Los Angeles, California – Avante Mezzanine Partners is pleased to announce its investment in SunBriteTV. Headquartered in Moorpark, California, SunBriteTV is the leading designer and manufacturer of all‐weather outdoor high‐definition LCD televisions. As the pioneer in the industry, SunBriteTV’s all‐weather televisions are specifically engineered for outdoor commercial and residential installations and are designed to stand up to rain, dust, insects, and extreme temperature variations from ‐24 to 122 degrees Fahrenheit. This marks Avante’s first investment out of its inaugural fund, Avante Mezzanine Partners SBIC, L.P.
Avante provided $5.0 million of subordinated debt to support Bunker Hill Capital’s recapitalization of SunBriteTV. “We are thrilled to partner with such a high quality and knowledgeable investor as Bunker Hill Capital, who brings a wealth of industry experience and expertise to this transaction.” said Jeri Harman, a Founder and Partner of Avante. “SunBriteTV’s industry‐leading relationships, superior product portfolio, and highly experienced management team ideally situate the Company to take advantage of the rapidly growing outdoor television market.”
“We are pleased to have Avante Mezzanine as our financing partner for this transaction,” said Brian Kinsman, Managing Partner of Bunker Hill Capital. “We were impressed with Avante’s structuring flexibility and speed of execution. Moreover, Avante’s understanding of SunBriteTV’s business facilitated a shared strategic vision among all the stakeholders, so management can focus on growth and continue to build on SunBriteTV’s leadership position in the market.”
Avante is a lower middle market mezzanine fund headquartered in Los Angeles, California with an office in Boston, Massachusetts. Avante is focused on making $3 million to $15 million subordinated debt and structured equity investments in buyouts, minority recapitalizations, refinancings, and acquisition and growth financings. Avante’s three Partners have collectively invested more than $1.3 billion in over 60 transactions. For more information on Avante, visit www.avantemezzanine.com.
SunBriteTV is the world’s leading designer, manufacturer and supplier of all‐weather outdoor televisions and related accessories. SunBriteTV offers a wide selection of high definition LCD televisions ranging in size from 22″ to 55″ that are sold to both residential and commercial customers for outdoor use. All of the company’s televisions are designed and engineered specifically for all‐weather use and are not repurposed indoor televisions. For more information on SunBriteTV, please visit www.sunbritetv.com.
Bunker Hill Capital is a private equity firm that makes investments in lower middle market companies with enterprise values up to $150 million. The principals of Bunker Hill Capital have invested over $400 million in 30 transactions and target opportunities across four industry sectors, including industrial products, business services, consumer products and specialty retail. For more information on Bunker Hill Capital, visit www.bunkerhillcapital.com.