July 8, 2014
Atlanta/New York (July 8, 2014) – EFA Partners, a leading provider of investment banking services to the leisure, entertainment and media sectors, announced that it acted as the exclusive financial advisor to arrange financing for Big Al’s, a growing entertainment and restaurant company with locations in Oregon, Washington and Idaho. The $26 million transaction involved a sale/leaseback arrangement for certain assets of the company, which provided value for Big Al’s ownership and will assist with the company’s growth plans. EFA continues to be the advisor for Big Al’s and is currently working on additional financing for the company.
“It has been a pleasure working with Kenny Favre and the team at EFA as they understand the leisure industry and have deep relationships with industry financiers,” stated Daniel Kirkwood, founder and CEO of Big Al’s. “EFA analyzed our current financial situation and our growth plans then recommended and executed on a financing structure that we hadn’t previously considered.”
EFA prides itself on working closely with its clients to determine their financial needs, recommend potential solutions and then lead the process from the initial stages through to close. For Big Al’s, EFA determined that the company could unlock the equity value in certain assets and then recommended a sale/leaseback structure. EFA was able to procure and negotiate several financing proposals and then led the closing effort.
“Daniel and his family have spent years developing their attractive venues and have laid a great foundation in the Northwest,” stated Kenny Favre, a founder and partner at EFA Partners. “It’s been great working with them throughout this process and we look forward to continuing the relationship as they review potential sites in the Northwest and other parts of the US.”
About EFA Partners
EFA Partners, with offices in New York and Atlanta, is a leading provider of independent investment banking services to leisure, entertainment and media companies. EFA provides clients with debt and equity capital placement and other strategic advisory services for growth, recapitalization, mergers and acquisitions, divestitures and management buyouts. The senior leadership of EFA Partners has over 90 years of entertainment and media industry experience and has been involved in financing and advisory transactions valued at over $5 billion. For more information, please visit our website at www.efapartners.com
About Big Al’s
Big Al’s is a growing Washington-based company formed in 2006 to develop and operate upscale, state-of-the-art, family-friendly, restaurant/entertainment venues throughout the US, with its first three venues located in the Pacific Northwest. The venues include traditional and lounge-style bowling lanes, an extensive arcade area, the ‘Big Al’s Sports Bar & Grill’ and the ‘Caddyshack’ (for patrons 21 years and older), which offers arena-like balcony seating with viewing of the sports theatre, golf simulators, pool tables and Xbox/Wii consoles. Private rooms are also available for parties and corporate events.