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EFA Partners Arranges Financing for the Langer Family’s New Family Entertainment Center
July 16, 2019
New York, NY (July 16, 2019) – EFA Partners, a boutique financial advisory firm that provides investment banking and strategic consulting services for companies in the entertainment and media industries, today announced that it arranged construction financing for the Langer family’s new $30 million family entertainment center which will be the latest addition to the family’s Parkway Village South complex. The complex is located in Sherwood, Oregon, a growing, affluent area outside of Portland, and the new venue will be over 54,000 sq. ft. with a mix of dynamic attractions for all age groups.
“It has been a pleasure working with Kenny Favre, Ralph Willis and the EFA team. They’ve worked with us for over a year as we’ve progressed with our project,” said Matt Langer, longtime area resident whose family has been in Sherwood since the 1870s. “Their financing relationships and experience in the leisure industry enabled them to procure several financing options for us and, as a result, we’re now looking forward to opening our new venue later this year.”
The Parkway Village Shopping Center is a multi-tenant complex developed by the Langer family. It is anchored by a Walmart Superstore and has many regional and national retailers. Parkway Village South is part of a 12 acre expansion of the shopping center which will be anchored by the new family entertainment center to be known as “Langer’s: Since 1879”, a reference to the family’s 140 year history in the area.
The new venue will feature 26 lanes of premium bowling, a state-of-the-art laser tag arena, a ropes course, a rock climbing wall, arcade games, and many other attractions. It will also feature full service food and beverages throughout the venue. It will be attractive to patrons of all ages, and its many party rooms will be ideal for family celebrations and corporate events.
EFA’s principals have over 50 years of collective experience in providing financing solutions for leisure companies, and they have deep relationships with banks, lessors, specialty finance groups, mezzanine debt providers, and private equity groups. The EFA team prides itself on handling its clients’ financing processes from start to finish. For the Langers’ new venue, EFA garnered interest from a targeted list of prospective financiers, completed comprehensive materials to highlight the attractiveness of the new venue and the family entertainment center industry as a whole, participated in all phases of negotiations with financiers, and assisted with reviewing closing documentation.
“It has been a pleasure working with Matt and his team, and seeing their vision become a reality,” said Kenny Favre, Managing Partner and a founding principal of EFA Partners. “The project construction has been ongoing for a while so the residents of the Sherwood area will be enjoying the new venue’s many attractions soon. Matt has plans to expand this venue with additional attractions and may open other venues so we look forward to assisting him again in the near 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. Since its inception in 2009, EFA has been retained by over 150 clients, having arranged and advised on over $3.5 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.
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