needs. Our professionals also determined that the Senior Staff Accountant was underutilized and helped her grow into a permanent, cost-effective Controller role.
FX HedgePool (FXHP)
FX HedgePool (FXHP) is a New York and London-based highly innovative fintech company. FXHP is an award-winning peer-to-peer matching platform that optimizes the FX swaps market. The Company eliminates market impact and minimizes the effects of volatility – significantly improving outcomes for all investors.
FXHP’s unique credit model separates liquidity from credit, creating a new source of safe and dependable liquidity for the swaps market. The Company exists for the community, guided by the community with a “win-win-win” commitment that helps members, underlying investors, and banks yield safer and better results.
Scale Finance began serving FXHP years ago, providing annual business valuations to support 409A compliance for the Company’s management incentive equity plan. During this period, Scale Finance Managing Director Dave Gilroy advised FXHP about potential strategic corporate transactions. In 2022, the Company decided to raise institutional venture capital. Scale Finance managed this process from end to end, resulting in a highly successful closing of an $8 million Series A equity financing led by Information Venture Partners with participation from Fidelity International Strategic Ventures and NAventures (National Bank of Canada’s corporate venture capital arm).
Scale Finance continues to provide periodic business valuation support.
Heritage Trust
As the first independent trust company in New Mexico, established in 1994, Heritage Trust (HT) uses innovation, experience, and flexibility to meet clients’ needs. HT provides a full range of trust services, e.g., acting as their client fiduciary for their Trust assets, being an executor or personal representative related to the distribution of estate assets, managing and growing financial assets, and preparing annual tax returns for trusted clients.
Co-Founder and Managing Director of Scale Finance Gary Hayes has been providing CFO and managing Controller support since February 2021. We have streamlined their monthly and year-end close process and established budget/forecast capability to support management. Their business has grown over 40% since Scale Finance has been involved with the company’s financial management. Gary has also participated in Board Meetings as and when needed.
Southland Transportation Company
Southland Transportation provides transport, supply chain, and campus management services on a local, regional, and nationwide basis. When Southland contacted Scale Finance, they had a strong accounting staff but no Controller or CFO. After an unsuccessful search for a full-time CFO, Southland engaged CFO and Partner Rendy Richards as their fractional CFO.
Over 18 months, Richards helped integrate a new acquisition, made improvements in accounting and finance processes, developed the company’s first-ever annual budget, helped with the onboarding of a new Controller, and provided business valuations in conjunction with Scale Finance’s Managing Director, Dave Gilroy.
For over six decades, Cooper Electrical has served a wide range of industrial, commercial, and municipal customers across the Southeast, providing best-in-class Electrical Design/Build, BIM, Prefabrication, Instrumentation & Controls, and Calibration services. Cooper’s expertise spans multiple major markets, including bio-pharmaceutical, chemical, water & wastewater, power generation, manufacturing, gas production & transmission, and food & beverage.
When Cooper’s CFO left the company for another opportunity, the owners engaged Rendy Richards as interim CFO while they searched for a full-time replacement. On a half-time basis over eight months, Richards kept the company’s financial organization humming, made improvements in several business processes, initiated a detailed financial forecast, and met with the owners to share his observations and recommendations on the most feasible way to staff their finance and accounting department cost-effectively.
SymmetryRX, LLC
SymmetryRX is a leading provider of eSampling services allowing Pharma Manufacturing companies to access physician practices for the ordering and distribution of drug samples across the US. The Company was acquired in November 2018 from Aptus Health, a wholly-owned subsidiary of Merck. Since then, the company has expanded its robust suite of services that provides pharma manufacturing executives, brand managers, sales managers, product managers, and launch managers the ability to help more patients have greater access to samples, improving medication adherence and healthcare outcomes.
Co-Founder and Managing Director of Scale Finance Gary Hayes has been providing CFO Services to the Company since 2018 and was integral in the acquisition process, facilitated initial financing to support the company with a 7A SBA loan package of $600 thousand and an SBA-backed $300 thousand LOC. Since then, Gary has been actively providing CFO support across financial reporting, budgeting, forecasting, cash planning, and strategic planning.
