STAT is a machine learning-based invoice audit software platform helping retail suppliers optimize revenue by reducing improper deductions and compliance fines from large retailers. STAT has audited over $300 billion in retail transactions for the largest retail suppliers in the world and has the highest recovery rate in the industry, as well as the most comprehensive claims avoidance program. With a wealth of industry experience and advanced software solutions, STAT offers a unique approach backed by proprietary intellectual property and a scalable delivery model. STAT consistently achieves exceptional financial outcomes for its clients by optimizing recovery processes and instilling best practices to improve the overall supplier-retailer relationship.
STAT engaged Candlewood Partners to serve as its advisor and investment bank to finance its acquisition of The Moresby Group. Candlewood worked alongside both STAT and its private equity sponsor, Cambridge Capital, throughout the entirety of the capital raise process.
Candlewood supported both STAT and Cambridge throughout the transaction, including facilitating lender due diligence, structuring of the transaction, and negotiation of financing-related documentation. The Moresby Group represented a transformative acquisition opportunity for STAT and Cambridge. Candlewood worked closely with all stakeholders to navigate a complex, cross-border transaction on a tight timeline, ultimately culminating in a successful transaction that positioned the STAT platform for further growth with a strong closing capital structure.
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Candlewood Partners, LLC
Established 2001
