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 2015 and is representative of Breakaway’s strategy to provide complete one-stop financing solutions for lower middle market companies, financial sponsors and independent sponsors.
About Breakaway Capital
Breakaway Capital is a private investment firm based in Los Angeles with approximately $50 million of committed capital under management. Focused on companies with up to $5 million of EBITDA, Breakaway provides senior debt, subordinated and mezzanine debt, unitranche structures, structured equity and common equity to companies for leveraged buyouts, acquisitions, recapitalizations, restructurings and growth capital for both sponsored and non-sponsored transactions. For more information, please go to www.breakawaycap.com or contact us at firstname.lastname@example.org.