This week we continue our conversation with Justin Kaplan, Partner, Balance Point Capital Partners, a lower-middle market investment firm with offices in Westport, CT and Hartford, CT. Second of two parts – View part one
The Lead Left: Cov-lite? For a $5 million ebitda business?
Justin Kaplan: When I say “cov-lite,” I mean that mezz investors usually get three or four covenants, but instead now they’re getting one.
TLL: OK, that’s better. I was about to throw in the towel.