Capabilities | BlackHaven

Capital Markets

Strategic Access to Global Institutional Capital

Our Capital Markets team assists clients in securing institutional capital for growth and strategic initiatives. We structure and execute equity and debt offerings – from IPOs and follow-on share offerings to bond issuances and syndicated loans – that maximize funding under optimal terms. By leveraging our global network, we carry out rigorous roadshows and book-building processes to align investors with each company’s unique trajectory. In each deal, we ensure efficient pricing and broad investor participation so clients can seize market windows promptly.

Equity Offerings

Strategic Equity Issuance Designed to Maximize Valuation and Institutional Interest

Blackhaven advises mid-market companies on equity issuance strategies, including IPOs, follow-on offerings and secondary placements. Our approach goes beyond mechanics - we act as capital storytellers, helping issuers craft compelling investor narratives that align with institutional priorities and market sentiment.

We manage the full lifecycle of the offering: from positioning and prospectus development to book-building and allocation strategy. Whether entering the public markets for the first time or executing a follow-on raise, our team ensures the offering is tightly timed, efficiently syndicated and positioned to attract long-term investors - not speculative capital.

Deliverables Include:

Pre-offering market calibration and investor targeting
Pricing and share allocation strategy
Underwriter syndicate management
Roadshow preparation and execution
Post-offering investor relations planning
Debt & Credit Solutions

Debt & Credit Solutions

Customized Debt Structures Aligned with Cash Flows, Covenants and Growth Objectives

Blackhaven structures and arranges debt financing solutions tailored to each client’s operating profile, risk appetite and capital structure goals. We advise on and place senior secured loans, subordinated debt, convertible securities and asset-backed lending facilities.

Every engagement is grounded in credit discipline - we help companies secure financing that provides flexibility during growth and resilience in downturns. Our approach balances leverage with liquidity, ensuring maturities and covenants are optimized for both performance and protection.We also provide advisory on covenant renegotiation, refinancing events and capital stack optimization during acquisitions, recapitalizations or market transitions.

Types of Solutions:

Senior and unitranche debt placements
Convertible notes and hybrid debt instruments
Revolving credit facilities and bridge loans
Refinancing advisory and covenant structuring
Ratings advisory and debt investor engagement

Private Placements

Efficient Capital Raising from Targeted Institutional & Strategic Investors

In private markets, speed, discretion and alignment matter. Blackhaven Capital manages the full process of raising equity and debt from hand-selected institutional, family office and corporate investors - tailoring each process to the unique objectives of the issuer and the investor class.

We provide a controlled, confidential environment for high-value private placements, avoiding the noise and scrutiny of public offerings. Our team curates and coordinates investor introductions, negotiates termsheets and facilitates closings with speed and accuracy. Private placements are particularly effective for growth-stage companies, late-stage pre-IPO issuers and businesses requiring strategic capital for M&A or operational transformation.

Placement Process Includes:

Narrative development and investment memo creation
Investor segmentation and targeted outreach
Term negotiation, valuation defense and legal coordination
Timeline compression through parallel diligence processes
Post-close cap table management and investor relations support

Syndication & Underwriting

Institutional Syndicates Structured for Certainty and Capital Efficiency

For larger or risk-sensitive capital raises, Blackhaven Capital forms and manages underwriting syndicates and co-investment groups, bringing together multiple banks, credit funds and strategic investors to share execution and balance sheet exposure.

We lead both debt and equity syndication processes, calibrating allocations to ensure demand outpaces supply - thereby driving favorable pricing and enhancing issuer leverage in negotiations. Our syndicate management emphasizes risk-sharing without compromising on quality or investor alignment.

When acting as lead underwriter, we oversee diligence, disclosure, investor roadshows and allocation mechanics. Our syndication strategies are designed to instill confidence in capital markets, even during volatile or uncertain conditions.

Capabilities Include:

Equity and convertible bond syndications
Club deals and structured co-investment vehicles
Lead underwriting and distribution management
Institutional allocation strategy and stabilization mechanisms
Deal execution under volatile market conditions or compressed timelines

Mergers & Acquisitions

End-to-End Execution for Strategic Transactions

Blackhaven provides end-to-end M&A advisory for both buy-side and sell-side mandates. Our team guides clients through every stage – from market analysis and target screening to valuation, due diligence and final negotiations. We negotiate deal terms and structures that optimize value, while our fairness opinions and comprehensive valuations support decision-making and regulatory approvals. In cross-border transactions, we navigate cultural and regulatory complexities through our local presence and partnerships, ensuring seamless integration and execution. With global M&A volumes surging to record levels, Blackhaven’s integrated platform allows clients to capitalize on opportunities worldwide.

