Recognizing that investment banking was not our core competency, we outsourced the work to a specialist. We selected Intrepid based on Alkarim’s track record of success, and the fact that he was going to personally lead our financing initiative.
We were not disappointed. Intrepid raised financing on very fair terms. The process took six months, during which time Alkarim’s focus or commitment never wavered. We have also been very pleased with Intrepid’s post-financing support. On two occasions we needed bridge financing, and Intrepid assisted us on very short notice. Alkarim has subsequently raised follow-on financings and played an important role in accelerating our growth.
We engaged Intrepid at a pivotal point in our business lifecycle. Alkarim helped us evaluate strategic alternatives and achieve a consensus amongst our shareholder group. With his help, we have formulated a plan to maximize shareholder value.
I must admit that I was initially skeptical about Intrepid’s concept of business acceleration, but have since become a convert! To finance our business acceleration initiatives and buy-out a key shareholder, Alkarim arranged $3 million in new investment that was structured to minimize dilution.
We anticipate raising additional capital as we grow, and have already engaged Intrepid to assist in these efforts. Alkarim takes a personal interest in your success. He has become an informal member of our senior leadership team.
It is only in retrospect that I appreciate the full value that Intrepid provided to us. We were a start-up mortgage BPO seeking $5 million in initial funding. Alkarim spent many long hours helping us refine our business plan and investor presentation. More importantly, he helped manage our expectations, formulate a winning financing plan and set the stage for our success.
I credit Alkarim for matching us with a superb investor, one that provided us with both entrepreneurial and market credibility. A year later, we are the fastest growing mortgage company in Canada! We continue to rely on Intrepid for trusted advice and valuable business connections.
Intrepid assisted Kubra in conceiving, structuring and sourcing capital for our management buy-out transaction. Very early in our process Alkarim introduced us to our future investment partner, and a year later, we concluded the transaction on substantially the same terms that we negotiated during our very first meeting. Alkarim has a very good sense of matching companies with the right investors – quickly!
We engaged Intrepid to assist us to raise growth capital, but quickly determined that we needed to first address the issue of corporate ownership. Intrepid took the lead in negotiating the terms of the management buy-out, and together with our legal counsel, helped us to complete the transaction. The process was long and arduous, but in the end, we accomplished our objective - the ability to grow and define the direction of our business.