Project Description

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Transaction
– gen-E Holdings, LLC (“gen-E” or the “Company”) provides leading advanced analytics and service assurance software for monitoring and resolving network performance
– Envisage acted as placement agent for a revolving credit facility placed with Plaza Bank
– This is the second corporate finance engagement Envisage executed for the Company. In April 2017, Envisage advised the Company in connection with an investment by St. Cloud Capital

Issues
– gen-E required a revolving credit facility to provide liquidity for working capital and general corporate purposes
– A substantial senior secured loan was already in place
– Compressed deal timeline

Solution
– Through a targeted process, Envisage identified a universe of potential bank lenders who would be comfortable working with the existing lender and could close a transaction expeditiously
– Took a significant role in managing and resolving due diligence issues
– Successfully structured and negotiated the transaction within compressed timeframe