Sell-Side Advisory

Maximizing Value Through Precision-Run Sale Processes

Blackhaven Capital advises company owners, boards and financial sponsors through every stage of the sell-side process. We lead with discretion and precision - developing compelling positioning materials, identifying the most qualified strategic and financial buyers and orchestrating competitive processes that drive valuation and deal certainty.

Each mandate is custom-built. We craft the investment narrative to highlight strategic fit, recurring revenue, margin expansion potential or M&A synergies - whatever aligns best with premium buyer interest. Our process design balances speed and control: we maintain competitive tension while preserving confidentiality throughout.

Whether facilitating a full company sale, a majority recapitalization or a corporate divestiture, our goal remains the same: deliver a superior outcome with zero surprises post-LOI.

Key Deliverables Include:

Valuation benchmarking and pricing guidance
CIM (Confidential Information Memorandum) and management presentation creation
Strategic buyer mapping and targeted outreach
Bid coordination, term sheet negotiation and deal structuring
Full process management from NDA to close

Buy-Side Advisory

Strategic Acquisitions Engineered for Long-Term Value

Blackhaven Capital supports corporate acquirers and private equity sponsors in sourcing, evaluating and closing strategic acquisitions. Our approach integrates deep industry analysis, real-time market intelligence and financial modeling to ensure clients pursue only the most value-accretive opportunities.

We act as an extension of your corporate development function - screening targets, initiating contact discreetly and assessing fit through commercial and financial due diligence. Once engaged, we coordinate across legal, tax and operational workstreams to ensure a seamless path to close.

Our buy-side mandates often include:

Add-on acquisitions for sponsor-backed platforms
International expansion plays
Vertical integrations or competitor consolidations
Opportunistic or distressed asset purchases

Our Services Include:

Target sourcing and qualification
Preliminary valuation and synergy modeling
NDA negotiation and data room coordination
Deal structuring, diligence management and debt advisory
Post-merger integration planning (optional)

Joint Ventures & Strategic Alliances

Structuring Partnerships That Create Enduring Strategic Value

Joint ventures and alliances often require more nuance and foresight than outright acquisitions. Blackhaven Capital advises clients on the design, negotiation and execution of shared ownership structures - including JVs, co-development agreements, spin-offs and strategic minority investments.

We work closely with both parties to align commercial objectives, delineate responsibilities and establish clear governance frameworks that stand the test of time. Our team facilitates negotiations around IP rights, capital contributions, exit terms and dispute resolution mechanisms.

These structures are particularly valuable when entering new markets, sharing capital-intensive infrastructure or aligning complementary capabilities without sacrificing independence.

Our Capabilities Include:

JV structuring across domestic and international jurisdictions
Carve-outs and minority stake monetization strategies
Valuation, contribution balancing and economic alignment
Governance framework design and shareholder agreement negotiation
Ongoing advisory on board dynamics and operational integration

Cross-Border Transactions

Fluent in International Execution. Grounded in Local Insight.

Blackhaven Capital specializes in cross-border M&A, providing end-to-end advisory on complex international transactions. We help clients navigate the regulatory, tax, cultural and operational challenges that accompany global dealmaking - without compromising speed or certainty.

Our team includes professionals with in-market experience across North America, Europe and Asia. We work with local counsel, tax advisors and government regulators to ensure compliance and optimize post-acquisition integration. We also manage buyer and seller expectations in environments where time zones, language and business norms vary significantly.

Whether representing a North American acquirer pursuing European assets or an Asian family office seeking U.S. exposure, Blackhaven provides the global fluency and institutional process discipline to close high-stakes, cross-border deals successfully.

Our Expertise Covers:

International target identification and outreach
Foreign direct investment (FDI) advisory and regulatory clearance
Tax structuring and jurisdictional optimization
Cultural integration and localized deal negotiation
Strategic positioning to appeal to global investor pools

Restructuring & Turnaround

Stabilize, Recapitalize and Reposition for Growth

When companies face financial distress or complex recapitalizations, Blackhaven’s Restructuring specialists act as strategic partners to preserve value. We develop customized turnaround strategies, negotiate debt restructurings and secure rescue financing to stabilize operations. Our services include balance-sheet optimization, creditor and shareholder negotiations and exit planning (such as distressed M&A or reorganization). By leveraging in-depth financial modeling and market insight, we help companies and creditors agree on solutions that unlock liquidity and position businesses for recovery.

