Mayfair Refinances Innovative DisplayWorks, Inc.
Mayfair Capital Partnerstm (Mayfair), an in-house division of Oxford Financial Group, Ltd., has entered into a definitive agreement to refinance its portfolio company, Innovative DisplayWorks, Inc. (IDW). Mayfair and its underlying investors will retain majority ownership of the Company and will continue to support Quay Brown, Chief Executive Officer, and the outstanding management team and skilled employees.
Mayfair and IDW worked with KPMG Corporate Finance LLC (KPMG CF) as its exclusive financial advisor in connection with securing a new asset-based credit facility, ultimately selecting a regional bank that offered a compelling credit package designed to support the company's long-term growth initiatives.
Quay Brown said: "We have experienced a lot of growth in the past year and this refinancing will allow us to continue to pursue new product development initiatives and better serve our customers." Bo Ramsey, Co-Managing Partner and Chief Investment Officer at Oxford, said: "Quay Brown, George Ioannou and the IDW team have generated great results recently, which put us in the position to be able to optimize the capital structure and enable them to execute on their long-term growth plans."
Taft Stettinius & Hollister (Taft) provided legal representation to Mayfair and IDW in the transaction.
For more information regarding this transaction, contact Robert "Bo" Ramsey III JD, MBA, CFA, CAIA, Chief Investment Officer, at [email protected] Ty Schlobohm, Managing Director, Private Equity, at [email protected].
ABOUT OXFORD
One of the largest independent RIA firms in the country with oversight of approximately $31.53 billion in assets under advisement* (which includes assets under management), Oxford has 20 Managing Directors who serve over 700 significant families and prodigious institutional clients in 35 states.** Oxford is an independent, fee-only firm that is privately held by its partners, with special expertise in Bespoke Generational Solutions, Aspirational Solutions and Diversifier Strategies. Oxford has provided multi-generational estate planning advice and forward-thinking investment solutions to families and institutions for more than 42 years.
ABOUT IDW
Founded in 2000, IDW is a market leading designer and distributor of mission-critical commercial refrigeration and point-of-purchase displays that are placed in high traffic locations throughout the retail shopping landscape. In a rapidly changing retail environment, IDW's retail merchandising solutions help customers win in the marketplace by driving impulse sales for beverage brands. For more information, visit www.idw.global
ABOUT MAYFAIR CAPITAL PARTNERS
Mayfair Capital Partners is an extension of the Mayfair direct investment program, which has been an in-house division of Oxford since 2003, historically managing approximately $800 million of AUM in aggregate exclusively for the benefit of Oxford's 700+ high net worth families and institutional clients. Mayfair Capital Partners is a flexible capital solution provider that targets equity investments between $50 million -$150 million per investment and can pursue control and non-control opportunities. At Mayfair Capital Partners we seek to partner with exceptional management teams to enhance the inherent strengths of the company's people and products. We seek to invest in the brand and maximize the long-term value of the business. Mayfair's independence and sophisticated multi-family office capital base creates structural advantages when compared to traditional private equity fund structures. We bring flexibility, patience and a supportive approach. For more information, visit www.mayfaircappartners.com
Read the disclaimers at ofgltd.com/disclaimers
*As of 12.31.2021
**As of 3.15.2023
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