Our Services

Ladrigan offers bespoke debt capital markets advisory for the lower middle market. We deliver tailored strategies for accessing capital from our curated pool of debt providers. Ladrigan adds immediate value as a time saver within the sponsor’s DCM process. We maintain curated access to a wide range of in market, institutional quality professionals—capital providers, attorneys, accountants, M&A and credit professionals, workout officers, and more.

 
 

Testimonials

“Tom and his team successfully arranged an expanded $15 million credit facility with East West Bank and has been instrumental in navigating additional debt capital markets relationships. I would recommend Ladrigan as a time saver for any company looking to alleviate bandwidth issues.”  

Chris Smith, CEO Detechtion Technologies
Market leading asset optimization and smart solutions provider in Upstream Oil & Gas

“Ladrigan has been a value-added partner during my tenure with LongWater. Ladrigan advised on a complicated portfolio recapitalization and I was impressed with their ability to run a tight process and move quickly through initial diligence. LongWater continues to engage with Ladrigan since the first closing of our third fund in July 2021 and its final closing in January 2022. We look forward to working with them on the future debt capital markets needs within our strategy of acquiring niche manufacturing and specialty distribution companies.”

Bern Ebersole, Principal | LongWater Opportunities
Operationally focused, lower middle market private equity firm

“Ladrigan served as the strategic debt capital advisor for the Detechtion recapitalization, a portfolio company of Element Partners. Ladrigan was a steady source of debt capital introductions while establishing a strong understanding of our portfolio company. The initial call I took with Ladrigan bore fruit and was a beneficial one. Tom showed significant skill curating the capital providers necessary to run a successful process.”

Michael DeRosa, General Partner | Element Partners
Specialized growth equity investor with extensive experience in the energy, industrial and resource markets

“I have spoken with Tom about several opportunities since we first connected in early 2021. My conversations with Ladrigan have been crisp, productive and transparent. Ladrigan represents high quality, lower middle market PEGs and is an excellent source of re-occurring deal flow.”

Jeffrey Youle, Head of Private Debt, US, | Muzinich & Co., Inc.
Privately owned, institutionally focused investment firm specializing in public and private corporate credit with $39.1 billion AUM

 
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Ladrigan executes an institutional quality product at a great price point. Our standard process includes:

  • Full scale credit underwrite including identifying existing data room gaps, organization of salient credit points and preparation of lender marketing materials

  • Initial lender reach out via an email teaser and one-on-one phone calls with Ladrigan to verify lender capability to successfully provide a term sheet

  • Manage NDA process and first round of diligence, monitoring access to data room material

  • Narrow the capital provider field including curating access to management and optimizing terms while running confirmatory diligence

  • Secure engagement letter and review and negotiate legal documentation prior to closing

 
 
 
 
 

Case Study

Tech-Enabled Manufacturer in Testing, Inspection, Certification and Compliance Industry


A long-held portfolio company with TTM $6.0 million EBITDA, including $5 million of squishy add backs, encountered operational difficulties - EBITDA declined from $9.6 million at close 5 years prior. The PEG was seeking to refinance $28 million of total funded debt including a sponsor loan but the existing lender group was fatigued due to the complexities of the situation and the credit facility was in the face of a maturity. 

Ladrigan was a strong advocate for the sponsor’s interests, acting as a timesaving filter against the deluge of communication associated with a complicated recapitalization. As part of the process, Ladrigan prevented a potential diligence hiccup by walking lenders through a detailed EBITDA bridge and a well-articulated supplier concentration mitigant. Ladrigan anticipated how lenders would react if key diligence information was omitted and encouraged a tight, linear process to prove we were putting our best foot forward with key lenders as soon as the deal information hit their desk.

The engagement letter was executed at the full $28 million ask and Ladrigan over delivered fifteen additional term sheets, all within the sponsor’s criteria. Aggregate term sheet pricing was at market and the credit agreement containing favorable prepayment terms, baskets, covenants and financial reporting requirements.

 
 
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