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EFA Partners Arranges Construction Financing for Owynn’s World of Adventure
May 17, 2022
New York, NY (May 17, 2022) – EFA Partners, a financial advisory firm that provides investment banking and strategic consulting services for companies in the entertainment and media sectors, today announced that it arranged financing for Owynn’s World of Adventure, a new multi-attraction indoor entertainment venue, being built in Litchfield Park, Arizona; a growing city located about 20 miles west of Phoenix. Construction has already commenced with an opening scheduled for late this summer.
Owynn’s World of Adventure is led by Tyrone Ward who has been developing the project for over three years. The venue concept was inspired by his daughter, Owynn. It will be targeted to families with younger children and will feature highly themed play areas with characters designed and developed by Tyrone and his team. It will have multiple attractions including an indoor splash pad for water activities, Omni Arena, a ropes course, two-story laser tag, mini-bowling, arcade games, and many others. Food and beverage options will be available throughout the venue.
“It has been such a pleasure working with Tyrone for over two years,” said Ralph Willis, Managing Partner and founding principal of EFA Partners. “He persevered through the pandemic and continued to pursue his dream of opening Owynn’s World of Adventure. Its characters and themed areas will provide patrons with a unique entertainment experience that will be an excellent addition to the growing Litchfield Park market."
EFA’s principals have over 70 years of collective experience in providing financing solutions for entertainment and media companies. They have deep relationships with banks, equipment lessors, construction lenders, specialty finance groups, REITs, and private equity groups. The team prides itself on handling its clients’ financing processes from start to finish. For Owynn’s World of Adventure, EFA approached a targeted list of prospective financiers, introduced lenders that were previously unknown to Tyrone and his team, prepared presentation materials, and participated in all phases of negotiations with lenders all the way through to closing.
“EFA started working with us back in 2019 but then our project needed to slow down for several months as the pandemic continued,” said Tyrone Ward, the primary principal of Owynn’s World of Adventure. “They stuck with us during that difficult period and we finally got to the finish line. Their experience working with lenders in the FEC sector not only resulted in a successfully closed financing but they were instrumental in negotiating with the lender to reduce the amount of equity we needed to contribute.”
About EFA Partners
EFA Partners is a boutique financial advisory firm with offices in New York and Atlanta focused on the entertainment, media, and technology sectors. It provides investment banking services focused on arranging growth capital, mergers and acquisitions, and financial consulting services. In entertainment, its targeted sectors include family entertainment centers, movie theaters, theme parks, water parks, casinos, concert venues, hospitality, observation wheels, sports, and others. In media and technology, it focuses on companies in film and media services, communications services, SaaS, recorded music, music publishing, and others. Since its inception in 2009, EFA has been retained by over 175 clients, have arranged over $1.5 billion of capital and have advised on over $3 billion of additional capital.
