henri steenkamp: saratoga q3 newsletter (2014)

8/10/2019 Henri Steenkamp: Saratoga Q3 Newsletter (2014)

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8/6/2014 News & Market Update from Saratoga Investment Corp.

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Saratoga Newsletter Third Quarter 2014

Dear Friends,

We hope you are enjoying the summer months.

We'd like to update you on Saratoga's progress and help you

stay informed on what is going on in the middle market.

As Saratoga grows its investment portfolio, we continueto

strengthen our team. Earlier this year we welcomed Henri

Steenkamp as our CFO. Dave Vavrichek joined soon thereafter

as a Principal. We also recently added Nick Martino, Marissa

Mann, and Sandy Rodriguez to our investment team.

Saratoga has a strong base of permanent capital and plenty of

dry powder to invest. We remain focused on making debt andequity investments in companies striving to do great things.

Over the past year we have invested about $100 million in 19

transactions to support acquisitions, refinancings,

recapitalizations, and growth initiatives.

The experience of our investment team allows us to provide

prompt feedback and reliable financial support to middle

market companies. Our goal remains to be a reliable partner

in helping you meet your objectives. Thank you for continuingto think of us when your business requires capital.

Saratoga

Investment Team

Chris Oberbeck

email Chris

Mike Grisius

email Mike

Joe Burkhart

email Joe

Tom Inglesby

email Tom

Charles Phillips

email Charles

John MacMurray

email John

Dave Vavrichek

email Dave

Nick Martino
mailto:[email protected]:[email protected]://ui.constantcontact.com/emailSharePreview.jsp?id=previewmailto:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]://ui.constantcontact.com/emailSharePreview.jsp?id=preview


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Please welcome the newest members of our team

Henri Steenkamp joined Saratoga as

CFO. Prior to joining Saratoga, Henri held

senior positions at MF Global and

PricewaterhouseCoopers. He is a graduate of

University of Johannesburg. Click here toemail Henri

Nick Martino joined Saratoga as a Vice

President. Nick's prior experience includes

work at Prospect Capital, Credit Suisse, and

Goldman Sachs. He is a graduate of Bucknell

University. Click here to email Nick

Sandy Rodriguez was promoted

from Saratoga's operations team to

investment analyst. Sandy's prior experience

includes work at Kempisty & Company. She is

a graduate of Brooklyn College. Click here to

email Sandy

Highlighted Saratoga transaction

Saratoga made a $13 mil lion unitranche debt

and equity co-investmentto support a private

equity sponsor's acquisition of a company

that provides software used by hospitals to

track use and sterilization of surgical

equipment.

What's happening in the marketplace?

We carefully track deals in the middlemarket. Please reach out to usif you are

email Nick

Paul West

email Paul

Mark Weaver

email Mark

Marissa Mann

email Marissa

Sandy Rodriguez

email Sandy
mailto:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]://r20.rs6.net/tn.jsp?e=001dp6sbHtb5Fb6AG0kMeMpA1fQriptWIFKjiA0erhjODbDtP55OqvFVFyVkI8t-Nw3qHtLHCuT0oeJPwfTX0ZCJOZEXGIOmgIZ-0HUjj99kutp1wdgKjEwmEaVy0ubeRepT6PKlWwvaEHltMYbOcW_oxgtiWtXo1AaCikUQBNWrzbVIvKGGox9Cvy7HBoqeH1-431SON4ngODJKpTGOIJ0Xg==mailto:[email protected]:[email protected]:[email protected]


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looking for a leverage read or have general

questions about the market. The reports

provided below are for informational

purposes.

Please click hereto access a report listing

companies that raised $100 million or less in

debt capital since the beginning of the yearthrough July 2014.

Please click hereand hereto access what we

think are some of the most complete market

surveys of junior debt providers. They provide

insights into market pricing and terms &

conditions.

About Saratoga

Saratoga Investment Corp. is a publicly

traded (NYSE: SAR) business development

company (BDC). We provide customized

financing solutions for middle market

companies located in the United States. We

typically make $5 million to $20 million

investments in: leveraged buyouts,

recapitalizations, growth and acquisition

financings.

Our investments possess many of the following attributes:

Qualitative Parameters

Leading market position

or niche with sustainable

competitive advantages

Exceptional managementteam with a meaningful

Financial Parameters

Revenues of $8 million to

$150 million and EBITDA

of $2 mill ion or greater

Strong margins and freecash flow
http://r20.rs6.net/tn.jsp?e=001dp6sbHtb5Fb6AG0kMeMpA1fQriptWIFKjiA0erhjODbDtP55OqvFVFyVkI8t-Nw3Q34Hm-4OIHyb2A6YzbsKO2TSjF5MfojM9jokHCja7ydUjkmVMHCGA42y74Z9e2yrfCj07cljrIB0hw05IpOMYXZwE8_16rGC8_Xd2VZnauBu054AXLPT5YAKGsoPN5GMZfh6aYWCyLk=http://r20.rs6.net/tn.jsp?e=001dp6sbHtb5Fb6AG0kMeMpA1fQriptWIFKjiA0erhjODbDtP55OqvFVFyVkI8t-Nw3Q34Hm-4OIHyb2A6YzbsKO2TSjF5MfojM9jokHCja7ydUjkmVMHCGA42y74Z9e2yrfCj07cljrIB0hw05IpOMYXZwE8_16rGCjFMSWcI86DCccllsVHhMu7ciXxblFFcNKVRfz5x6q2I=http://r20.rs6.net/tn.jsp?e=001dp6sbHtb5Fb6AG0kMeMpA1fQriptWIFKjiA0erhjODbDtP55OqvFVFyVkI8t-Nw3Q34Hm-4OIHyb2A6YzbsKO2TSjF5MfojM9jokHCja7ydUjkmVMHCGA42y74Z9e2yrfCj07cljrIB0hw05IpOMYXZwE8_16rGCOdgPioRDRpZ4iw3sRnOh0vAji4pv8Q3XyvF1nxmwPIk=


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stake in the business

Growth prospects in

healthy end markets

Ability to withstand

business cycles

Recurring revenues and

stable historical

performance

Modest capital

expenditure and working

capital requirements

For more information please contact:

Joe BurkhartManaging Director

Saratoga Investment Corp.535 Madi son Avenue, Fourth Floor

New York, NY 100 22Tel: 212.906.7840 | Cell: 301.648.6122 | Fax: 212.750.3343jburkhart@sara togapar tners.com

www.saratogainvestmentcorp.comwww.linkedin.com/in/josephsburkhart

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henri steenkamp: saratoga q3 newsletter (2014)

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