ImageOne Interco, a portfolio company of Innovating Capital Management, refinanced its existing senior debt facility through a revolving line of credit from a syndicate of lenders led by MidCap Financial Trust and a term loan facility from Catalur Capital Management. FocalPoint Securities served as exclusive financial advisor to ImageOne Interco.
“ImageOne is committed to empowering brands to think bigger while delivering more from brick and mortar,” Dan Longshore, CEO of ImageOne Interco, said. “Given the headwinds created by the pandemic for our customer base, we understood that it would have similar effects on our efforts to recapitalize the company. FocalPoint was able to quickly adapt their process to mitigate the evolving impacts of COVID-19 and deliver an impressive solution.”
“The FocalPoint team ran an extremely thorough process that yielded a variety of attractive alternatives,” Anthony Georgiades, a member of Innovating Capital Management, said. “Ultimately, they negotiated a solution that meets our needs and provides the flexibility to grow the company. The team carefully managed every stage of the process, and we are extremely pleased with the outcome.”
“We are delighted to have supported ImageOne with two partners who believe strongly in management’s vision,” Michael Brill, managing director in FocalPoint’s capital markets practice, said. “This transaction highlights our ability to deliver a great outcome in spite of the challenges associated with the pandemic.”
Founded in 2007, ImageOne is a national services company for brick-and-mortar companies, designing and producing branding and signage, among other services.
FocalPoint is an independent investment bank specializing in mergers and acquisitions, private placements, financial restructurings, and special situation transactions.