The First Steps to a Family Holdco

And so we planned on having a healthy cash balance in the business post, post close and, and planning for that was the right thing in the end.

And effectively that was when you were structuring the deal. That was kind of a working capital infusion, essentially.

And effectively raise the purchase price by that amount.

Yeah, yeah, yeah.

Can you share how much that was.

How much networking capital we left?

Yeah.

Or, or as you talked, as you describe it, kind of your cash cushion, which is kind of a different psychological thing than working capital. But yes, this sum.

Yeah, I mean we, we did a, an additional cash injection which was call it maybe 20% of the equity, fresh equity that we put in. So we, is that right? A little bit less. So 10, 10 to 20% of, of the equity was, was just the cash injection of the fresh equity. So that was kind of how we, we, we set it up.

And this is, we were willing to give up kind of our equity stake a bit to have that cash cushion in the beginning so that we can sleep at night the first few months and have easier conversations with lenders. We could have taken more equity and we could have raised less money and retain more equity. But we decided to be on the safer end and luckily we did because this happened.

Yeah. Yep.