Debt Restructuring

Strategic Recapitalizations Designed to Alleviate Liquidity Pressure and Preserve Control

Blackhaven Capital works with distressed or overleveraged businesses to realign their capital structure through custom-tailored debt restructuring strategies. Our team advises on and executes debt-for-equity swaps, covenant amendments, maturity extensions, refinancing arrangements and liability management exercises - often under urgent timelines and creditor pressure.

We bring deep relationships with distressed credit investors, private lenders and special situation funds, enabling rapid access to alternative capital. Our execution model is built to protect enterprise value and minimize business disruption - whether operating within a formal restructuring framework or through a negotiated out-of-court solution.

Key Capabilities Include:

Debt capacity and covenant analysis
Term sheet negotiation and refinancing plan development
Facilitation of DIP (debtor-in-possession) or rescue financing
Stakeholder modeling, recovery waterfall planning and legal coordination
Comprehensive recapitalization advisory (bridge-to-exit or bridge-to-sale)

Operational Restructuring

Realigning Operating Models for Sustainable Profitability and Cash Flow

Beyond balance sheet solutions, Blackhaven provides hands-on advisory around the operational turnaround of underperforming businesses. We work alongside management and ownership to identify core inefficiencies, streamline operations, reduce fixed costs and stabilize working capital.

These engagements often involve urgent triage - rationalizing business units, renegotiating vendor contracts, optimizing labor utilization and revisiting capital expenditure plans. We help distressed and transitioning companies restore profitability, buy time and regain strategic optionality.

Engagement Scope May Include:

SG&A and COGS optimization
Business unit divestiture planning
Working capital forecasting and cash burn mitigation
Restructuring of management teams or reporting structures
Performance benchmarking and KPI realignment

We often work in tandem with debt restructuring or M&A processes to create a holistic, value-preserving turnaround.

Distressed M&A

Accelerated Sales Processes for Non-Core or Stressed Assets

When time, liquidity or insolvency risk limits a company’s ability to continue operations or fund growth, Blackhaven executes high-speed sale processes to preserve asset value. We facilitate sell-side M&A for distressed entities, divisions or non-core units - matching sellers with institutional and strategic buyers who specialize in turnaround scenarios.

Our team leads the entire process: identifying appropriate acquirers, negotiating under distressed timelines, managing data room preparation and coordinating regulatory approvals. We ensure that even in complex or emotionally charged situations, sellers achieve the best possible outcome under constrained circumstances.

Our Distressed M&A Services Include:

Pre-sale valuation and buyer targeting strategy
Coordination with CROs, insolvency counsel and lenders
363 sales (U.S.), stalking horse bidder processes or accelerated private auctions
Carve-out transaction structuring and transition service agreement planning
Post-sale liability mitigation and communications planning

We help clients exit difficult situations with dignity, speed and structure.

Creditor Negotiations

Leading Stakeholder Alignment in Complex Capital Structures

Blackhaven Capital represents companies or creditor groups in restructuring negotiations involving banks, bondholders, mezzanine lenders and trade creditors. We guide clients through formal and informal creditor processes - ensuring clarity of communication, alignment of incentives and preservation of long-term value.

Whether negotiating a forbearance agreement, leading a consensual out-of-court workout or navigating a formal insolvency proceeding, our role is to protect the client’s strategic goals while minimizing reputational and operational fallout.We work side-by-side with legal advisors, CROs and financial sponsors to bring clarity and control to situations often marked by emotion, urgency and opacity.

Scope of Work Includes:

Stakeholder mapping and claims analysis
Standstill and forbearance strategy development
Debt standstill / interest holiday structuring
Intercreditor communication and restructuring plan modeling
Support in bankruptcy preparation (if required) and exit financing strategy

Our experience across the table - from debtors to distressed investors - gives us a unique edge in building consensus and delivering viable outcomes in high-stress environments.

