GREENWICH, Conn., June 26, 2014 — We are pleased to announce that Southfield Mezzanine Capital has closed on a $3.3 million financing for Brite Media, LLC. Our investment, alongside Harvest Capital Credit Corporation as agent, supported the acquisition of the company sponsored by The Beekman Group. Brite Media, with offices in New York, San Francisco, Los Angeles, Dallas and Reno, is a leading out-of-home advertising company that provides advertising via coffee-sleeves and "cash jackets" through a network of retail partners with over 14,000 locations in North America. Southfield's investment was made out of its recently licensed SBIC, which manages approximately $100 million of capital.
Contact:
Steven A. Axel
saxel@southfieldmezz.com
T 203-813-4105
Eric J. Sloane
esloane@southfieldmezz.com
T 310-494-6400
Stephen J. Diverio
sdiverio@southfieldmezz.com
T 203-813-4110
Derrick H. Yu
dyu@southfieldmezz.com
T 203-813-4108