Riverside Touts Ability to Fill Gaps During M&A 'Giant Pause' (Franchise Times)
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As many M&A deals ground to a halt in the pandemic, private equity firm Riverside took an unusual step: sending an open letter saying they had capital to provide to get deals done.
"In the world of deal-making, it might feel like we hit a giant 'pause' button. At Riverside, we have a lot of tools to get things restarted," the letter said, then laid out ways Riverside can provide "non-control" capital to "bridge the gap in the capital structure if lenders have changed terms in this challenging environment."
