"Westham Capital's unique strength is the longstanding and quality relationships that it maintains throughout the private equity industry."

Allen Rogers
Ewing Capital

Capital Primer

Theme

"When equity capital is needed but a change of control is not."

Overview

When companies are at a major strategic or operational inflection point, growth capital is oftentimes used to get them "over the hump."

Definitions

Often considered "transformational capital," growth capital assists companies that are at a critical strategic or operational point in their history. Growth capital, which typically takes the form of equity, can accelerate the company's growth without necessarily increasing its debt burden.

Business Lifecycle Stage


In addition to established, positively cash flowing companies, those that are at or close to breakeven (i.e., growth stage) are also appropriate for growth capital.

When Appropriate:

  • The company has an interest in making an acquisition but does not have enough cash on its balance sheet.
  • The company has a significant amount of high-priced debt on its books that it wishes to take out allowing the company more breathing room as it implements its operating plan.

How Westham Capital Partners Can Help

Westham Capital Partners, based in Richmond, VA, serves as a co-investor and strategic partner to private investment groups (Partner Funds) who desire concentrated investment opportunity development throughout most of the United States and Canada. These funds retain Westham to provide them with a dedicated, more efficient business development effort targeted towards intermediaries, business brokers, attorneys, accountants and other persons of influence. Westham and its Partner Funds share an interest in buyout, MBO, recap, growth capital, subordinated debt, senior debt and distressed investment opportunities.

Next Step

For additional information about our interests in this and other investment areas—or to discuss your capital needs—please Contact WCP or call 804.282.0785. We welcome you to invite your counsel or other advisors to participate as well.

Growth Capital Partnership