![]() ![]() Health officials say nearly a dozen people have died of the illness since last Friday.Ĭamille Chalmes, a professor of economics and sociology at Haiti’s State University, says the demonstrations are a response to what has become an un-survivable situation. The scarcity and risings costs have forced many businesses to shut down, including hospitals, a water bottling company, and key services, as health authorities announced the poorest country in the western hemisphere may now be in the grips of a cholera outbreak, likely the result of contaminated water. Gasoline can only be found on the black market at the whopping cost of $30 U.S. SEE MORE: Thousands Of Haitians Fleeing To The U.S. “The people are on the streets demanding schools, health, security we want infrastructure, and we will continue to mobilize,” said a protester. This week, Haitian Prime Minister and Acting President Ariel Henry called for international aid to help the Caribbean Island, as Haiti’s most powerful gang has blocked access to the country's largest fuel terminal, vowing not to move until the Prime Minister steps down, and prices for fuel and basic necessities decrease. ![]() We've been in the streets for days, and they don't understand our demands.” “The cost of living is too high, and we don't have enough to eat. “We've been suffering for a long time,” a local resident and protester said. Our focus is to determine that we want to close, get it done, and start a positive partnership with you and/or your management team.Unrest is growing in Haiti’s capital weeks after the government announced steep hikes to fuel prices on the island, despite fears it could cause an already frail economy to collapse and inflation that has soared to over 30%. We feel that usually leads to fights between the parties, doesn’t change the economics in any material way, and is a waste of everybody’s time and emotional energy. For example, we don’t have a working capital adjustment mechanism in our documents. Thereafter, we deliver fair and balanced transaction documents and avoid the usual pitfalls that lead to fights. Our focus is to confirm the accuracy of the data and then get a better knowledge of the people that we will be working with after the deal closes. The transaction process after that is a very quick and efficient one. We provide a detailed letter of intent that sets forth in very clear terms the conditions and terms under which we will close. ![]() We think it’s a waste of everybody’s time to do that, and as such we operate in exactly the opposite way. Many private equity firms have a bad reputation for setting deal terms and then trying to use the transaction process towards to exact further concessions. We also provide assistance in developing the assets, staff, and systems to get these businesses to the next level. Further, Ashland regards each of its portfolio companies as long-term investments and will stand behind our portfolio companies and their management teams as they endure short-term challenges.Īdditionally, Ashland provides growth capital in partnering with successful entrepreneurs in early-stage businesses, specifically with profitability of between $1 – $5 million in TTM EBITDA.Īs a long-term partner, Ashland can offer mature relationships with institutional investors and lenders alike, and can thus reduce the overall cost of capital which would otherwise be impossible for this size of company. Our investments are not bound by the predefined exit horizons with private equity models, thus allowing our investment partnerships to evolve unhindered by the external requirements of institutional capital. We invest for the long term, partnering with in-place management teams to create lasting business value.Īshland is a partnership of family and individual investors which, as opposed to a traditional fund model, is advantageous for both us and the companies with whom we partner. ![]() Ashland acquires controlling interests in companies with values ranging from $10 million to $50 million and strengthens these businesses with targeted, strategic guidance. Ashland Capital is a Chicago-based private investment firm devoted to investing in and growing companies in the lower-middle market. ![]()
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