![]() On a combined basis, the Company is projecting forward 12-month royalty revenues of $56 - $60 million and $36 - $40 million of adjusted EBITDA from the total brand portfolio of 12 brands.įinancing for the Galaxy acquisition was provided by Bank of America ("BofA") and GSO Capital Partners LP ("GSO"), an affiliate of Blackstone Group. In connection with the transaction, The Carlyle Group has become a significant shareholder in Sequential, and Rodney Cohen, Carlyle Managing Director and Co-Head of Carlyle Equity Opportunity Fund, has joined Sequential's Board of Directors.įor the Fiscal Year 2014, the Company is increasing its projected revenue from $28 - $30 million to $36 - $40 million and increasing its projected adjusted EBITDA margin from 55% to 60%. All told, we believe we are incredibly well positioned to achieve our three-year goal of approximately $3.5 billion in retail sales equating to $100 million in annual revenue and $70 million in annual adjusted EBITDA." In addition to growing the brand portfolio from under $100 million in retail sales to nearly $2 billion globally, we have also focused on building a best-in-class platform for future growth. Yehuda Shmidman, Chief Executive Officer of Sequential commented, "In just over two years, Sequential Brands Group has become one of the largest brand management and licensing organizations in the industry. In the transaction, Sequential has acquired four well-known consumer brands including fitness brand Avia® and basketball brand AND1®. ("Galaxy"), a portfolio company of The Carlyle Group, for a purchase price of approximately $100 million in cash, 13.75 million shares of common stock of the Company, and certain performance based warrants. (Nasdaq:SQBG) ("Sequential" or the "Company") announced today that it has closed on the acquisition of Galaxy Brand Holdings, Inc. 18, 2014 (GLOBE NEWSWIRE) - Sequential Brands Group, Inc. Total future contractual guaranteed royalty minimums in excess of $200 million from all twelve brands in the Company's portfolio Two cornerstone licensees for Avia and AND1 renewed and extended before Closing Projecting forward looking twelve month adjusted EBITDA run rate of $36 - $40 million ![]() ![]() Projecting forward looking twelve month revenue run rate of $56 - $60 million 2014 fiscal year projected revenue increased from range of $28 to $30 million to range of $36 to $40 millionĢ014 fiscal year projected adjusted EBITDA margin increased from 55% to 60% ![]()
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