WatchGuard Video had the opportunity to buy out a significant stakeholder in their business. Time was of the essence. Their banker was on board. But, they needed some stretch capital to complete the transaction. And, CONTROL was a chief concern.
Valesco was able to bring on the necessary capital, providing WatchGuard with an unsecured loan that was subordinated to their bank’s credit facility yet left them in complete control of their business. Further, Valesco made its proposal, conducted its review process and completed the capital commitment ahead of schedule.
Valesco’s flexible orientation – investing in both control and non-control situations, along with a 20-year history of successful investments and a committed fund of capital from which to invest were keys to helping WatchGuard achieve their goals.
WatchGuard Video is the world’s largest designer and manufacturer of in-car video systems for law enforcement. Founded in Allen, Texas in 2002, WatchGuard sells its in-car and wearable camera systems to 5,000 different law enforcement agencies nationwide.