Beedie Capital Partners Announces $10.25 Million Growth Financing for Nettwerk Music GroupVancouver, British Columbia - Beedie Capital Partners ("BCP") announced its ongoing support of existing portfolio investee, Nettwerk Music Group (“Nettwerk”), with significant participation in the $10.25 million round of growth equity financing led by new investor, HBC Investments LP (“HBC”) based in Dallas, TX. In addition, the four founding partners: Terry McBride, Ric Arboit, Dan Fraser and Mark Jowett, participated in the financing.
Nettwerk is a privately held independent music company focused on building successful artists by offering a unified set of management, record marketing and publishing services. Nettwerk will use the proceeds of the financing to invest in new and existing artists under development.
BCP has been a longstanding investor in Nettwerk, and provided early funding targeted at catalog acquisitions in its Publishing division. Terry McBride, CEO of Nettwerk, said, "It's been amazing working with Beedie Capital as they truly understand what it takes to add value and they have the patience to see it through". Randy Garg, Managing Partner of Beedie Capital Partners, will continue to serve on Nettwerk’s Board of Directors. Randy brings over 20 years of investing, corporate finance and M&A experience working extensively with small to mid-sized growth stage companies over this time.
Please click here for the full press release issued by Nettwerk.
About Beedie Capital Partners
Beedie Capital Partners ("BCP") provides highly flexible debt and equity solutions to small to mid-market companies across a wide variety of industry sectors. Managed by a small core team of decision makers, BCP is highly responsive, creative and flexible with terms, timing and transaction structure. BCP has been actively investing since its establishment in early 2011, with 8 portfolio investments (current and past) and nearly $40 million invested to date since inception. BCP is fully-funded by Beedie Development Group, British Columbia’s largest private industrial landlord and developer, established in 1954. Please also visit www.beediecapital.com and www.beediegroup.ca for further details.
About Nettwerk Music Group
Nettwerk Music Group (“Nettwerk”) the umbrella company for Nettwerk Records, Nettwerk Management, Nettwerk Producer Management and Nettwerk One Publishing. Nettwerk connects music fans with music makers. From launching the careers of Sarah McLachlan and Coldplay and developing artists like fun., Old Crow Medicine Show, Morgan Page, Passenger, Family of the Year and Wanting to working with a roster of top-flight producers and mixers like Chris Lord-Alge, Howard Benson, and Bob Clearmountain, Nettwerk continues its over 25 year history of tenacity, innovation and ingenuity. As a worldwide organization, Nettwerk offers its clients a wide range of services in the business of music while ensuring the artist remains the creative centre. Please visit the company website at www.nettwerk.com.
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