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Recent Transactions

A showcase of the diverse deals we’ve structured across industries—highlighting our ability to deliver tailored financing solutions that help businesses achieve their growth goals.

$85mn

Credit Facility

Industry: Consumer Goods

Revenue Run-Rate: $400mn

Details: Company needed a financial solution due to losses in 2021 & 2022 which caused a breach of covenant, facilitated a refinance and rate stood at SOFR + 5.

$15mn

Equipment Sale-leaseback

Industry: Healthcare

Revenue Run-Rate: $25mn

Details: MRI industry, Initial tranche at $4mn, additional tranches at milestones and revenue targets. $15mn credit facility carve out for additional non-dilutive capital.

$8.8mn

Advance

Industry: Tugboats

Revenue Run-Rate: $200mn

Details: $8.8 million refinance for a Tugboat business doing $35 million in EBITDA: The company needed cash to purchase three new boats. This cash infusion will help bring in significant revenue and acts as a bridge until the company secures a $130 million refinance with their bank at the end of May.

$6mn

Unsecured Facility

Industry: 3PL/Logistics

Revenue Run-Rate: $50mn

Details: The company seeking the bridge loan is a wellestablished logistics firm with an EBITDA of $15 million. The acquisition target is a competitor in the same industry with an EBITDA of $10 million. The deal presents an opportunity for the 3PL company to expand market share, enhance operational efficiencies, and consolidate resources, thereby increasing its overall EBITDA and strategic positioning in the industry. We funded the transaction in 4 business days.

$5mn

Asset-based Facility

Industry: Electric Scooters/CPG

Revenue Run-Rate: $333mn

Details: $5 million unsecured advance for a company who needed to payoff a mortgage on a building to unlock the equity for their senior lender to get collateralized by. They have a $90 million facility that closed in May and one of the covenants was to add the real estate as part of the collateral within a 3-month window from closing. This capital allowed the company to stay within compliance of their senior line. We closed the deal in 72 hours from initial submission.

$4mn

Advance/Term Loan

Industry: Consumer

Revenue Run-Rate: $50mn

Details: The company’s senior lender was unable to lend anymore. Oval Ventures acted quickly in providing a refinance without the need to lever up collateral at competitive rates. The deal closed in under 2-weeks. Company will take additional tranches as they scale and establish a relationship with the creditor.

$15.4mn

Term Loan

Industry: Vertically integrated, tech-enabled digital marketing agency

Revenue Run-Rate: $25mn

Details: This buyout marks a significant shift in the ownership structure of the company, which has been leveraging technology to offer comprehensive digital marketing solutions across multiple industries. This was structured as a multi-year term loan with interest-only payments for the first 12-months.

$12mn

Term Loan

Industry: Consumer

Revenue Run-Rate: $100mn

Details: Provided a $12 million loan to a leading consumer product company based in LA to help clean up expensive debt on the balance sheet and expand into a new product segment launching in the next few months. The lowered debt service will allow the company to invest back into growth & marketing. This nondilutive facility will also allow the company to grow until an eventual equity exit in the next 2-3 years

$7.5mn

Senior Secured Revolving Line of Credit

Industry: Cosmetic/Skincare

Revenue Run-Rate: $70mn

Details: Lender did not require an appraisal, field exam, audit on the inventory, lockbox account or borrowing base certificates which allowed for a much quicker closing.

$5mn

Asset-based Facility

Industry: CPG

Revenue Run-Rate: $60mn

Details: $5 million Asset-based loan for a CPG business focused on the hard seltzer space. This facility allowed the company to clean up their payables aged payables and launch into new markets across the US and Canada

$4.5mn

Advance/Term Loan

Industry: Tug Boats

Revenue Run-Rate: $300mn

Details: $150mn in top line sales and ~$40mn of EBITDA the company needed a bridge to help with their $150mn refinance. Transaction closed in 72 hours.

$3.5mn

Unsecured Funding

Industry: Consumer Products

Revenue Run-Rate: $30mn

Details: The client in the consumer product space, approached us with a $3.5 million purchase order – offering discounted terms if paid within a specific timeframe.

$15mn

Term Loan
Industry: Insurtech

Revenue Run-Rate: $20mn

Details: The company specializes in insuring concert/sport tickets. This funding will position the company to raise equity at a further date with a more favorable valuation.

$10mn

Term Loan
Industry: Online Snacks/CPG

Revenue Run-Rate: $70mn

Details: Oval Ventures provided a $10 million multi-year term loan to help with the online chocolate, licorice, pretzel business in expanding into other verticals and maximining their SEO. The company will be grated additional tranches of capital once certain revenue thresholds are met.

$6mn

DDTL Term Loan

Industry: Crowd Funding Platform

Revenue Run-Rate: $300mn

Details: We funded a $6 million refinance getting the company a new working capital partner, lowering the monthly debt service and netting new cash into the business. The company needed the money for platform development, technology upgrades, marketing, and expansion. The facility can upsize as milestones are hit.

$5mn

Asset-based Facility

Industry: IT Services

Revenue Run-Rate: $20mn

Details: This facility will help the company obtain non-dilutive financing, without collateralizing the stock. Closing in 5 weeks & the rate was Prime +1.75%

$4mn

Equipment Sale-Leaseback

Industry: Consumer

Revenue Run-Rate: $30mn

Details: Oval Ventures did a $4 million sale leaseback for a company who had merchant cash advances on the balance sheet. We lowered that total debt service from $600k a month to under $150k a month. This will allow the company to open new locations quickly and keep more of the cash-flow in the company.

$3mn

Senior Secured Credit Refinancing

Industry: Packaged Goods

Revenue Run-Rate: $55mn

Details: Needed a quick solution to replace their existing lender who wanted to get out of the ABL space. We partnered with two lenders, each providing $1.5mn.
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