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RESOURCES

Our Investment Professionals

Here at NextGen Growth Partners, you get more than committed capital: you get partnerships. Our Deal Team is comprised of seasoned investment professionals who work alongside our Entrepreneurs-in-Residence through the search, due diligence, and transaction processes. From the launch of  a search, they help identify industries of interest, vet prospects, speak to management teams, conduct due diligence, and facilitate relationships with necessary external service providers.

How does the Deal Team help with each stage of the deal process?

Upon initiating a conversation with a prospective seller, the Deal Team helps facilitate a non-disclosure agreement between both parties. If working directly with a seller, the team reviews, marks up, and executes an NDA. This document to ensure any proprietary information shared remains confidential.

Once an NDA is signed, the Deal Team and EIR send an initial request to the prospective seller for financial information. After receiving this, the Deal Team reviews the data received, provides feedback, identifies red flags, and communicates follow-up information requests.

When appropriate, the head of our Deal Team visits a business’s headquarters alongside our EIR. In advance of the meeting, the Deal Team works with the EIR to put together an agenda, including key questions to be answered, and presentation materials.

If and when the timing is right, the Deal Team facilitates crafting and negotiating the LOI. This document is a nonbinding letter outlining the terms and price of a prospective deal. The team provides feedback on key transaction terms, including purchase price and deal structure.

The due diligence process takes approximately 90 days, and features several steps and external service providers, including further Business Diligence, Financial & Tax Diligence, Lender Diligence, IT Diligence, Background Checks, Insurance Diligence, and Legal Diligence. Our seasoned team is supporting our EIR every step of the process, including creation of financial models and third-party workstreams. They also solicit, review, and negotiate term sheets with lenders.

Once through due diligence, the Deal Team will help facilitate a purchase agreement, which outlines in detail the legal terms governing the transaction. They negotiate key terms in the purchase agreement (reps and warranties, net working capital, etc.).

The Deal Team ensures finalizing the transaction happens as smoothly and efficiently as possible, including managing the Funds Flow.

Meet Our Deal Team.

Partner

Jim is a member of NGP’s Executive team and has over twenty three years of investing, consulting, finance, M&A, operational, and military leadership experience. He has over 16 years of private equity experience, a majority of that spent as a partner at HCP & Company.

Vice President

Cody is a Vice President on the Investment Team, where he is responsible for evaluating, executing, and monitoring new investment partnerships. Prior to joining NGP, Cody was a senior associate at Cressey & Company, a healthcare private equity firm based in Chicago.

Associate

Nick is an Associate on the Investment Team, where he is responsible for identifying, evaluating and executing investment opportunities, as well as monitoring portfolio companies. Prior to NGP, Nick worked as an Analyst at JPMorgan in Leveraged Finance.

Senior Analyst

Tom is a Senior Analyst on the Investment Team, where he is responsible for identifying, evaluating and executing investment opportunities, as well as monitoring portfolio companies. Prior to NGP, Tom worked as an Associate at Stout in Valuation Advisory.

Meet Our Deal Team.

Partner

Jim is a member of NGP’s Executive team and has over twenty three years of investing, consulting, finance, M&A, operational, and military leadership experience. He has over 16 years of private equity experience, a majority of that spent as a partner at HCP & Company.

Vice President

Cody is a Vice President on the Investment Team, where he is responsible for evaluating, executing, and monitoring new investment partnerships. Prior to joining NGP, Cody was a senior associate at Cressey & Company, a healthcare private equity firm based in Chicago.

Associate

Nick is an Associate on the Investment Team, where he is responsible for identifying, evaluating and executing investment opportunities, as well as monitoring portfolio companies. Prior to NGP, Nick worked as an Analyst at JPMorgan in Leveraged Finance.

Senior Analyst

Tom is a Senior Analyst on the Investment Team, where he is responsible for identifying, evaluating and executing investment opportunities, as well as monitoring portfolio companies. Prior to NGP, Tom worked as an Associate at Stout in Valuation Advisory.

Meet Our Deal Team.

Partner

Jim is a member of NGP’s Executive team and has over twenty three years of investing, consulting, finance, M&A, operational, and military leadership experience. He has over 16 years of private equity experience, a majority of that spent as a partner at HCP & Company.

Vice President

Cody is a Vice President on the Investment Team, where he is responsible for evaluating, executing, and monitoring new investment partnerships. Prior to joining NGP, Cody was a senior associate at Cressey & Company, a healthcare private equity firm based in Chicago.

Associate

Nick is an Associate on the Investment Team, where he is responsible for identifying, evaluating and executing investment opportunities, as well as monitoring portfolio companies. Prior to NGP, Nick worked as an Analyst at JPMorgan in Leveraged Finance.

Senior Analyst

Tom is a Senior Analyst on the Investment Team, where he is responsible for identifying, evaluating and executing investment opportunities, as well as monitoring portfolio companies. Prior to NGP, Tom worked as an Associate at Stout in Valuation Advisory.

Frequently Asked Questions

What assistance will I get to source and close a deal?

Our Entrepreneurs-in-Residence (EIRs) have access to our entire network of seasoned advisors, operators, quarterly interns, and staff members that will help guide them through the entire process. In particular, the Deal Team helps our EIR’s in two distinct ways.  First, the Deal Team helps our EIR’s source deals.  This is accomplished by tapping our vast network of brokers and intermediaries, providing searchers with access to our CRM, which now houses over 100k leads in 500+ industries, and also accompanying them to management meetings.  Second, the Deal Team is also involved with the diligence process.  This includes helping our EIRs analyze the financials, negotiate the deal, secure funding, liaise with service providers, and assisting with the value creation plan.

How do you mitigate the risk of buying “bad” businesses?

The investment process is centered around looking for structurally sound businesses with a proven track record of stability and growth.  Our preference is to look for recurring revenue businesses that are mission critical, B2B, with limited cyclicality.  The Deal Team works alongside the EIRs to understand the contours of the business, delving into important topics like customer concentration, customer churn, key man risk, bench strength, employee turnover, and much more.

What if I like a business but the Deal Team does not like the deal?

The Deal Team’s goal is to set you up for success as a new CEO (remember, this is a 5-10+ year endeavor you are undertaking). We do that by supporting you in acquiring a good business in a great industry at the right price.  In any deal, we work alongside you to assess the relative merits and risks of the opportunity by digging in on the financials, asking questions to uncover any “speedbumps” you may face post-close, and putting you in touch with industry leaders from our vast network. NextGen only does well when you do well, and we want to increase your chances of success. Given the alignment of interests, this hasn’t been an issue for our entrepreneurs.

Are you ready to lead a company into its next phase of growth?

OUR CRITERIA

EIR candidates must be motivated, passionate, bias to action, and persistent.

Possess sharp analytical and financial skills.

A high EQ, coachability, curiosity, integrity, and exceptional communication skills.

Experience is everything. Potential candidates must have a track record of achievement and leadership.

EIRs must be team players and open to any and all collaboration opportunities.

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