MOONSAIL CAPITAL LLC

Thesis

MoonSail Capital is a private equity firm founded in 2017, focusing on the lower middle market with a strategy of providing flexible equity and debt capital to privately-held companies in the United States and Puerto Rico. They target companies with less than $10 million in EBITDA, with a preference for sectors like healthcare services, business services, financial services, and consumer industries, including specific areas such as behavioral health, home care, and practice management. MoonSail Capital partners with management teams to drive growth, acquisitions, recapitalizations, and management buyouts, offering strategic advice and operational tools. They utilize various instruments including preferred or common equity and debt options like convertible, mezzanine, second lien, or unitranche debt. The firm often takes a lead role in investments, sometimes seeking board control while allowing founders to retain majority control in other instances. While specific AUM figures are not consistently public, a 2017 fund targeted $75 million, with MoonSail raising $27.5 million for it. The firm's team has extensive experience, having executed over 50 lower middle-market private equity transactions totaling over $1 billion in aggregate enterprise value.

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