Morgan Joseph Advises Civitas Media Financing
The Financial Restructuring Investment Banking Group of Morgan Joseph TriArtisan announced the placement of $62.5 million in senior credit facilities following the formation of Civitas Media. Morgan Joseph served as a placement advisor to Civitas.
Formed in 2012, Civitas is a community oriented news media company formed by private equity investment firm Versa Capital Management. Civitas combined four media entities owned by Versa, including, Freedom Central, Heartland Publications, Impressions Media and Ohio Community Media.
“With this transaction, Civitas has the financial strength to focus on opportunities for its editorial and advertising professionals to serve their local communities,” said James Decker, head of Morgan Joseph’s Financial Restructuring Group. “The new Company is now well positioned for growth.”
Philadelphia-based Versa is a private equity investment firm that is focused on control investments in special situations involving middle-market companies.
Morgan Joseph is an investment bank engaged in providing financial advice, capital raising and private equity investing.