The owners of C7 Data Centers, Inc. sought a capital partner excited to invest in the growth of the company but wanted to retain ownership and limit their dilution as much as possible.
CW identified a variety of non-bank lenders willing to analyze the credit on a run rate EBITDA basis, allowing aggressive leverage. CW ultimately raised $18 million of uni-tranche debt and $2 million of equity, allowing the owners to capitalize on customer growth and build out a new facility while greatly limiting dilution in their ownership.