Franchise Group Uses SecureDocs to  Manage Confidential Documents Easily

OVERVIEW

Franchise Group

Franchise Group is headquartered in Delaware, Ohio and is an owner and operator of franchised and franchisable businesses that continually looks to grow its portfolio of brands while utilizing its operating and capital allocation philosophy to generate strong cash flow for its shareholders. Franchise business lines include, Pet Supplies Plus, American Freight, The Vitamin Shoppe and Buddy’s Home Furnishings. On a combined basis, Franchise Group currently operates over 1,800 locations predominantly located in the U.S. that are either Company-run or operated pursuant to franchising agreements.

The executive team at the Franchise Group realized that managing the many sensitive documents generated during routine M&A and financing rounds had become challenging and wanted to find a solution that was affordable, easy-to-use, and allowed them to manage multiple projects easily.

Results

Franchise Group found exactly what they were looking for with a SecureDocs Virtual Data Room. The team now keeps their confidential documents organized in virtual folders, which they can share securely internally and with third parties. And the platform fits their budget requirements too. 

So far, Franchise Group’s SecureDocs Virtual Data Room has helped them organize and share confidential documents to support:

• $1.3 billion in debt financing
• A $252 million divestiture
• A $112 million equity offering
• A $31.3 million preferred stock offering
• Share documents securely with their board of directors
• Evaluate multiple M&A opportunities
  
  

The platform is so affordable and easy to use that they are now considering a second SecureDocs Virtual Data Room for their internal audit group.

“We recently completed a $1.3 billion financing and a $252 million M&A transaction where the virtual data room was SecureDocs.”

Andrew Kaminsky, Executive Vice President and Chief Administrative Officer

Franchise Group