Strategic Advisory

Independent Counsel for High-Stakes Decisions

Our Strategic Advisory practice offers high-level corporate finance counsel and transaction services beyond execution. We provide independent valuations, fairness opinions and board advisory in critical situations – for example, mergers, recapitalizations or activist shareholder campaigns. These impartial analyses ensure management and boards have the insights needed to act in stakeholders’ best interests. We also counsel on corporate governance, capital structure optimization and market-entry strategies, helping clients refine long-term plans and negotiate complex stakeholder landscapes.

Valuations & Fairness Opinions

Independent Valuations Grounded in Rigor, Transparency and Market Validation

Blackhaven Capital provides comprehensive valuation analysis and fairness opinions to boards, special committees and executive leadership in the context of mergers, acquisitions, internal reorganizations, recapitalizations and related-party transactions.

Our valuation frameworks integrate multiple methodologies - DCF, public comparables, precedent transactions and intrinsic asset-based models - to provide a 360-degree view of enterprise value. We ensure assumptions are benchmarked, sensitivities are modeled and conclusions are defendable under regulatory, legal and shareholder scrutiny.

Our fairness opinions are delivered with full independence and documentation, helping boards fulfill their fiduciary responsibilities in the most high-stakes decisions.

Use Cases Include:

Evaluation of acquisition offers or strategic divestitures
Internal share transfers, buyouts or recapitalizations
Management-led buyouts and related-party transactions
Spin-offs or carve-outs
Legal proceedings requiring third-party fairness review

Deliverables Include:

Full valuation report with supporting models
Fairness opinion letter with opinion committee oversight
Presentation to board and legal counsel
Supporting materials for audit, shareholder or regulatory review

Board & Shareholder Advisory

Fiduciary Guidance and Tactical Support for Sensitive Stakeholder Dynamics

Blackhaven Capital advises corporate boards and executive teams in situations requiring judgment, discretion and governance clarity. We support leadership navigating shareholder disputes, proxy contests, activist campaigns and strategic evaluations where decisions may come under close scrutiny.

Our role is to provide independent, defensible counsel that helps fiduciaries make informed decisions, manage dissent and fulfill legal obligations with confidence. Whether advising a special committee evaluating a take-private offer or helping resolve conflicts between investor classes, we bring credibility, structure and communication strategy to the boardroom.

Engagements Often Include:

Evaluating unsolicited or contested takeover proposals
Guiding special committees in related-party transactions
Managing responses to shareholder activism
Designing and reviewing shareholder rights plans (poison pills)
Preparing management for annual general meetings or investor roadshows

We also support public and private companies in developing best-in-class governance protocols to proactively reduce risk and improve alignment.

Strategic Planning

Long-Term Value Creation Through Structured, Forward-Looking Advisory

Blackhaven Capital partners with CEOs, CFOs and heads of corporate strategy to define and refine long-term business plans. We serve as strategic co-pilots - providing the financial modeling, capital planning and decision frameworks required to execute complex growth or transformation initiatives.

Whether evaluating new market entry, optimizing capital allocation across business units or pressure-testing the sustainability of dividend or buyback programs, our advisory is grounded in real-world investor expectations and deal market dynamics.

We ensure strategic plans are not only ambitious - but financeable, credible and aligned with shareholder value creation.

Advisory Areas Include:

Capital allocation frameworks (organic growth, M&A, buybacks, dividends)
Scenario modeling for expansion or diversification
Cost of capital optimization and funding strategy
Business unit portfolio review and capital productivity assessment
Strategic responses to macro or sector disruptions

Our insights help clients align operating decisions with financial strategy - and communicate both effectively to capital markets.

Special Situations

High-Impact Counsel for Non-Recurring, Complex Corporate Events

Blackhaven advises on unique and transformative corporate events that fall outside the normal course of business - but carry significant long-term implications. These include spin-offs, joint ventures, strategic asset sales, recapitalizations and other bespoke transactions requiring multi-stakeholder alignment, regulatory strategy and structural creativity.

Our role spans strategic design, financial modeling, tax and capital structure coordination and stakeholder communications. We bring the full weight of our transactional, capital markets and governance experience to these moments - ensuring outcomes are value-accretive, executable and cleanly communicated to boards, shareholders and investors.

Special Situations We Advise On:

Spin-offs or demergers of high-growth or non-core divisions
Strategic partnerships or minority investments
Recapitalizations involving preferred equity, converts or hybrids
Corporate restructurings driven by regulatory, tax or geopolitical shifts
Complex shareholder reorganizations or redomiciling

These events often shape the future trajectory of a business - and demand precision, experience and discretion at every stage.