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Supercharged Entertainment Opens New Venue in Edison, NJ with Financing Arranged by EFA Partners

December 19, 2022

Edison, NJ  (Dec. 19, 2022) -- Supercharged Entertainment, the world's largest indoor, multi-level karting track and premier entertainment venue opens its second U.S. location today in Edison, NJ. Located at 987 US-1 in Edison, NJ right next door to TopGolf, Supercharged Entertainment Edison is the company's second, and largest U.S. location behind their flagship complex which opened to enthusiastic crowds in June of 2019 in Wrentham, Massachusetts, just a few minutes south of Gillette Stadium.

Supercharged Entertainment Edison, NJ is a world class, 131,000 square-foot, karting and premier entertainment experience. The sprawling, 16-acre complex features: the world's largest indoor, multi-level, temperature-controlled Karting Track with two uniquely designed tracks which can be combined into one 80,000 square-foot Supertrack

19 lanes of Luxury Axe Throwing with spacious private lounge seating, food and bar service, and interactive projection targets and competitive games which make it fun for everyone, with no skill or experience required

An enormous, two-story Arcade & Gaming Area which boasts nearly 160 games, including several thrilling Virtual Reality experiences such as The Big Ride and King Kong Skull Island which are insanely fun for kids of all ages. Plus, there's an expansive Prize Center to ensure everyone leaves a winner

The Drop & Twist Tower is an exhilarating and exciting, two-story attraction that spins, drops, passes through all floors of the facility while the rider views the wonders of all that Supercharged Entertainment Edison has to offer

The Bionic Bumper Cars arena offers the best and most spacious, indoor bumper car experience, and is perfect for individuals, families, friends, coworkers, or any group looking for exciting bumper car fun

Burgers & Brews, a full-service restaurant featuring amazing burgers, fresh cut French fries, and insane milk shake mugs. For those over 21, Supercharged Edison offers two full-service bars featuring over 30 beers on tap, world class cocktails and specialty bar beverages all in a sports bar setting with TVs and big screens

Versatile and spacious Group & Event areas suitable for all occasions and sizes, with catering available

Supercharged Entertainment Edison, NJ is the second United States location for the company, with its widely popular flagship location in New England in Wrentham, MA just a few minutes south of Gillette Stadium. The choice of Edison, New Jersey is the inspiration of Stephen and Sandra Sangermano who serve as the company's President and CEO. The Edison complex finally brings the Sangermano's three-year vision and journey to reality; to bring to New Jersey and the entire tri-state region the world's most spectacular, thrilling, and fun-filled karting and entertainment destination.

"Sandi and I are thrilled to open what we believe is New Jersey's and the world's best, all-in-one karting and entertainment venue," said Stephen Sangermano, President. "Supercharged Entertainment Edison has something for everyone – couples, families, kids, groups, and companies."

"We're beyond excited to show all of New Jersey, New York, and Pennsylvania the exhilarating and insane fun our Edison location has to offer," added Sandra Sangermano, CEO. "Thank you to Mayor Joshi and the entire Edison, New Jersey community for welcoming us so warmly."

Supercharged Entertainment Edison is fun for all ages and ready to host kids, adults, families, groups, and companies who crave the excitement and adrenaline rush of authentic, indoor karting. All their 18-horsepower karts possess incredible torque and acceleration, resulting in an exhilarating and thrilling ride. Plus, their all-electric vehicles produce zero emissions, making it a more enjoyable and environmentally friendly experience on the 80,000 square-foot, temperature-controlled track. Supercharged Entertainment Edison has racing for the whole family; all kids 4'10" and above are welcome.

Above and beyond the world's most adrenaline charged, karting experience, Supercharged Entertainment Edison has 19 lanes of Luxury Axe Throwing complete with spacious private lounge seating, food and bar service, and interactive projection targets and competitive games. An enormous, two-story Arcade & Gaming Area offers nearly 150 games, including several thrilling Virtual Reality experiences such as The Big Ride, King Kong Skull Island, and much more. The Drop & Twist Tower is an exciting, two-story attraction that spins, drops, and passes through all floors of the facility. The Bionic Bumper Cars arena offers the best and most spacious, indoor bumper car experience, and is perfect for individuals, families, friends, coworkers, or any group looking for insane bumper car fun.

Supercharged Entertainment Edison is also the home of Burgers & Brews, a full-service restaurant featuring amazing burgers, fresh cut French fries, and insane milk shake mugs. For those over 21, there are two full-service bars featuring over 30 beers on tap, world class cocktails and specialty bar beverages all in a sports bar setting with TVs and big screens. It's the perfect destination to host any occasion, corporate event, team building exercise, or family outing such as birthday parties, milestones, private events, bachelor(ette) parties, corporate meetings, student field trips, charitable fundraisers, and bar/bat mitzvahs.

 

Leading provider of digital media services for film and television

Background: A seasoned management team who had previously worked with EFA while at their previous companies, formed a new film and television digital media services company and approached EFA to arrange financing for potential acquisition targets.

EFA Process: The company retained EFA to arrange acquisition financing.  EFA ran the process including creating presentation materials and then approaching several banks and specialty lenders.

Result: Three closings including two financings to support two acquisitions and financing to provide working capital.

start quoteWe selected EFA as our advisor due to their financial experience specific to the film and television services sector. The past year has been tremendous for us as we significantly grew our business with EFA arranging financing that allowed us to execute on our growth plans very quickly. end quote

John Suh
Co-Founder and Co-President of  Pixelogic

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                                                      Top ten film exhibitor in the U.S. based on screen count with 16 theaters across the Midwest

Background: Approached EFA to arrange financing, to refinance existing debt, and for growth of the business. Also engaged EFA to arrange a sale of the business.

