Teamshares raises $225M Series A preferred from T. Rowe Price affiliates

Live Oak Acquisition Corp. V

Closed $225M offering of 225,000 Series A preferred shares at $990 each ($1,000 liquidation preference, 1% OID).
Dividend 16.0% cash / 18.0% PIK, steps down to 14.5% / 17.5% on EBITDA and leverage tests; non-voting, non-convertible.
Proceeds primarily fund acquisitions; up to $75M additional issuance to other institutional investors allowed.
CEO cites 15,000 size-qualified SMEs for sale annually; added LOIs beyond $30M EBITDA under LOI on last call.
Goldman Sachs acted as exclusive financial advisor; T. Rowe Price accounts advised by TRPIM invested.

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