Leftfield Entertainment Acquisition Finance Sirens Media
ACF Investment Bank has arranged acquisition funding to support Leftfield Entertainment’s buy and build strategy. The bank consortium includes; Barclays Bank, RBS Citizens and Sun Trust.
This further consolidates our position as the No. 1 Mergers & Aquisition Investment Bank acting in the global Independent TV Production and Distribution sector. ACF has negotiated market leading term debt facilities for its client, Leftfield Entertainment, enabling them to undertake the first step in their buy and build strategy with the acquisition of Sirens Media, another leading US Independent TV Production Studio.
Using our in-depth knowledge of the TV Production industry and the financial markets expertise within our ACF Refinance and Capital team, we were able to support management at every stage of the process delivering a tailored service, which included the identification and sourcing of potential US funders from which the 3 lending banks were ultimately composed.
Using our insight into the growth and maturity of the TV production market we were able to use our UK contacts in the banking industry to support their US counterparts to fund this ground breaking debt led acquisition.
This acquisition is likely to be the first in a series of similar transactions within the US Independent TV Production sector as the drive for consolidation gathers pace. It is particularly notable as it is the first of its kind where traditional cashflow debt funding was provided and reflects the quality of the underlying business and the confidence and commitment of the management team at Leftfield Entertainment.
With our support Leftfield Entertainment were able to engage with the lending banks and articulate the compelling rationale for funding this exciting business opportunity.
“We believe this transaction marks the start of a new chapter in the USA independent TV Production sector and are pleased to have supported Brent Montgomery and the Executive team in securing a tailored funding package provided by a core group of relationship banks on competitive terms.”
ACF Investment Bank, Debt Restructuring