Purveyors of Constructive Capital

Profitable small companies belong in private hands.

Arbor Row Capital takes profitable micro-cap public companies private and compounds their value where the public markets never could.

Sub-$100MProfitableNo debt · No roll-ups
For Company Owners

You built a real business.
The market stopped noticing.

You may be waiting for the market to discover your company. It will not — and it has nothing to do with your business quality or your team's performance. The analyst who would cover your stock works for a firm that closed its small-cap research desk years ago. The institution that would own your shares runs a fund too large to take a meaningful position. The liquidity that would attract buyers does not exist because no one is building it.

Meanwhile, you pay $1.5M–$2M every year — in D&O insurance, SOX compliance, audit fees, and investor relations — for a listing that delivers none of the benefits it was supposed to provide.

~30%
of EBITDA — the annual cost of a public listing that delivers nothing in return.
$1.5M–$2M every year. Producing nothing.

Illustrative Arbor Row estimate for a company with approximately $5M of EBITDA. Actual public-company costs vary by filer status, listing venue, insurance, advisers, controls, and complexity.

A different kind of conversation.

We are not activists. We do not accumulate positions in your stock, write public letters, or fight boards. Every conversation we have is private. Every transaction is bilateral. We show up once, with a full offer, in partnership with management — or not at all.

The Whitespace
7
In a three-year internal review, Arbor Row identified seven financial-sponsor take-privates targeting a U.S. public company under $100M — each by a different firm, none repeating.
Widening the same review to the entire sub-$1B market produced sixteen transactions.

Arbor Row internal estimate based on a three-year review of publicly announced U.S. financial-sponsor take-private transactions. Counts depend on transaction classification and available public data.

16 sponsor take-privates under $1B7 · our zone$100M$1B$10B
No repeat sponsor emerged in that review. Arbor Row was built around this segment.
How the Math Works

Value creation without leverage.

On day one of going private, ~$1.5M in annual listing costs flows back to EBITDA — without changing a single customer relationship. Add the NJA platform's tax and operating improvements, a few years of steady growth, and a sale at a private-market multiple: value roughly triples with no debt.

An illustrative path from 25 million dollars entry enterprise value to approximately 80 million dollars exit enterprise value through EBITDA growth and multiple expansion, without leverage.$25M+$25M+$30M~$80MEntry EV$5M EBITDA × 5.0×EBITDA growthcosts eliminated + platform + scaleMultiple expansion5.0× → 8.0× at exitExit EV~$10M EBITDA × 8.0×
≈ 3.0× MOIC
No leverage · ~5% annual growth
Value created by the business, not the balance sheet

Illustrative scenario, not a forecast or return promise. The example assumes $5M of entry EBITDA, eliminated listing costs, operating improvement, approximately 5% annual growth, and a change from a 5.0× entry multiple to an 8.0× exit multiple. Actual results may differ materially.

Going Private, Done Right

What going private with Arbor Row means.

Your overhead burden disappears

$1.5–2M per year — audit fees, listing costs, investor relations, SOX compliance — flows back into the business immediately.

Your team gets a real platform

Tax, CFO, legal, and growth support from Neil Jesani Advisors — from day one.

Your people participate

From ESOPs and management equity pools to options and incentive units, every transaction is structured so the people who build the business benefit from the exit.

You stay in charge

Management rollover is standard on every deal. We back operators; we don't replace them.

There is a clear path

A multi-year partnership building toward a high-value exit — with you and your team participating in the full upside.

“One of us has run two public companies — and knows exactly what the quarterly cycle, the thin trading, and the isolation feel like from the CEO chair.”

The NJA Platform

An operating platform from day one.

Arbor Row is an affiliate of Neil Jesani Advisors — one of the country's leading multi-disciplinary advisory firms, serving 1,000+ high-net-worth and ultra-high-net-worth clients across tax, wealth management, legal, and business advisory. Every Arbor Row portfolio company receives the full NJA operating platform from day one.

Tax Optimization & Equity Structuring

Entity restructuring, tax optimization, and equity compensation design. Illustrative potential Year 1 savings: $200K–$500K. Arbor Row internal estimate; actual savings depend on each company's facts and implementation.

CFO Advisory & Profitability Improvement

Financial infrastructure, KPI dashboards, and a structured first-90-day profitability review.

In-House Legal Counsel

Contract management, employment law, and M&A support — without the outside law firm billing clock.

Growth & M&A Support

Bolt-on sourcing, commercial partnerships, and revenue advisory.

The Process

Outreach to close — in about 90 days.

Engage
Days 1–30
Structure & Sign
Days 30–60
Approve & Close
Days 60–90
1
Outreach
2
Prelim. review
3
Special committee
4
Diligence
5
Sign & announce
6
SEC filing
7
Shareholder vote
8
Close & delist
Day 0306090

Illustrative process and timing only. Transaction structure, diligence, financing, regulatory review, required approvals, and other facts can materially change the sequence and closing timeline.

Team

Operators first. Investors second.

The investment team brings operating, transaction, and private-equity experience to the same table.

Neil Jesani

Neil Jesani

Managing Partner

Neil founded Neil Jesani Advisors in 2006 and built it into one of the country's most respected multi-disciplinary advisory platforms, serving 1,000+ high-net-worth, ultra-high-net-worth, and mid-market clients across tax, wealth management, estate planning, and legal services. The NJA operating platform is the core competitive advantage of Arbor Row — deployed from day one of each acquisition.

David Cohen

David Cohen

Co-Head of Investments

David spent 20+ years leading private and public companies and as head of investment banking. He ran two public companies — Carolco Pictures ($10M→$100M+) and Petroleum Consolidators ($12M→$75M+) — and knows the true cost of small-cap public life firsthand. Today he takes companies private: acquire control, delist, build value, and exit at a private-market multiple.

Jeremy Corkhill

Jeremy Corkhill

Co-Head of Investments

Jeremy brings 25+ years across private equity, M&A, and corporate strategy, 40+ transactions worth more than $10B. A career strategic acquirer, he led Janus Henderson's $6B merger as Global Head of Corporate Development, and was earlier a member of the Credit Suisse Private Equity team. That depth of experience across the deal table means a seller can count on a smooth, well-run process, and a close that lands on time.

Jackie de Sanctis

Jackie de Sanctis

Managing Director, Capital Formation

Jacqueline de Sanctis is Managing Director of Capital Formation at Neil Jesani Investment Management LLC. Ms. de Sanctis joined in September 2026 from ClearSky, where she served in the same capacity since 2023. Ms. de Sanctis previously served as Head of Institutional Business Development at Cliffwater and as Managing Director at Neuberger Berman, where she spent 10 years working with investment consultants and institutional limited partners. She also worked at Allianz Global Investors, Credit Suisse, and J.P. Morgan in similar roles and began her career at Callan Associates in Global Manager Research. Ms. de Sanctis holds an M.A. Honors in Classical Studies from the University of St. Andrews.

Contact

Two ways to reach us.

Company owners & boards

A quiet conversation, no obligation.

If you lead or advise a profitable public company that no longer belongs in the public markets, we'd welcome a confidential discussion.

Investors & LPs

Partner with the fund.

For Qualified Purchasers exploring an allocation to a differentiated micro-cap take-private strategy. Our capital formation team will follow up directly.

“Qualified Purchaser” is a defined legal term. Eligibility depends on the investor's facts, applicable law, and the offering documents. See Rule 2a51-1.

West Palm Beach Office
515 N Flagler Drive, Suite 350
West Palm Beach, FL 33401
561-370-7400

For Qualified Purchasers
An affiliate of Neil Jesani Advisors

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