GCA Closes First Major Transaction - A $36m Private Placement into BroadbandTV

Garibaldi’s first transaction epitomizes the value we are here to deliver Canada-wide to technology companies in the coming years. We worked with Shahrzad Rafati, founder & CEO and Hamed Shahbazi, Advisor & Investor, for nearly three years before the formal capital raise began. We helped with finance and growth strategy, facilitated investor and advisor introductions, engaged hands on with employee recruiting, and introduced and vetted new service providers. We were initially hired to prepare this high growth company for a capital raise, and in so doing, began the process to introduce Shahrzad and the company to the appropriate investor and buyer universe. As inbound interest intensified, it came time to tighten and formalize the process. We met RTL Group, Europe’s largest broadcaster and owner of Fremantle Media, through a Garibaldi connection and were impressed with their digital strategy to embrace the on-line video space. The company’s ongoing rapid growth stretched the management team to remain focused on execution; as such, they leaned heavily on the advisory group to drive the transaction to close. As you will see below in the quotes from Shahrzad and Hamed, GCA clearly helped navigate the rigorous and demanding process that a growth equity raise involves. This wouldn’t have been possible without our deep and long standing relationship with the company, established and sustained years ahead of the ultimate transaction.

GCA remains involved with BroadbandTV post-close, helping with corporate development activities in an on-going role. This adds further credence to the GCA engagement model – delivering value to to high growth Canadian technology companies on matters related to financing, growth through acquisition, corporate strategy or divestitures – prior to, during, and post close.

BBTV Corporate Press Release

Shahrzad RafatiFounder and CEOBroadbandTV

“I worked with Brent as an advisor to BroadbandTV for over two years before we decided to raise a significant round of growth capital. The Garibaldi team was instrumental in preparation, marketing and closing our transaction with RTL Group as an integrated, valuable part of my team. I could rely on them to be there when I needed them to deliver great analysis and sound advice. I would highly recommend them for companies committed to growth in this community.”

Hamed ShahbaziCEO of TIO Networks and Investor/AdvisorBroadbandTV

“As an advisor and investor in BroadbandTV, I was very impressed with the dedication, proactivity and smarts exhibited by both Brent and Andrew. They are hard-working, capable, connected and committed to achieving superior results. I would not hesitate to work with this “A-team” in the future in any capacity.”

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