Business acquisitions & capital structure

Fund the deal.
Protect the upside.

Commercial analysis and funding support for business acquisitions, shareholder transitions and growth—built around cash flow, risk, control and long-term flexibility.

Discuss an acquisition ↗Explore capital options ↓

The core question

How much should you borrow—and what must remain flexible after completion?

Capital options

Match the funding to the transaction.

The cheapest capital is not always the best capital. We compare cost with certainty, covenants, control, repayment pressure and the capacity to fund the next stage.

Senior acquisition debt

Bank and non-bank facilities sized against maintainable earnings, cash conversion, debt service and available security.

Term debt and amortisation
Working-capital facilities
Covenants and headroom

Private credit

More flexible structures where timing, leverage, security or transaction complexity falls outside traditional bank settings.

Unitranche and subordinated debt
Bullet or tailored repayment
Pricing and downside analysis

Vendor finance & earn-outs

Deferred consideration that can bridge valuation gaps, preserve liquidity and align sellers with post-completion performance.

Payment triggers and protections
Cash-flow impact
Intercreditor considerations

Equity & co-investment

Assess the capital required, ownership given up, governance rights and return expectations before introducing investors.

Dilution and control analysis
Investor return scenarios
Governance and exit alignment

Transaction analysis

Know what the business can support before you set the price.

Maintainable earnings

Normalise EBITDA, test one-offs, owner adjustments, customer concentration and recurring revenue quality.

Debt capacity

Model interest, principal, working capital, tax and downside cases to establish practical serviceability and covenant headroom.

Returns & sensitivities

Assess purchase price, funding mix, synergies, integration costs and exit assumptions across base, upside and downside cases.

Security & recourse

Map business and property security, guarantees, shareholder exposure and the flexibility required for future transactions.

From thesis to funding

A finance process built around the deal.

We help translate the commercial opportunity into a lender-ready funding request while keeping the transaction assumptions visible.

Screen

Review the target, strategic rationale, price expectations and information available.

Model

Build funding, serviceability, returns and downside scenarios around maintainable cash flow.

Structure

Compare debt, deferred consideration and equity while assessing control and risk.

Approach

Prepare the credit story, supporting information and a targeted lender or capital-provider process.

Execute

Coordinate diligence, conditions, documentation and funding through completion.

Relevant experience

Credit experience with a transaction lens.

Jack Galvin’s background spans healthcare banking, accounting, acquisition finance and financial analysis, including experience supporting approximately 150 pharmacy acquisition financings and managing approximately $200 million in lending exposure.

View Jack on LinkedIn ↗

Acquisition financeDebt sizing, lender presentation and execution support

Financial analysisCash flow, serviceability, sensitivities and valuation support

Due diligenceQuality of earnings and commercial-financial review

Capital structureDebt, equity, security and refinancing assessment

Discuss a transaction

Considering an acquisition or recapitalisation?

Share the target, indicative price, available financial information and your preferred timing. We can identify the initial analysis and funding work required.

jack@medicocapital.com ↗