2020

December 29, 2020

Corbel realized its investment in The Inception Company, which was sold to a private equity firm. Since its investment in July 2020, Corbel has partnered with management to expand the Company’s virtual conferencing service offerings into new key markets. This exit represents an exceptional outcome for The Inception Company and substantially validates Corbel’s flexible capital solution for companies in need of strategic growth capital.

November 25, 2020

Corbel Capital Partners closes structured investment (the “Transaction”) into a leading agricultural processer and distributor in the Pacific Northwest (the “Company”). Founded in the 1990s by its current CEO and President and headquartered in the Pacific Northwest, the Company is a leading value-added processor and distributor of agricultural products. The Company sells cleaned, sorted, and graded finished product to canners, packagers, alternative protein developers, snack food manufacturers, and producers of pet food domestically and internationally. Corbel partnered with the Company, the Company’s incumbent lender, and a new revolving lender to refinance existing indebtedness and provide capital to the balance sheet to fuel ongoing growth.

October 19, 2020

Corbel Capital Partners closes structured investment (the “Transaction”) into FiscalNote, Inc (“FiscalNote”) in the form of senior secured notes. Headquartered in Washington, D.C. FiscalNote is a subscription-based software provider which serves a diverse blue-chip customer base and helps companies manage legal, policy and regulatory issues / workflow. FiscalNote is the industry leader within its market and has exhibited impressive growth in annual recurring revenue (“ARR”).

October 9, 2020

Corbel Capital Partners today announced that it has expanded its asset management platform by forming Corbel DSOF Capital Management (“DSOF”), which focuses on distressed and special opportunity financings into high-quality resilient businesses with under $20 million in EBITDA in the lower market undergoing temporary adverse dynamics. Please reach out to Erich Sorger, Rudy Freeman, or Michelle Rogers with any relevant opportunities for this new vertical.

Together with Corbel’s existing focus on performing businesses, DSOF will add an emphasis on turnaround or special situations with near-term cashflow issues which can be resolved with flexible capital and “structured sponsorship”. DSOF will seek to build on Corbel’s experience in the lower middle market to drive value by providing liquidity capital to “rescue” high-quality businesses with short-term stress and long-term attributes for success. DSOF will also evaluate purchases of existing investments from lenders seeking immediate exits and will work with the borrower to help restore value. “We believe that there is significant unmet demand from lower market businesses for a flexible and value-added capital solution in which small business owners are faced with stress or distress and would benefit by taking a capital investment,” said Jeff Schwartz, Managing Partner. “Lower market businesses are disproportionately impacted by both endogenous and exogenous challenges, such as COVID-19, and are unable to maximize their potential, often due to identifiable and addressable management, operational and organizational deficiencies and lack of access to capital.”

September 28, 2020

On September 28, 2020, Corbel realized its investment in INI Power Systems, Inc. (“INI”) in the context of facilitating a sale to strategic acquiror The Dewey Electronics Corporation (“Dewey”). Corbel had structured its initial investments to meet the growth capital needs of the Company while also providing for the buyout of a minority shareholder. After four years of successful partnership Corbel facilitated INI’s sale to Dewey. The exit represents Corbel’s ability to provide value to lower market businesses through business development relationships and M&A support.

July 24, 2020

Corbel Capital Partners closes structured investment (the “Transaction”) into The Inception Company, LLC ("Inception") in the form of senior secured notes. Headquartered in Fairfield, NJ, Inception is a technology-driven production company that builds and supports virtual engagement platforms and services primarily for the pharmaceutical industry. Corbel partnered with the existing management team to provide a growth capital financing solution that met all of Inception’s needs and provided capital to support the Inception's rapid business growth initiatives.

June 30, 2020

Corbel Capital Partners closes structured investment (the “Transaction”) into MediaLab.AI Inc. ("MediaLab") in the form of senior secured notes. Headquartered in Los Angeles, CA, MediaLab is a vertically-integrated mobile and web content publisher and aggregator that sells digital advertising impressions across a diversified set of platforms, customers, and industries. Corbel partnered with the existing MediaLab management team to finance a transformative acquisition for the company that significantly expands MediaLab’s breadth and depth of available digital impressions and website assets.

June 30, 2020

Corbel Capital Partners closes follow-on investment into RealDefense, LLC Corbel Capital Partners closes an add-on investment in the form of secured notes to support the acquisition of Iolo Technologies, LLC ("Iolo") by existing portfolio company RealDefense, LLC ("RealDefense"). Iolo provides consumer and small business device optimization, security, and privacy software/services in a marketplace where demand for digital security and hardware optimization continues to grow at a rapid pace with continued tailwinds due to the work-at-home economy. The Acquisition significantly expands RealDefense’s product offerings and digital marketing capabilities and will allow the combined company to realize significant cross-selling revenue opportunities. Corbel made the investment in partnership with Broadstream Capital Partners - an independent sponsor located in Los Angeles, CA - and continues to demonstrate the value of its flexible capital solution, ability to creatively structure investments alongside independent sponsors, and support for follow-on capital for its existing portfolio companies.

April 23, 2020

Corbel realized its investment in ARES Security Corporation (“ARES Security”) in the context of facilitating a future strategic investment from existing shareholders. ARES Security is a leading provider of software and solutions that ensure homeland security and business continuity against an entire range of risks that jeopardize people, revenue, and operations. Over the last three and half years, Corbel has partnered with ARES Security as it penetrated new markets and expanded its software offerings. This exit represents a successful outcome for Corbel and substantially validates Corbel’s ability to provide value-added, flexible capital solutions to lower middle-market businesses.

February 26, 2020

Corbel closes structured investment (the “Transaction”) into Noble Roman's, Inc. ("Noble Roman's" or the “Company”) in the form of senior secured notes. Headquartered in Indiana, the Company is a franchisor of a non-traditional concept located within modern convenience stores, entertainment facilities, and hospitals; and a traditional brick and mortar fast-casual-restaurant concept. As a result of ongoing growth initiatives and pending debt maturities, Management was seeking a value-added and flexible capital partner to support the next phase of growth in building out new Company owned restaurants and related franchising efforts. Corbel was able to provide that solution by structuring its capital to address refinancing, liquidity, and growth.