soberlink-2020-12

Transaction

  • Soberlink Healthcare, LLC (“Soberlink” or the “Company”) is a leading developer of remote alcohol monitoring products and services, including a software as a service platform
  • Envisage acted as placement agent for senior secured notes with Lake Country Capital

Issues

  • Management’s preference was to not provide any equity as part of the financing
  • Compressed deal timeline

Solution

  • Through a targeted process, Envisage identified a flexible lender willing to provide the capital with no equity dilution
  • Took a role in managing and resolving due diligence issues
  • Successfully structured and negotiated the transaction within compressed time frame