Charlotte Based Private Company Finances With a TIGRcub™ Security
CHICAGO, Oct. 22 -- Last week Elevation LLC, a Charlotte-based company that provides trading execution services to institutional investors, completed a multi-million dollar financing through the issuance of a TIGRcub(TM) security.
Chicago-based PEAK6 Investments, L.P., an institutional investor, found the TIGRcub(TM) security issued by Elevation to be an attractive alternative for investing in this market.
The TIGRcub(TM) (Top-line Income Generation Rights Certificates) security structure debuted in the financial marketplace 12 months ago. The security allows investors to realize current income and return of capital through a share of top-line gross revenues rather than by means of conventional debt structures.
TIGRcubs(TM) are particularly appealing to corporate issuers because they are non-dilutive to equity ownership, thereby allowing the company to retain its current ownership structure, and reduce the management and governance distractions often associated with private or venture equity transactions.
Stephen H. Watkins, CEO of Entrex (the developers of the TIGRcub(TM) security structures) explains some further benefits; "TIGRcubs(TM) offer a standardized deal structure that works effectively for an institutional investor, like PEAK6, to invest in related businesses. It provides access to the sector of small and mid-market entrepreneurial companies and enables the realization of investment returns without dependence on exit events."
Elevation, LLC, Managing Member Patrick Sheehan, adds that "The TIGRcub(TM) structure was the perfect vehicle for us to use in this capital raise. Our team built a company we're proud of and we have a particular vision for development opportunities down the road. It was a good solution to be able to satisfy investor requirements without the highly dilutive effects of equity financing."
Watkins adds, "Now with approximately $200 Million in other TIGRcub(TM) transactions at various stages of closing, and nearly $1.5 Billion in the deal pipeline, a strong case is being made for this new asset class."
ABOUT ENTREX INC:
Entrex is the place to find, research, track, manage and trade securities for entrepreneurial companies. Through the TIGRcub(TM) security structure, Investors and Issuers are brought together in a Capital Market System serving both private and public companies. TIGRcubs(TM) provide Investors with monthly income, liquidity and investment returns that aren't dependent on exit events, or exposed to the volatility of the equity capital markets--all while providing Issuers a non-dilutive capital solution with risk-adjusted pricing that simulate either debt or equity structures. www.entrex.net.
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