June 16, 2015
Financing Supports Strategic Growth Initiatives of Regional Theatre Operator
EFA Partners, a boutique financial advisory firm focused on arranging capital and providing investment banking and strategic consulting services for entertainment, media and telecom companies, announced today that it successfully completed a real estate financing on behalf of Georgia Theatre Company. EFA served as the exclusive financial advisor to Georgia Theatre Company in the recently completed transaction.
Georgia Theatre Company is one of the 20 largest theatre circuits in the US, operating 29 locations with 304 screens in Georgia, Florida, South Carolina, and Virginia. The transaction delivers greater financial flexibility for the company to continue expanding its portfolio of movie theatres throughout the Southern US.
“It was a pleasure working once again with Brandt Gully and the EFA team. EFA has a deep understanding of our business, extensive experience working with theatre operators, and strong relationships with industry-leading financiers,” stated Bo Chambliss, President of Georgia Theatre Company. “After analyzing our current financial situation, EFA recommended and helped us execute a unique solution that was a great fit for our company.”
EFA prides itself on working closely with its clients to determine their financial needs, recommend potential solutions and then lead the process from initial stages through closing. By working side-by-side with the Georgia Theatre Company management team, EFA determined that the company could unlock equity value from certain existing real estate assets. After procuring several competing bids and negotiating key terms, EFA was able to successfully arrange and close a transaction to support Georgia Theatre’s growth initiatives.
“We are thrilled that Georgia Theatre Company selected EFA to serve as its exclusive financial advisor, as I’ve enjoyed working with them over the past 15 years,” stated Brandt Gully, a founder and partner at EFA. “We are pleased to play a role in the continued growth story of a company and team that is so well respected and successful in the industry.”
About EFA Partners
EFA Partners is a boutique financial advisory firm that provides investment banking services focused on arranging capital, M&A, and financial consulting services for entertainment, leisure, media, and telecommunications companies. Its senior team has closed and managed over $13 billion of financings in its targeted sectors. EFA has a wealth of relationships from which to source capital including local and regional banks, national and international banks, specialty finance groups, equipment financiers, providers of mezzanine debt and private equity groups. Since its formation in 2009, EFA has been retained by over 90 clients and placed over $800 million of capital, plus it has advised on over $1.2 billion of additional transactions.
About Georgia Theatre Company
Georgia Theatre Company is a fourth generation, family-owned business that specializes in motion picture exhibition. The company has been a proud neighbor and partner to all of the communities its theatres serve. It is one of the 20 largest theatre circuits in the US, operating 304 auditoriums at 29 locations in Georgia, Florida, South Carolina, and Virginia. It is recognized as a pioneer in the film industry, with roots in the early days of film exhibition. Georgia Theatre Company prides itself on providing state of the art motion picture facilities to all of its patrons, featuring stadium seating and the best sound systems available. The company is headquartered on St. Simons Island, Georgia.