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NewStar Finances Follow-on Acquisition for Argyle Executive Forum

Transaction Summary

Argyle Executive Forum (“Argyle”) is a leading provider of C-suite level executive summits for Fortune 500 business leaders. It was acquired by The Wicks Group of Companies (“Wicks”) in June 2015.

In early 2016, Argyle identified one of its competitors as a potential merger partner that would add to the Comapny's capabilities and bolster its leadership position in the market.

To make the deal happen, Wicks and Argyle needed a trusted financial partner with expertise in the industry and enough dry powder to support the company’s future growth strategy. Wicks’ prior success with NewStar and our ability to move quickly in a fast-paced process led Argyle to choose us to arrange $55 million of senior credit facilities.

The acquisition closed as planned in May 2016, adding to the strength and success of a growing partnership.

Sponsor

Founded in 1989 by Carter Bales, Edgar Berner and Craig Klosk, Wicks has invested over $1 billion of capital in 28 different platform companies and approximately 100 add-on acquisitions. The firm invests in lower middle-market companies operating in select segments of the information, education and media industries primarily in the United States and Canada.

NewStar has completed a series of successful deals with Wicks, including Wilks Broadcasting, NewBay Media, WBI Media and Daily Racing Form.

Testimonial

"Argyle's ability to show certainty of financing in a tight timeframe was essential to the sellers of Innovation Enterprises.  NewStar was highly responsive to our needs and delivered a flexible solution that allowed us to complete this transformative acquisition."

Craig B. Klosk, Managing Partner and Co-founder of Wicks.



 

Industry:Business Services
Company Size:$50MM+ in Revenue
Product:$55MM Senior Secured Credit Facilities
Purpose:Acquisition/Refinancing
NewStar Roles:Sole Lead Arranger
Administrative Agent
Deal Team:Jason Wendorf
Rob Milordi
Ankush Kumar
Matt Pierce
Tyler Kramp
Case study available
Argyle Executive Forum

a Portfolio Company of

Wicks Group

$55,000,000

Senior Secured Credit Facilities

Provided by

NewStar Financial logo

Lead Arranger & Administrative Agent

2016

Case study available
Argyle Executive Forum

a Portfolio Company of

Wicks Group

$55,000,000

Senior Secured Credit Facilities

Provided by

NewStar Financial logo

Lead Arranger & Administrative Agent

2016

Industry:Business Services
Company Size:$50MM+ in Revenue
Product:$55MM Senior Secured Credit Facilities
Purpose:Acquisition/Refinancing
NewStar Roles:Sole Lead Arranger
Administrative Agent
Deal Team:Jason Wendorf
Rob Milordi
Ankush Kumar
Matt Pierce
Tyler Kramp
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