March 1, 2012
ANNOUNCEMENT (March 2012) -- EFA Partners, an entertainment financial advisory firm focused on arranging financing for the film and leisure sectors, announced that it arranged a $25 million financing facility for Latitude Global, Inc., a Jacksonville-based restaurant/entertainment firm with an exciting concept that combines excellent dining, live events, bowling, arcade games and other entertainment attractions all in one upscale venue. The proceeds from the financing will be utilized to further develop Latitude Global’s 46,000 sq. ft. location in Jacksonville and will also be utilized to develop new sites in Indianapolis and Chicago that are planned to open later this year.
“It’s been great to have EFA as a strategic financial partner as we execute on our growth plans,” said Brent Brown, CEO and founder of Latitude Global. “Their extensive financial backgrounds and relationships combined with their years of experience providing financing for entertainment venues makes them a real asset for our team and we look forward to continuing the relationship.”
EFA’s principals have over thirty years of collective experience in entertainment finance and have deep relationships with capital providers to the industry. They concentrate on the needs of various sectors including family entertainment centers, film exhibition, theme parks/waterparks, digital cinema, film service companies, and others. The EFA team prides itself on providing its clients with a broad range of financing alternatives and leading the effort from the initial stages through to closing.
“We are thrilled to be working with Latitude Global and feel their concept provides an excellent mixture of great dining and entertainment attractions for all ages”, stated Kenny Favre, a founding partner with EFA Partners. “We look forward to helping them execute on their growth strategies as they bring their exciting concept to cities throughout the country.”
ABOUT EFA PARTERS
EFA Partners is a specialized advisory and financial consulting firm focused on providing services in select entertainment industries including the film and leisure sectors. EFA was founded by Kenny Favre, Ralph Willis and Brandt Gully, three former executives of GE Capital’s entertainment group, who collectively have over 40 years ofentertainment finance experience and have closed and managed more than $3 billion in entertainment transactions. The group’s focus is to lead its clients’ efforts with arranging senior debt, equipment leasing, junior capital, mergers and acquisitions, restructurings, and general business strategy. EFA’s offices are located in New York and Atlanta. For additional information, visit EFA’s web site at www.efapartners.com.
ABOUT LATITUDE GLOBAL
LGI is a privately-held, independent, full-service restaurant/entertainment company founded in 2009 to plan, develop, construct and operate state-of-the-art, 40,000 to 100,000 square foot premier entertainment venues. LGI and its future locations, fuse the magic of an exceptional food and beverage experience with multiple entertainment options in an upscale and contemporary designed venue. Latitude 30 (www.Latitude-30.com), the flagship location opened in January 2011, Latitude 39 in Indianapolis, IN and Latitude 40 in Pittsburgh, PA are scheduled to open in 4th quarter 2012. Our first hybrid location, Latitude 41 in Chicago, IL is expected to open in August 2012 and will occupy 34,000 square feet within an existing Regal Cinemas megaplex. To watch a two minute LGI corporate overview, please visit http://www.youtube.com/watch?v=sUwoFazl3rg.