US Capital Global has provided up to 10 million pounds in financing to UK-based Manifesto Holding, the parent company of various nightclubs. The capital will be used by Manifesto to back its acquisition plans in the hospitality sector.
SAN FRANCISCO (PRWEB) FEBRUARY 23, 2019
US Capital Global has expanded growth-capital financing of up to GBP £10 million for UK-based public company Manifesto Holding PLC (“Manifesto”). US Capital Global anchored the term loan syndication from its own balance sheet, through its business credit fund, US Capital Business Credit Income Fund, LP.
The financing repays a prior bridge loan made by US Capital Global and provides additional growth capital for Manifesto, as it seeks to expand its business through acquisitions. With a host of popular venues across Paris, France, including Wanderlust and Silencio, Manifesto is a growing stakeholder in the French arts, culture, and cinema world, and will be expanding to other cities worldwide.
Headquartered in San Francisco, US Capital Global is a full-service private financial group with a strong focus on asset-based lending, investment management, and capital raise services. The firm focuses on providing lower middle market businesses and investors with sophisticated debt, equity, and investment opportunities usually available only to larger companies and institutional investors.
“We are very thankful to US Capital Global for fulfilling our growth-capital needs with this term loan financing,” said Arnaud Frisch, CEO at Manifesto. “This scalable financing will provide the support we need for our strategic expansion into the hospitality sector.”
“We are extremely pleased to have provided this growth-capital term loan of up to £10 million for Manifesto,” said Jeffrey Sweeney, Chairman and CEO at US Capital Global. “Having received strong, positive acclaim for its innovation in the arts world, Manifesto is now pursuing further expansion in the hospitality sector. US Capital Global was able to support the company’s strategic goals by providing this scalable growth-capital term loan.”
About Manifesto Holding PLC
Manifesto Holding PLC is a UK-based parent company for the prestigious Paris nightclubs Wanderlust and Silencio, among others. Establishing revolutionary arts and culture spaces throughout the city, Manifesto’s various venues play host to a dynamic selection of cutting-edge music, arts, film, and fashion events. Working closely with London’s V&A, Cannes, Art Basel, and the Venice Biennale, Manifesto continues to impress with its progressive artistic vision, attracting a community of celebrated artists and thinkers, and promoting the appreciation of culture and cultural diversity.
About US Capital Global
Since 1998, the US Capital team has been committed to providing small and lower middle market businesses and investors with sophisticated debt, equity, and investment opportunities usually available only to larger middle market companies and institutional investors. The US Capital Global group manages direct investment funds and provides wealth management and capital raise services. Operating with its registered investment bank affiliate, US Capital Global Securities, LLC, the firm acts as a licensed placement agent for companies, funds, and projects, and collaborates closely with its peers in professional banking and investment advisory. http://www.uscapglobal.com