Carl Marks Advisory Group Advises CurtCo Robb Media In A Successful Recapitalization

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May 24, 2012, 11:28 ET

NEW YORK, May 24, 2012 /PRNewswire/ -- CurtCo Robb Media LLC, the Malibu, California-based publisher of the Robb Report, a print and digital international magazine reporting on exceptional products and services for the affluent connoisseur, has successfully completed a recapitalization of its balance sheet with the current ownership of the business. The investment banking group of Carl Marks Advisory Group LLC served as exclusive financial advisor to the company.

CurtCo Robb Media retained Carl Marks to lead negotiations between its lender, the financial sponsors and the company. Through this recapitalization CurtCo Robb Media was able to strengthen its balance sheet, fund its digital growth initiatives and expand its international footprint.

CurtCo Robb Media serves the ultra-luxury market with a powerful national, international and regional network of leading lifestyle publications. In business since 1985, the company operates five separate publications, including: Robb Report, a related series of iPad & Tablet apps, Robb Report.com, NYC.Robbreport.com, The Robb Report Collection, Exceptional Properties, as well as a dozen international editions of Robb Report including: China, Russia Turkey, Singapore, Brazil, Spain, Viet Nam, India, Malaysia, Thailand, Kazakhstan, and the Saudi-UAE.

"CurtCo Robb Media has a long and successful history inspiring its loyal high-net-worth customer base with Robb Report, the most respected brand in luxury," said Evan Tomaskovic, partner at Carl Marks. "The company's exceptional management team was key to the recapitalization success. It continues to be the most influential player in the marketplace and is poised to be successful in its plan for further expansion."

"Carl Marks' diligence has fueled CurtCo's exciting growth plans," said William J. Curtis, CEO, CurtCo Robb Media LLC. "Robb Report will now have the resources to accelerate its digital, international and club strategies."

About Carl Marks Advisory Group LLC and Carl Marks Securities LLC

Carl Marks Advisory Group LLC, with offices in New York, Bedminster, N.J., and Charlotte, N.C., provides a wide array of investment banking and financial, operational, real estate and healthcare advisory services to the middle market, including mergers and acquisitions advice, sourcing of capital, financial restructuring plans, strategic business assessments, improvement plans and interim management. Carl Marks Advisory Group is the recipient of the 2010 Turnaround Management Association's Turnaround of the Year Award in the Large Company category, the 2011 M&A Advisor's Debt Financing Deal of the Year, and the 2011 Turnaround Atlas Awards Chapter 11 Reorganization of the Year – Middle Markets.

Carl Marks Securities LLC, based in New York, assists its clients in executing private placements of debt and equity. The firm is a member of FINRA and SIPC. Additional information about Carl Marks Advisory Group LLC and Carl Marks Securities LLC is available at www.carlmarks.com.

SOURCE Carl Marks