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Breakaway Capital Provides $6MM to Art Brand Studios

January 15, 2015, 07:19 AM
Filed Under: Specialty Industries

Breakaway Capital Partners Fund, has funded a $6 million senior secured credit facility and equity co-investment to finance Next Point Capital's recapitalization of Art Brand Studios, LLC.

Art Brand Studios is the owner of the Thomas Kinkade Company which holds the exclusive license to sub-license and publish artwork created by or inspired by the late Thomas Kinkade. Mr. Kinkade is one of the most commercially successful artists in history and is considered by many to be the most recognized art brand in America. Pursuant to a license from the Walt Disney Company, the company also publishes Thomas Kinkade-inspired, Disney-themed art. The company's licensees include Hallmark Cards (greeting cards), Bradford Exchange (collectibles), AMU (calendars) and CEACO (puzzles).

"We are excited to have Breakaway Capital as our financing partner. Breakaway's ability to be creative, flexible and close quickly was a tremendous benefit to us," said Mark Mickelson, Managing Partner of Next Point Capital.

The Art Brand Studios transaction represents Breakaway Capital Partners Fund's initial investment. Warren Woo, Managing Partner of Breakaway Capital Partners Fund said, "We are thrilled to provide debt financing to and be an equity partner with Next Point. This transaction is representative of Breakaway's strategy to provide complete one-stop financing solutions for lower middle market companies, financial sponsors and independent sponsors."

Breakaway Capital is a private investment firm based in Los Angeles with approximately $50 million of committed capital under management. Focused on companies with up to $5 million of EBITDA, Breakaway provides senior debt, subordinated and mezzanine debt, unitranche structures, structured equity and common equity to companies for leveraged buyouts, acquisitions, recapitalizations, restructurings and growth capital for both sponsored and non-sponsored transactions.

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