The principals of Grove have managed a number of both public and private debt and equity placements for small, mid and large cap public companies while in the employ of other major banking institutions. Underwritings and placements have ranged from $5mm to $2b in size. Financing vehicles have ranged from common equity to highly structured mezzanine securities to senior debt both secured and unsecured. The team's financing resume reflects extensive transaction leadership for a range of non-investment grade companies seeking capital in order to; recapitalize and restructure, expand operations, or to effect a change in control. In particular, the grove team possesses considerable experience in guiding management and investors through change in control transactions for both financing and strategic advisory aspects. Unlike the traditional financial advisor or banking institution, Grove leverages a deep ‘bench' of world-class operational talent to deliver a full range of corporate, operational and strategic advisory when necessary to its clients. This mix of operational, domain and financing expertise separates Grove from most traditional investment banking outfits. The following represent a range of equity, M&A and Strategic Advisory engagementsmanaged by Grove partners:
Engagements
BuildNet Inc.Corporate Advisory
$120MM Acquisition of Nextrend BuildNet Inc.Corporate Adviser
$105MM Series C CeregoPrivate Equity
$10MM Series B nCircle GroupSeries B & Strategic Advisory
(Non-Disclosed) Citysearch$32MM Mezzanine
Private Placement Home2Private Equity
$2MM Series A Home2Strategic Advisory Engagement Settlement Recovery CorpStrategic Advisory
Engagement & Series C Equity Raise
(non disclosed) Kolhberg & Co.Strategic Advisory Engagement Niman Ranch$2.65MM Subordinate Debt Note Niman RanchPrivate Equity
$15MM Series B FurnishNetPrivate Placement
$2.4MM Series A FurnishNetPrivate Placement
$2.4MM Series A Federated$330MM Buy Side Advisory Engagement Federated All Star LeasingPrivate Equity
$5MM Series B All Star LeasingSell Side Engagement
(Sold To Globeranger) IntouchSell Side Engagement
(non disclosed) Groove TicketsStrategic Advisory
(non disclosed) ipCommerceCorporate Avisory
Engagement
(non disclosed) Private Trade LLC.Sell Side Engagement
Acquired by Nyppe
(non disclosure) VyalaStrategic Advisory
Engagement & Capital Raise ($3M) Matador Technologies Corp.Corporate Advisory Engagement tq3 NavigantStrategic Advisory Engagement
(non disclosed) Customerteam$3M Series A Private Placement Prima Corp.Strategic Advisory Engagement
(non disclosed) Do It SportsSeries A
Private Placement
(AOL New Ventures Group/ Non Disclosed) SilhouetteSell Side Engagement
Acquired By Dryers, Inc.
(Non Disclosure) US Build, Inc.Strategic Advisory Engagement and
Series B
(Non Disclosure) BuildNet Inc.$37.5MM Series B Private Placement
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