Opus Bank’s Corporate Finance division provides senior debt financing for the acquisition of mTAB LLC by Poplar Partners
Overview of Transaction
mTAB LLC (“mTAB”) has been the choice of Fortune 1000 firms seeking to manage, analyze, and distribute survey data. mTAB SaaS based model allows large groups of people within a firm to use survey data compiled over years with greater ease and productivity.
Significance of Transaction
The acquisition of mTAB marks the first acquisition completed by Poplar Partners.
Poplar Partners and some of its investors presented to Opus’ senior management at the bank’s headquarters. As such, both parties developed a trust and confidence in one another which is unusual in today’s financial ecosystem.
Opus Bank's Role
Given the asset light nature of mTAB, the financing structure required an enterprise value approach to lending.
Opus Bank was able to evaluate the transaction and propose terms within a two-week time frame, thereby allowing Poplar Partners to move confidently through the final negotiation process of the acquisition. The final deal structure was identical to the proposed terms.