EFA Process: EFA ran the process for all three assignments including preparing presentation materials and creating data rooms to manage the processes. For the debt process, approached several banks, specialty lenders, and REITs. For the sale process, approached strategic film exhibitors, private equity groups, and family offices.

Result: Three closings including a debt facility to refinance all existing senior debt, another debt facility to refinance existing debt as well as provide additional funds to acquire real estate at certain theaters, and then arranged the sale of operations to Kinepolis, a Belgium-based film exhibitor expanding its U.S. platform. 

start quoteThe EFA team has been our trusted financial advisor for the past several years. They have assisted us for a variety of assignments over the years including the refinancing of our debt, reviewing acquisition opportunities, and now the sale of our operations which, when closed, will provide an excellent outcome for our investors.end quote

Paul Glantz
Chairman of Emagine

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2nd largest U.S. operator of karting-based entertainment venues with 11 venues in the East and Midwest

Background: Approached EFA to arrange financing to refinance existing debt and for growth of the business. Also engaged EFA to arrange a sale of the business.

EFA Process: EFA ran the process for both assignments which included preparing presentation materials and creating data rooms to manage the processes. For the debt process, EFA approached several banks, specialty lenders, equipment financiers, and REITs. For the sale process, EFA approached strategic entertainment companies, private equity groups, and family offices.

Result: Three closings including a debt facility to refinance all existing senior debt and to provide growth capital which the company utilized to renovate and expand certain sites. Then arranged the sale of operations to K1 Speed, the largest U.S. operator of karting-based entertainment venues. K1 subsequently also acquired the real estate at one venue.

start quoteIt has been a pleasure working with Ralph Willis and the EFA team for the past several years. EFA was previously our advisor and successfully arranged our senior debt. Their understanding of the leisure sector and their industry relationships made them the logical choice to lead our sale effort which culminated in closing the sale to K1. end quote

Michael Greene
CFO and founding principal of Autobahn

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Television and motion picture post-production and digital content management services

Background: Company approached EFA seeking refinancing of its debt subsequent to other advisors attempting to do so with a combination of senior debt and equity.

EFA Process: After reviewing its capital structure EFA recommended a debt structure to fully refinance the company's debt.

Result: Closed senior debt facility that refinanced the company's existing debt, which was much more cost-effective than equity.

start quoteThe EFA team proposed a creative strategy to recapitalize Modern VideoFilm that met our needs in a way that was unique and different from what other financial advisory firms proposed to us. We appreciated their understanding of the entertainment industry and EFA's extensive financial relationships and we look forward to continuing our relationship. end quote

Moshe Barkat,
CEO and President of Modern VideoFilm

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                                                                              Operator of dine-in cinemas across the U.S.

Background: EFA has been engaged by Alamo corporate and several franchisees over several years for various assignments. These included  arranging construction financing for new venues and running the sale process for various theaters.

EFA Process: EFA ran the process for several assignments which included preparing presentation materials and creating data rooms to manage the processes. For the debt process, EFA approached several banks, specialty lenders, and equipment financiers. For the sale process, EFA approached strategic entertainment companies and private equity groups.

Result: Arranged construction and equipment financing for theaters in Texas, Colorado, and New York. In addition, served as sell-side advisor for two different franchisees and arranged the sale of seven theaters to two different film exhibitors.

start quoteEFA Partners and our team worked uniformly every step of the way to arrange a comprehensive financing solution that delivers greater financial flexibility to our two existing venues while also providing the necessary capital to build our newest Denver location. Brandt Gully, Ralph Willis and the EFA team have a deep understanding of the film exhibition industry and have proven to be reliable long-term partners as we continue pursuing our goals for sustained long-term growth.end quote

Dave Kennedy
Partner at Alamo Drafthouse

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 Waterpark in Houston owned by WP Ventures 

 

Background: Approached EFA to arrange financing to refinance existing debt and to finance a new attracion at the venue.

EFA Process: EFA ran the process which included preparing presentation materials and creating data rooms to manage the process. EFA approached several banks, specialty lenders, and REITs. 

Result: Arranged the financing with a bank at a very attractive rate that provided funding to refinance all exisiting senior debt and to provide funds for a new children's waterpark area.

start quoteIt was great working with Ralph Willis and the EFA team as they led our process to arrange financing. Their many years of experience in the leisure sector, plus their extensive relationships with financiers, allowed them to convey the highlights of our park and garnered interest from several financial groups. That provided for a competitive process to negotiate favorable financing terms to meet our financing needs. end quote

Terry Hlavinka
Partner at WP Ventures

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Television industry management group formed to manage and operate US TV stations

Background: Huntington approached EFA seeking capital for potential television station acquisitions.

EFA Process: EFA understood that private equity firms and lenders are seeking experienced management teams to back for acquisition opportunities in the television sector.

Result: EFA has introduced the company to several private equity firms as well as senior lenders, resulting in bids for groups of television stations and the company continues to seek other opportunities, with EFA’s assistance.

start quoteWe are acutely aware of the trends that are transforming the local broadcast TV business and have recently begun to explore opportunities to acquire stations. We are very excited about the prospects for the industry and the opportunities to capitalize upon. We are also pleased to have EFA Partners as our financial advisor as their many years of media industry experience and extensive financial relationships will help us accomplish our goal of building a best-in-class station group.

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David Tynan,
CEO of Huntington Broadcast Management Group

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