Breakaway Capital Partners Closes On $100 Million Of Committed Capital For Second Fund

Los Angeles, CA, September 20, 2016 PRNewswire — Oversubscribed Second Fund Focuses on Direct Lending to Lower Middle Market Breakaway Capital Partners (“Breakaway”), a Los Angeles-based direct lending firm, today announced the close of Breakaway Capital Partners Fund II, L.P. (“Fund II”), with total commitments at the hard cap of $100 million, all from family offices and individuals. The Fund was significantly oversubscribed with an initial target of $75 million. “We are very pleased to complete this fund raise,” said Warren Woo, Managing Partner of Breakaway. “We are extremely gratified by the level of support we received from our existing investors, who increased their commitments by over 50%, and the overwhelming level of interest from new investors, which allowed us to secure commitments for our fundraising within 60 days.” “Our strong deal flow and the attractive companies we have successfully financed to date validates the investment thesis we had when we formed Breakaway Capital in 2014,” added Mike Connolly, Founding Partner. “We are thrilled...
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Breakaway Capital Announces Closing of Financing for Galaxy Gaming, Inc

Los Angeles, CA, September 7, 2016 PRNewswire -- Breakaway Capital Partners Fund, L.P. today announced that it has funded a $10.5 million senior secured credit facility to Galaxy Gaming, Inc (OTC:GLXZ). Based in Las Vegas, NV, the Company has nearly 20 years of experience in the design, development, manufacturing, marketing and distribution of proprietary casino table games and associated technology, platforms, and systems for the casino gaming industry. The Company owns a portfolio of proprietary table games and provides a diverse offering of enhanced table systems, including progressive jackpot systems, e-tables, and table security. Their products can be found in North America, U.K, E.U, Australia, Africa, the Caribbean, and online gaming sites. The Galaxy Gaming transaction represents Breakaway Capital Partners Fund's seventh investment. Mike Connolly, Partner of Breakaway Capital said, "We are thrilled to provide debt financing to Galaxy Gaming. The Company has an impressive recurring business model and has continued to show tremendous growth. This is Breakaway's largest transaction...
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Breakaway Capital Announces Closing of Financing for SureFire, LLC

Los Angeles, CA, March 28, 2016  Breakaway Capital today announced that it has funded an $8 million senior unsecured credit facility to SureFire, LLC. Based in Fountain Valley, CA, SureFire is a privately owned illumination and tactical products company that has been an innovative technology leader in its industry for more than 30 years. SureFire's principal business is the design, manufacture, and distribution of premium flashlights, battle-proven tactical lights, best-in-class firearm suppressors, laser aiming devices, communications equipment and other firearm accessories to commercial accounts, law enforcement, and government agencies throughout the United States and internationally. SureFire has 160 issued and 25 pending U.S. patents, and 68 issued and 29 pending foreign patents. "Breakaway is a great capital partner for SureFire. We were very pleased that Breakaway was able to structure and quickly deliver a creative solution for our capital requirements." said Dr. John Matthews, Chief Executive Officer of SureFire. Warren Woo, Founding Partner of Breakaway Capital said, "This transaction is representative of Breakaway's...
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Breakaway Capital Announces Closing of Financing for PM Pediatrics Management Group

Los Angeles, CA, October 8, 2015 PRNewswire -- Breakaway Capital Partners Fund, L.P. today announced that it has funded an $8.4 million senior secured credit facility to and common stock investment in PM Pediatrics Management Group, LLC.. Based in Lake Success, Long Island, NY, the Company provides specialized urgent care to children and young adults in a convenient, comfortable and comprehensive manner. The Company currently operates 17 locations in New York, New Jersey and the Washington DC metropolitan area. The Company is led by its co-founders, Steven Katz and Dr. Jeffrey Schor with strong support from its financial partner, Scopia Capital Management LP, a New York City-based private investment firm. Mike Connolly, Founding Partner of Breakaway Capital, said "By focusing on providing the highest quality pediatric care and patient experience, Jeffrey and Steve have built a unique business and brand and we are proud to help finance the Company's exciting growth opportunities." "Breakaway is a great capital partner for PM...
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Breakaway Capital Announces Closing of Financing for IC Real Tech, Inc.

