Senior credit facility raised to buy-out two shareholders
Industry: Online Industrial Directory Network
Client Profile: Owen Media Partners (“OMP”) owns North America’s leading online industrial
directory network and is considered a leading business-to-business network. MacRAE’S Blue Book
focuses on U.S. industrial companies and lists over one million organizations. The Canadian
Trade Index focuses on Canadian industrial organizations and lists over 70,000 organizations.
These properties produce three distinct revenue streams: paid inclusion, context sensitive
ad networks, and data and subscription sales.
NewPoint’s Role: NewPoint was retained as exclusive financial advisor by OMP
and Hugh Owen, the company’s majority shareholder and CEO, to raise capital to buyout two
existing manager/shareholders. NewPoint approached a limited number of lenders and
secured a new banking relationship for the company.
Transaction Snapshot: After receiving several term sheets, NewPoint completed an
extensive analysis of the quantitative and qualitative merits of each proposal. The transaction
allowed Hugh Owen to buyout the two other shareholders and implement his vision for the
growth of the company.
