Integrated Beverage Group (IBG), a Denver-based national marketer of branded wine and spirits, required a financing partner to provide more liquidity than its current bank working capital line of credit. Gibraltar Business Capital (GBC) responded with a $13 million ABL facility secured by accounts receivable and inventory. GBC structured the borrowing base to allow for a heavy reliance on inventory and the inclusion of other special provisions to create more liquidity to support growth in IBG’s core wine brands.
“Our prior experience with Gibraltar gave us the utmost confidence that the team could execute on the terms agreed upon and deliver an efficient and swift transaction close,” Ryan Osgood, principal at Juggernaut Capital, a lower middle market private equity firm with over $1 billion in capital commitments, said.
“Juggernaut Capital’s consumer-goods-focused strategy aligns with our ability to structure and lend into high-growth sectors,” Jim Marasco, head of originations at Gibraltar Business Capital, said. “GBC’s tenure with private equity groups demonstrates our strength in structuring solutions to help financial sponsors achieve their business goals of building brands and expanding capabilities.”
