As many M&A deals ground to a halt in the pandemic, private equity firm Riverside took an unusual step: sending an open letter saying they had capital to provide to get deals done.
"In the world of deal-making, it might feel like we hit a giant 'pause' button. At Riverside, we have a lot of tools to get things restarted," the letter said, then laid out ways Riverside can provide "non-control" capital to "bridge the gap in the capital structure if lenders have changed terms in this challenging environment."