Stellus Capital Management, LLC Provides Unitranche Financing in Support of CIVC Partners’ Acquisition of 829 StudiosSep 28, 2021
Houston – TX, September 28, 2021 – Stellus Capital Management, LLC (“Stellus”) announced today that its affiliates provided senior debt financing and an equity co-investment in support of CIVC Partners’ (“CIVC”) investment in 829 Studios (“829” or the “Company”).
829 provides integrated, data-driven digital marketing services to clients across B2C and B2B verticals. Since its founding in 2007, the Company has established itself as one of the industry’s fastest growing digital marketing companies, offering a comprehensive suite of services including paid search, search engine optimization, social media marketing, email marketing automation, e-commerce, public relations, branding, and web development.
Scott Schwartz, a Partner at CIVC, commented that, “829 is a differentiated digital marketing services provider with an exceptional track record of client satisfaction driven by deep technical expertise and measurable, data-driven results. We are excited to partner with co-founders Peter Ross and Nick Riotto to support the company in accelerating organic growth and pursuing strategic acquisitions.” Andrew Roche, a Vice President at CIVC, added, “829 is an exciting investment opportunity for CIVC and a strong fit with our experience investing in high-growth service-oriented businesses. We are also excited to partner with Stellus on the transaction as we grow the 829 platform.”
Colin Baker, Managing Director at Stellus, added, “We are excited about and appreciative of the opportunity to partner with CIVC and have the ability to support Peter and Nick with their ongoing success. 829 has proven to be a value-added digital marketing agency and we look forward to supporting the business in its continued growth.”
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