Frontsteps - Onex Falcon
Frontsteps
Sponsor was in need of a flexible capital partner to provide junior capital in support of an acquisition and growth
Business Description:
Leading SaaS platform provider offering Home Owner and Condo Owner Associations (HOA/COAs) fully unified property management, resident portals, payments and security solutions.
Falcon Solution:
Falcon provided a convertible preferred equity solution, which alongside new term loan debt, financed the acquisition of a complementary SaaS business. Falcon’s industry knowledge enabled Falcon to provide a flexible junior capital solution under a tight timeframe.
