ACT Entertainment received $117M in senior secured credit facility to support acquisitions of Spitfire Creative Technologies and Ambersphere Solutions.

Apr 10, 2024•over 1 year ago

Amount Raised

$117 Million

JacksonOther

Investors

Base Equity PartnersComvest Credit Partners

Description

Comvest Credit Partners acted as the sole lender to provide a $117 million senior secured credit facility to ACT Entertainment (the “Company”). The financing was utilized to refinance existing debt and support the company’s acquisitions of Spitfire Creative Technologies and Ambersphere Solutions, two prominent providers in the audio, visual, and professional lighting solutions industry.

Company Information

Company

ACT Entertainment

Location

Jackson, Missouri, United States

About

ACT Entertainment is the leading manufacturer and value-added distributor of audio and lighting products and equipment to the North American entertainment industry. Its products are used in live shows, concerts, entertainment venues, theatres and film and television production studios. Founded in 1993 and headquartered in Jackson, MO, the company has more than 500 employees across offices in California, New Jersey, Massachusetts, Ohio, Colorado, Texas, Canada, Mexico, and the United Kingdom.

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

ACT Entertainment received $117M in senior secured credit facility to support acquisitions of Spitfire Creative Technologies and Ambersphere Solutions.

Investors

Description

.css-1v6jzuu{--tw-text-opacity:1;color:rgba(75, 85, 99, var(--tw-text-opacity));}Company Information

Funding Insights

Related People

Company Information