Cannondale was one of the largest and best known bicycle companies in the world.
After experiencing rapid growth, Cannondale sought a new debt facility to refinance its existing debt and bring in additional capital to support its expansion.
Carter Morse & Mathias began advising Cannondale from the time it was a $30 million private company until it had grown to approximately $200 million in revenue. Over the years Carter Morse & Mathias served in many roles, raising several rounds of debt and equity capital, serving on the board of directors, chair of the audit committee, issuing several valuations, and providing other financial advisory services. For this transaction, Carter Morse & Mathias was Cannondale’s exclusive financial advisor in arranging a $30 million revolving credit and term loan with Barclay’s Business Credit.