August 15, 2016
New York, NY (August 2016) – EFA Partners, a boutique financial advisory firm focused on arranging capital and providing investment banking and strategic consulting services for entertainment, media and technology companies, announced today that it served as the exclusive financial advisor to Big Al’s (the “Company”) in its recently closed financing to support the development of a new venue located in California.
A growing restaurant/entertainment company, Big Al’s currently operates three venues located in the Pacific Northwest area. EFA has maintained a long-term working relationship with Big Al’s management team, having previously served as the Company’s strategic and financial advisor when it arranged a $26 million real estate financing.
“EFA’s unique experience in our industry was extremely helpful in leading our financing process,” stated Daniel Kirkwood, CEO of Big Al’s. “Big Al’s prides itself in providing the best customer experience to its customers, and we are excited that this financing will allow us to continue growing.”
EFA’s principals have over 50 years of collective experience in providing financial solutions for entertainment companies, including mergers and acquisitions, capital placement and advisory services. EFA’s approach for Big Al’s took the financing process from start to finish, which included obtaining interest from a selection of qualified lenders, negotiating terms, and assisting in all aspects of the transaction through to closing.
“We’re very excited to have had another opportunity to work with Daniel and his team. They do a great job of executing their unique concept, and it’s great to see them expand to southern California,” stated Kenny Favre, Managing Partner and founding principal of EFA Partners. “It has been a pleasure to work with Big Al’s over the years and we look forward to continuing our great working relationship in the future.”
About EFA Partners
EFA Partners is a boutique financial advisory firm that provides investment banking services focused on capital raises, mergers and acquisitions, and financial consulting services for entertainment, media and technology companies. Its senior team has closed and managed over $14.5 billion of financings in its targeted sectors, including numerous mergers and acquisitions transactions. EFA also 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 120 clients while arranging and placing over $1.1 billion of capital and advising on nearly $2 billion of additional transactions.
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 U.S., 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.