
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