Investment Summary

Breakwater Management and Coremix Capital Invest In BMM Compliance

On August 1, 2013, lender Breakwater Management and family office Coremix Capital invested in gaming company BMM Compliance

Investment Highlights
  • This is Breakwater Management’s 1st and Coremix Capital’s 1st transaction in the Gaming sector.
  • This is Breakwater Management’s 4th and Coremix Capital’s 1st transaction in the United States.
  • This is Breakwater Management’s 1st and Coremix Capital’s 1st transaction in Nevada.

Investment Summary

Date 2013-08-01
Target BMM Compliance
Sector Gaming
Investor(s) Breakwater Management
Coremix Capital
Deal Type Growth Capital

Target

BMM Compliance

Las Vegas, Nevada, United States
website
BMM Compliance is the longest-established and most experienced private, independent gaming test lab in the world. BMM is now approved or licensed to recommend products for certification in over 400 jurisdictions. BMM Compliance was founded in 1981 and is based in Las Vegas, Nevada.

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Investor(S) 2

DESCRIPTION

Breakwater Investment Management is a private investment firm focused on providing loans and growth capital financing to owner-entrepreneurs and sponsor-backed businesses in the lower middle-market. The Firm looks to commit $10 to $75 million in profitable companies ($5 to $25 million of EBITDA) throughout the US and Canada. Breakwater Investment Management was formed in 2008 and is headquartered in Los Angeles, California.


DEAL STATS #
Overall 5 of 18
Sector (Gaming) 1 of 1
Type (Growth Capital) 4 of 15
State (Nevada) 1 of 2
Country (United States) 4 of 16
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-01 Bleach Group

Rosebery, Australia

Bleach Group is an award-winning brand house. Through global licenses, Bleach designs, produces, markets, and distributes branded fashion apparel and accessories under its flagship brands, Ksubi and Insight. Bleach’s globally recognized brands are sold through premium fashion outlets, department stores, and specialty stores in forty countries. Bleach Group was founded in 2002 and is based in Rosebery, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-30 Open Road Entertainment

Los Angeles, California, United States

Open Road provides creative marketing services to the film, television, home entertainment, video game and digital media industries.

Sell -
DESCRIPTION

Coremix Capital is a collection of family investors focused on providing subordinated debt and equity capital ($1 to $15 million) to middle-market companies. Coremix looks to develop a balanced and diversified portfolio of investments in well-managed companies whose primary constraint to growth is the inability to access sufficient investment capital. Sectors of interest include consumer packaged goods, life science, manufacturing, real estate, healthcare services, education, machinery, and consumer focused technology. Investment proceeds are generally used to support recapitalizations, divestitures, buyouts, acquisitions, growth financings, and sponsored/unsponsored transactions. Coremix Capital is based in Vancouver, Washington.


DEAL STATS #
Overall 1 of 3
Sector (Gaming) 1 of 1
Type (Growth Capital) 1 of 3
State (Nevada) 1 of 1
Country (United States) 1 of 3
Year (2013) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-25 MobileRQ

Portland, Oregon, United States

MobileRQ, Inc. is a contextual mobile marketing platform that allows enterprises to create personalized messages and in-app contents for brand engagement. MobileRQ, Inc. was established in 2012 and is headquartered in Portland, Oregon.

Buy -