Co-Founder & Livingstone US Managing Partner, Steve Miles, was recently profiled by Senior Reporter John Pletz for Crain’s Chicago Business to discuss Livingstone affiliate, Sharp Capital Advisors.
In the interview, Miles lists the enormous opportunities awaiting sharp investors in the burgeoning cannabis sector.
Said Miles, “There really aren’t any traditional established firms that are operating in the space. There’s no institutional capital in the industry. There’s a need for someone with relationships to help people raise money. They’re paying 15, 16 percent for debt that would be priced at half that in any other industry.”
The article delves into Miles’ 25 years of experience in middle-market investment banking and highlights notable Livingstone transactions, including the purchase of Bolingbrook-based physical-therapy chain ATI Holdings by GTCR, the sale of Chicago’s Goose Island Brewing to Anheuser-Busch InBev for $39 million, and the $160 million sale of Mount Prospect-based currency-counting equipment maker Cummins Allison.
When asked about what Sharp Capital Advisors brings to the cannabis market, Miles stated, “We’re bringing Midwest sensibility and professionalism. We’re about nuts and bolts, cash flows, management teams, and business models.”