Library Deals Done
Resource Management Service, LLC$2,500,000
Corporate Finance Capital RaisingMarch, 2006
Deal Team:
Kip Porter, Jim White, Goodloe White
Porter,White & Company was retained by Resource Management Service,LLC (“RMS”) to explore its financing options. RMS has a 50-year history of managing timberlands for investors in the Southeast. After recently exiting a relationship with a single large institutional investor under which it managed over a million acres, RMS had successfully raised additional committed capital from clients to invest in timberland.
To facilitate the transfer of ownership to a new generation of managers and assure a conservative financial posture with which to approach new business, RMS sought additional capital for the management company. After evaluating mezzanine and preferred equity options, the firm structured a unit offering of preferred and common equity interests to best meet the preferences of institutional and individual investors.
Porter, White & Company assisted RMS in preparing an information memorandum and valuation model, identified qualified investors, presented the investment to potential investors, negotiated final terms and closed the transaction.
