Structured Capital

Trive provides flexible, non-control capital solutions — including preferred equity and subordinated debt — for founders seeking growth without a traditional buyout.
of Trive’s deals have historically been Structured Capital investments
platforms completed in the last 7 years
average revenue growth across exited structured capital businesses

Trive has a proven track record of providing tailored Structured Capital solutions

As a middle market private equity firm, Trive brings an operationally focused approach to structured capital — investing across a wide range of situations that give founders flexibility without sacrificing hands-on support.

What to Expect When You Partner with Trive

What securities or deal structures can you invest in?

  • Special situation senior debt
  • Subordinated debt
  • Convertible debt
  • Preferred equity
  • Structured equity with tiered waterfall
  • Common equity

What situations could Structured Capital be relevant for?

  • Equity redemption – one shareholder buying out another shareholder
  • Acquisition financing – patient, long term capital and operational resources
  • Growth equity – invest in growth opportunities without constraining liquidity or operational flexibility
  • Management buyout – enabling management teams with significant existing ownership to gain control while providing an exit to current majority owners
  • Deleveraging – pay down senior debt to provide liquidity to the business and reduce cash interest burden
Case Study

Valpak/Clipp

Trive partnered with Amato Martin to help Clipper Magazine acquire Valpak, creating the largest shared mail provider in the United States
Video John Amato Testimonial

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John Amato CEO of Valpak/Clipp
As a minority equity partner, Trive
  • Created a bespoke deal structure tailored to the situation, with the following features:
    • Allowed existing owners to retain majority ownership and more upside vs. pursuing a traditional control buyout deal
    • Non-cash paying security created ample cushion, so the Company wasn’t worried about liquidity or violating senior covenants during an operationally intensive integration
  • Assisted in the underwriting and execution of the acquisition, identifying a consultant to help with integration execution
  • Provided support to help the Company hire key personnel for newly identified roles
  • Helped raise cheaper debt financing to reduce the cost of capital
John Amato CEO of Valpak/Clipp

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Lorem ipsum dolor sit amet consectetur. In mauris lorem velit egestas varius placerat imperdiet at. Sed sit ultricies gravida est magnis. Amet cursus curabitur egestas sed tempus sagittis egestas diam semper. Non molestie eget commodo aliquam tempus ullamcorper.

Lorem ipsum dolor sit amet?
Lorem ipsum dolor sit amet consectetur in mauris lo
rem velit egestas varius placerat imperdiet at sed situltri
cies gravida est magnis amet cursus curab.

As a minority equity partner, Trive
  • Created a bespoke deal structure tailored to the situation, with the following features:
    • Allowed existing owners to retain majority ownership and more upside vs. pursuing a traditional control buyout deal
    • Non-cash paying security created ample cushion, so the Company wasn’t worried about liquidity or violating senior covenants during an operationally intensive integration
  • Assisted in the underwriting and execution of the acquisition, identifying a consultant to help with integration execution
  • Provided support to help the Company hire key personnel for newly identified roles
  • Helped raise cheaper debt financing to reduce the cost of capital
Testimonials
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