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3-Dec-13-2023-07-13-51-1672-PM
2-Dec-13-2023-07-14-12-5417-PM

For Financial Sponsors


Our team provides sale leaseback advisory services to financial sponsors including private equity firms, independent sponsors, search funds, family offices, and holding companies. We operate across all business industries and real estate asset types throughout North America and Europe. We provide services for financial sponsors in two main approaches, 1) Portfolio Optimization and 2) Acquisition Financing.

Learn How It Works:

FIRMS WE WORK WITH

KpS Capital Partners and Lufkin-1
Broadtree and Seanair-1
Bain Capital and Valeo Foods
Columbia River Partners
Hidden Harbor and Quaker Valley Foods-1
HIG Capital Logo
KSV Global
EQT and Widex
Olympus Partners Logo-1
MiddleGround Capital Logo (3)

SALE LEASEBACK

Two Approaches for Financial Sponsors

Portfolio Optimization

We review your existing portfolio of corporate owned real estate, identifying unrealized opportunities to convert non-earning assets into accretive capital. Our competitive investor marketing process generates optimal economics and lease terms on every deal.
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Acquisition Financing

We optimize your acquisition capital stack to provide an advantage when competing in an M&A process, while maximizing return on invested capital for your investors. Our expertise ensures there is never a concern about closing alongside your M&A transaction.
Premium

$1200

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Sale Leaseback Applications & Benefits For Financial Sponsors


The sale leaseback strategy is a creative tool that financial sponsors use to help finance new acquisitions and enhance existing portfolio companies. By carving out the real estate assets from an operating business, either concurrent with the acquisition or later during the hold period, sponsors can unlock a meaningfully higher value for the real estate, while creating positive arbitrage through the process.

Benefits of Sale Leaseback Strategy

Higher & Better Use of Capital
Arbitrage of EBITDA Multiple vs Cap Rate
Attractive Financing Alternative
Flexible Capital Solution
Equity Value Creation
Holistic Liquidity Solution for Seller in M&A
Competitive Advantage in M&A Process

Premium

$1200

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Use of Sale Leaseback Proceeds

Financing in M&A Cap Stack

Source of Expansion Funding

Investment in Equipment and CapEx

Source of Liquidity  

Balance Sheet Optimization

Reinvestment into Core Operations

Payment of Sponsor Dividend

Premium

$1200

Free Forever. As long as you hustle. No credit card required
SIGN UP
  • We create amazing digital products.
  • We create amazing digital products.
  • We create amazing digital products.
  • We create amazing digital products.
  • We create amazing digital products.

The Sale Leaseback
Arbitrage Calculator

Real estate and operating businesses trade in different markets, at different multiples. Quantify the spread on your target before you bid.
$
$1M $50M
Target's annual EBITDA for most recent 12 month period.
×
1.0× 20.0×
EV/EBITDA multiple you are valuing the business at.
$
$0 $10M
What a sale leaseback would set as market rent for the target's owned real estate.
%
1.0% 20.0%
The yield (inverse of a multiple) that a sale leaseback would apply for this asset.
Pre-SLB Enterprise Value
$0
Value of the operating business and the real estate bundled at the same rate.
Real Estate Sale Leaseback Value
$0
Annual rent divided by cap rate.
Pro-Forma Operating Business Value
$0
Same business multiple applied to rent-adjusted EBITDA.
Post-SLB Enterprise Value
$0
Operating business value plus real estate sale leaseback value, priced separately.
The Spread
$0
+0% versus pre-sale leaseback enterprise value.

Want to run this calculation on a specific acquisition target?

Schedule 20 minutes with our team to walk through the analysis on your actual deal.

Schedule a Meeting
Ascension Advisory · Sale Leaseback Advisory · This tool provides directional estimates only, not a valuation opinion.

FORBES

The Novel Sale Leaseback Strategy That's Taking Over The Industry

Hear From Financial Sponsor Clients

Co-Founder of Private Equity Firm-1

"The Ascension team delivered on everything they proposed and hit the aggressive timeline we asked for. Their thoroughness and professionalism throughout the process was fantastic and we won’t hesitate to work with them again."

Co-Founder of Private Equity Firm
Vice President of Private Equity Firm-1

"The Ascension team delivers reliable and timely execution with attentive and highly responsive service. We trust the Ascension Advisory team to move quickly to achieve our real estate-related objectives."

Vice President of Private Equity Firm
Partner of Midwest Private Equity headshot

"This sale leaseback was very important for the Company. It unlocked meaningful capital for us to redeploy into higher ROI opportunities that will help drive the Company's growth for years to come. The Ascension team was integral to making this possible."

Partner of Private Equity Firm
Associate Private Equity Firm

"Ascension delivered an excellent SLB outcome on an accelerated timeline that tracked our M&A process. As such, we were able to consummate a RE deal simultaneously with our M&A transaction and helped us fund the M&A deal."

Associate of Private Equity Firm
Pat Voelker

"I enjoyed our experience working with Ascension Advisory. I would recommend Ascension again to be used by our firm or will suggest you all to other PE firms that ask for recommendations."

Vice President of Private Equity Firm
middle aged man wearing suit jacket and white shirt

"We have worked with Ascension in the past, and have always had a very strong experience.  Very strong attention to detail, real-time communication, work ethic, and an excellent grasp of the market are a few of the reasons I continue to work with Ascension."

Principal of Private Equity Firm
Group Chairman of European-Based Private Equity Firm

"The Ascension team supported us every step of the way during our process. The deal team was very helpful in keeping this transaction on track and worked diligently with all parties involved toward a successful close."

Chairman of Private Equity Firm