Financing to Advance Technology and Go-To Market Strategy
CHICAGO — Auctus Capital Partners is pleased to announce its role as exclusive advisor to Telewave, Inc., supporting the leading enterprise radio frequency telecom and wireless systems equipment provider secure an asset-backed credit facility from LSQ. The transaction — which enables the client to better manage its supply chain and enhance its go-to market strategy for products that will lead advancements in sensor and antenna technology — was led by Auctus’ Vice President of Capital Markets Ovais Siddiqui.
“We are delighted to have Telewave as our client and look forward to working collaboratively as the company continues to solidify its competitive advantage and evolve as a true category leader in telecom,” said Muhammad Azfar, CEO and Managing Partner of Auctus Capital Partners.
Telewave is a global supplier of interoperable wireless communication systems, components and mission critical applications for public safety providers, local and state governments, utility companies, transportations industries, and federal agencies across the world. Its products include transmitter combiners, receiver multicouplers, filters and cavities that support Land Mobile Radio, Cellular, SMR, GSM, and Broadcast services.
“Distributed antenna networks and related equipment represent the most attractive areas of growth in telecom, especially as building codes and public safety standards increase requirements for distributed antenna systems (DAS). In fact, the DAS category on its own is expected to grow 10.9% (to $13.7 billion) by 2023, supported by FirstNet additions and general growth in the public safety IoT market (estimated to increase by 15.8% (to $2.4 billion) by 2025),” said Siddiqui.
Working closely with Telewave, Auctus Capital Partners secured financing from LSQ, which improves its supply chain, streamlines distribution, and provides working capital for growth. Auctus teams worked to improve terms of the credit facility and collateral structure, while mitigating unforeseen variables that surfaced around the COVID-19 pandemic.
“Auctus Capital Partners understood our needs and managed the transaction diligently and efficiently throughout, essentially working as our extended corporate finance arm,” said Telewave CEO Bob Saffari. “We are grateful to have a conscientious partner supporting us through an unprecedented time as Telewave transforms in its next phase of growth. We hope to continue working with Auctus on future transactions.”
Telewave implemented a two-year strategic plan under the leadership of Saffari to revolutionize its product portfolio and meet current technology needs and increasing demand for extended coverage and capacity. As part of its technology roadmap, the company will remain focused on its most advanced products, such as Portable Digital Meters (PDM), In Line Power Sensors (IPS), Distributed Antenna System (DAS), and 5G Antennas.
More information is available at https://www.telewave.com/.
About Auctus Capital Partners
Auctus Capital Partners is a leading financial services and investment banking firm focused exclusively on creating value for the lower middle market. We specialize in merger & acquisition advisory, institutional private placements of debt and equity, financial restructuring, valuation, and strategic consulting. Our senior bankers have deep domain expertise across a range of industries, with the necessary foresight to navigate highly-complex transactions to maximize value and achieve optimal outcomes for clients.
Telewave designs and manufactures high quality RF system products. It serves wireless system operators, public safety providers, local and state governments, Utility and Transportations, and federal agencies in the United States and internationally. The company was founded in 1972 and is based in San Jose, California. Telewave strives to be the premier supplier of seamless interoperable communication systems that provide security and reliability in mission critical eco-systems for both commercial and military applications worldwide. Telewave products are used by more than 7,500 equipment and network manufacturers and government agencies throughout the world.
LSQ helps businesses better manage their cash flow to make the most of whatever they’ve earned. Offering invoice financing and supply chain finance solutions, LSQ provides clients with a simple, secure, and honest funding experience. LSQ blends human insights with the analytical power of technology to develop products that give customers the means to accelerate the flow of business. LSQ, headquartered in Orlando, Florida, has helped 1,000s of companies access $25 billion in its 20+ years in business.