Carl Marks Advisory Group Advises CurtCo Robb Media in Recap
Friday, May 25, 2012
CurtCo Robb Media, the Malibu, CA-based publisher of the Robb Report, a print and digital international magazine, has completed a recapitalization of its balance sheet with the current ownership of the business. The investment banking group of Carl Marks Advisory Group served as exclusive financial advisor to the company.
CurtCo Robb Media retained Carl Marks to lead negotiations between its lender, the financial sponsors and the company. Through this recapitalization CurtCo Robb Media was able to strengthen its balance sheet, fund its digital growth initiatives and expand its international footprint.
CurtCo Robb Media serves the ultra-luxury market with a powerful national, international and regional network of leading lifestyle publications. In business since 1985, the company operates five separate publications, including: Robb Report, a related series of iPad & Tablet apps, Robb Report.com, NYC.Robbreport.com, The Robb Report Collection, Exceptional Properties, as well as a dozen international editions of Robb Report including: China, Russia Turkey, Singapore, Brazil, Spain, Viet Nam, India, Malaysia, Thailand, Kazakhstan, and the Saudi-UAE.
"CurtCo Robb Media has a long and successful history inspiring its loyal high-net-worth customer base with Robb Report, the most respected brand in luxury," said Evan Tomaskovic, partner at Carl Marks. "The company's exceptional management team was key to the recapitalization success. It continues to be the most influential player in the marketplace and is poised to be successful in its plan for further expansion."
"Carl Marks' diligence has fueled CurtCo's exciting growth plans," said William J. Curtis, CEO, CurtCo Robb Media. "Robb Report will now have the resources to accelerate its digital, international and club strategies.