LEADING PROVIDER OF PRIVATE CAPITAL SOLUTIONS
Rooted in decades of experience, our transaction structures foster strong partnerships between capital providers and management teams to drive the best strategic path for middle-market businesses.
OUR COMPANY
Billings & Company is an investment banking firm co-founded by Eric F. Billings, former co-founder and CEO of Friedman, Billings, Ramsey & Co (FBR).
We raise institutional capital for high-quality, middle-market companies, typically generating between $0 million and $100 million of EBITDA. We focus primarily on non-control private placement transactions, fostering productive partnerships between capital providers and management teams to drive the best strategic path for a business and achieve optimal valuation.
In the combined history of our leadership team we have raised more than $23 billion in equity, structured equity and structured debt, with transaction sizes ranging from approximately $50 million to $1.3 billion. Each of the partners at Billings & Company began their careers at our predecessor firm, FBR & Co.
SERVICES
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Our team has been raising private market equity capital since the early 1990s. We have unique, cross cycle experience with deep expertise in valuing companies, helping issuers determine the optimal capital raise, and structuring deals that benefit both existing and new investors.
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We executed our first unsecured, corporate debt placement in 1996. Since then, we have raised billions of dollars in debt capital for unique, high-quality businesses (both cash flow positive and cash flow negative) utilizing various debt structures including secured, unsecured and structured or equity linked debt securities. The debt capital markets have become increasingly available at attractive terms to middle market companies as private equity and private credit funds have proliferated, offering an alternative and less dilutive path to capital for issuers.
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We have extensive experience advising clients on the right financial partner for their business in both control and non-control transactions. A significant advantage of our process is that issuers avail themselves of the opportunity for both non-control capital issuance and a full control-sale. In the modern capital markets the vast majority of funds participate in both structures. This often facilitates strong competitive tension amongst buyers resulting in the best valuation for selling shareholders. We believe we are uniquely positioned to offer this solution given our depth of experience and breadth of institutional investor relationships.
KEY DIFFERENTIATORS
Speed to
Market
Targeted transaction timelines of 8-12 weeks from initial engagement to transaction closing and funding. With nearly 40 years of experience, deep industry knowledge and strong investor relationships, we’ve learned to optimize the capital-raising process to be extremely thorough yet time-efficient, minimizing distractions for management teams.
Breadth of Distribution
Our team has deep, multi-decade relationships across more than 1,000 institutional investors, including private equity, private credit, hedge funds, asset managers, family offices, and high-net-worth individuals. Our unique transaction structures allow us to market to the broadest array of qualified institutional investors, driving strong demand and the best possible valuation.
Depth of Knowledge
We’ve executed transactions across almost every major industry sector including industrials, real estate, financial services, consumer, energy, healthcare, and technology. Our leadership team has decades of experience in investment management, putting us in unique position to understand the core fundamental characteristics of our corporate clients.
Certainty of Execution
Successful deal execution depends on finding the right combination of valuation, structure, and investors. With over $23 billion of non-control capital raised across 86 transactions and nearly four decades of experience, Billings & Company intimately understands how to optimize these elements to deliver the best client outcomes, securing terms in every deal we’ve launched since inception.
