Boston, MA, March 3, 2009 - NewStar Financial, Inc. (NASDAQ: NEWS), a Boston based specialized commercial finance company, announced that it has served as Lead Arranger and Administrative Agent for a new financing in support of Shamrock Capital Advisors' ("Shamrock") partnership with Media Storm LLC ("Media Storm"). Shamrock, investing from its $311 million Shamrock Capital Growth Fund II, is a Burbank, CA-based private equity firm that specializes in lower middle market growth equity investments, buyouts and recapitalizations in media, entertainment and communications companies. Media Storm, headquartered in South Norwalk, CT, is a strategic media agency providing marketing solutions for clients in the entertainment industry.
"The NewStar team made every effort to really understand Media Storm's unique business," commented Tim Williams, Co-Managing Partner of Media Storm. "NewStar played an important role in the transaction and we are confident that they are the right financing partner to help us achieve our goals."
Will Wynperle, Managing Director at Shamrock said, "NewStar proved to be a flexible and dependable partner despite the unprecedented dislocation in the debt markets. The team stood behind its proposal and executed the transaction smoothly."
NewStar Financial served as Lead Arranger and Administrative Agent for the senior credit facilities. "NewStar is very pleased to partner with Shamrock and Media Storm and we look forward to a long relationship," said Jeff Greene, Director at NewStar. "Shamrock's extensive knowledge of the media industries should help broaden Media Storm's already impressive track record of providing cutting edge, award winning service to its clients."
NewStar's deal team for the transaction included Jeff Greene and Kristen Abels.