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ExWorks Provides $13MM to Fund PE Buyout of Multi-Platform Publishing Co.

September 29, 2017, 07:00 AM
Filed Under: Publishing

ExWorks Capital provided $13 million in financing to support the private equity acquisition of a U.S. based multi-platform media company that was established in 2009. The company is a leader in its field with large presence online through advertising on the Company's well-known websites. The company’s advertising also includes printed publications, subscription services, and magazines known worldwide.
ExWorks Capital provided a private equity fund (PE Fund) term loan financing to supplement their equity investment for the acquisition of this Company.
"ExWorks was able to move quickly to provide the necessary funding in order for the PE Fund to close the acquisition of this media company, which will serve as its platform entity. Now that they have the asset under their control they will work with traditional lenders to refinance our debt. Due to significant amount of time it takes traditional lenders to close they could not use them for the initial closing or they would have lost the deal. Once again our ability to move quickly and efficiently has benefited both our client and our fund." stated Luke LaHaie, Senior Director at ExWorks Capital.

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