Software & Services Company

Business Capital Pre-Acquisition Mezzanine Financing for Silicon Valley Software and Services Company

“Congratulations to Memeo on its successful sale to Global Unicom, Effective March 31, 2014.” -Chuck Doyle, Managing Director, Business Capital

Our Client

Memeo is a leading Silicon Valley technology venture capital backed company that successfully built a global and extensible cloud-based mobile platform enabling digital file sharing, synchronization and back-up for smartphones, tablets, personal computers, and laptops.

The Situation

In order to capitalize on the consolidation trends in the cloud storage and collaboration market, Memeo positioned itself for a for an acquisition and desired a sub-debt component to provide extra liquidity as they navigated the sale process. Memeo’s CEO had worked with Business Capital successfully on three previous transactions and engaged the firm to raise Mezzanine Capital prior to this exit.

The Solution

The financing delivered by Business Capital allowed Memeo to continue to grow and operate without interruption, further improve the balance sheet and led to a successful sale to GLOBAL Unicom.

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