Los Angeles, CA, May 29, 2015 Breakaway Capital Partners Fund, L.P. announced that it has, together with Plexus Capital, funded a $15 million Senior Subordinated Notes financing for IC Real Tech, Inc. ("ICRT"). Based in Pompano Beach, FL, ICRT is a leading designer developer and manufacturer of highly advanced video surveillance solutions, including a full suite of cameras, digital recording devices and accessories, which are designed to provide high quality video capture, transmission, recording and playback. The Company's products are known for being technologically innovative and are installed at over 100,000 customer sites worldwide. ICRT will use the proceeds of the financing to fund the roll-out of the IC 720°, a new and highly innovative camera which offers the professional security and retail consumer a fully immersive video environment, as if one were standing in the location real time - a 360° degree x 360° degree view. The IC Real Tech transaction represents Breakaway Capital Partners Fund's third investment in...
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Breakaway Capital Announces Closing Of Financing For Wave Technology Solutions Group

Los Angeles, CA, February 25, 2015 PRNewswire-- Breakaway Capital Partners Fund, L.P. today announced that it has funded a senior secured credit facility to Wave Technology Solutions Group, Inc. Based in Irvine, CA, Wave Technology Solutions Group is a consulting services organization, delivering innovative and cost effective solutions for Enterprise Content Management, Intelligent Capture, Business Process Automation, SharePoint Development, Records and Retention Management, Enterprise Search and Classification, eDiscovery and Compliance, eMail Management and Archiving, Virtualization, Storage Design and Consolidation and Disaster Recovery and Prevention. The company has a customer base of over 200 enterprise-wide document and content management installations. "Breakaway Capital is a great partner for Wave. They were creative and flexible. Equally as important is the wealth of experience and relationships that Breakaway's principals bring to an entrepreneurial owned and managed company like ours," said Matt Vaezi, Chairman and Chief Executive Officer of Wave Technology Solutions Group. The Wave transaction represents Breakaway Capital Partners Fund's second investment in 2015. Warren...
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Breakaway Capital Announces New $50 Million Lower Middle Market Fund, Closing Of Financing For The Thomas Kinkade Company

Los Angeles, CA, January 14, 2015 PRNewswire-- Breakaway Capital Partners Fund, L.P. today announced that it has funded a $6 million senior secured credit facility and equity co-investment to finance Next Point Capital's recapitalization of Art Brand Studios, LLC. Art Brand Studios is the owner of the Thomas Kinkade Company which holds the exclusive license to sub-license and publish artwork created by or inspired by the late Thomas Kinkade. Mr. Kinkade is one of the most commercially successful artists in history and is considered by many to be the most recognized art brand in America. Pursuant to a license from the Walt Disney Company, the company also publishes Thomas Kinkade-inspired, Disney-themed art. The company's licensees include Hallmark Cards (greeting cards), Bradford Exchange (collectibles), AMU (calendars) and CEACO (puzzles). "We are excited to have Breakaway Capital as our financing partner. Breakaway's ability to be creative, flexible and close quickly was a tremendous benefit to us," said Mark Mickelson, Managing Partner of Next...
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Monroe Capital Dismisses Lawsuit Against Warren Woo and Breakaway Capital

December 4, 2014 Monroe Capital LLC today announced that it will dismiss its lawsuit against Warren Woo and Breakaway Capital. "Upon further investigation, it is clear that Mr. Woo's actions were not improper," said Ted Koenig, President and CEO of Monroe Capital. "We are pleased to have reached a mutually satisfactory settlement agreement with Mr. Woo. Mr. Woo will remain a limited partner in Monroe Capital Partners Fund, LP and will remain economically aligned with Monroe going forward as a result of his retained financial interest in the fund's general partner....
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Breakaway Capital Announces Monroe Capital Dismisses Lawsuit

Los Angeles, CA, December 4, 2014 PRNewswire-- Breakaway Capital today announced that Monroe Capital LLC will dismiss its lawsuit against Warren Woo and Breakaway Capital. In a statement, Ted Koenig, President and CEO of Monroe Capital said, "Upon further investigation, it is clear that Warren's actions were not improper." Warren Woo, Managing Partner of Breakaway Capital Partners Fund, LP said, "I am pleased with the settlement and with the acknowledgement that my actions were in no way improper. As a result of remaining a limited partner in Monroe Capital Partners Fund, LP with a financial interest in the general partner of the fund, I look forward to remaining economically aligned with Monroe going forward." ...
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