LOS ANGELES, Sept. 7, 2016 /PRNewswire/ -- Breakaway Capital Partners Fund, L.P. today announced that it has funded a $10.5 million senior secured credit facility to Galaxy Gaming, Inc (OTC:GLXZ).
Based in Las Vegas, NV, the Company has nearly 20 years of experience in the design, development, manufacturing, marketing and distribution of proprietary casino table games and associated technology, platforms, and systems for the casino gaming industry. The Company owns a portfolio of proprietary table games and provides a diverse offering of enhanced table systems, including progressive jackpot systems, e-tables, and table security. Their products can be found in North America, U.K, E.U, Australia, Africa, the Caribbean, and online gaming sites.
The Galaxy Gaming transaction represents Breakaway Capital Partners Fund's seventh investment. Mike Connolly, Partner of Breakaway Capital said, "We are thrilled to provide debt financing to Galaxy Gaming. The Company has an impressive recurring business model and has continued to show tremendous growth. This is Breakaway's largest transaction to date and representative of our strategy to provide complete one-stop financing solutions for lower middle market companies, financial sponsors and independent sponsors."
"We are excited to have Breakaway Capital as our financing partner. Breakaway's ability to be creative, flexible and close quickly was a tremendous benefit to us," said Gary Vecchiarelli, CFO of Galaxy Gaming.
About Breakaway Capital
Breakaway Capital is a middle market direct lender based in Los Angeles with approximately $150 million of committed capital under management. Focused on companies with up to $10 million of EBITDA, Breakaway provides creative debt financing solutions including senior debt, subordinated and mezzanine debt, and unitranche structures to companies for leveraged buyouts, acquisitions, recapitalizations, restructurings and growth capital for both sponsored and non-sponsored transactions. For more information, please go to www.breakawaycap.com or contact us at firstname.lastname@example.org.
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SOURCE Breakaway Capital Partners Fund, L.P.