DALLAS and CHICAGO, October 2018 — Madison Street Capital, an international investment banking firm, served as exclusive advisor to Sachs Capital Group on its take-private of RMG Networks. Virgo Capital and debt facility provider Merion Investment Partners provided financing in connection with the closing of this transaction. RMG provides digital signage media hardware, software and services to over 50% of the Fortune 100. Charles Botchway, CEO of Madison Street Capital, announced that Senior Managing Director Barry Petersen led the Madison Street team.
Gregory H. Sachs, CEO of Sachs Capital Group, stated, “We are extremely pleased to have closed the transaction. Madison Street Capital’s relationships, guidance and efforts on our behalf, both in identifying capital sources and working with us right through the closing, were important to our success.”
Barry Petersen stated, “It was a great experience in supporting Mr. Sachs in completing this take private transaction. The RMG Networks transaction was a fascinating one. RMG Networks is well positioned to capitalize for its owners on growth opportunities via its recently launched, cloud based, digital signage and corporate communication platform, Korbyt®.”
Pursuant to the transaction, RMG stockholders received $1.29 per share in cash. As a result of the transaction, RMG’s stock ceased trading on the NASDAQ Stock Exchange effective September 28th, 2018.
About RMG Networks
RMG goes beyond traditional communications to help businesses increase productivity, efficiency and engagement through digital messaging. By combining best-in-class software, hardware, business applications and services, RMG offers a single point of accountability for integrated data visualization and real-time performance management. The company is headquartered in Dallas, Texas, with additional offices worldwide. For more information, visit www.rmgnetworks.com
About Sachs Capital Group
Sachs Capital Group is a patient, sophisticated partner that offers flexible, controlling and non-controlling capital to successful entrepreneurs. Our investment philosophy reflects a belief in long term capital appreciation with controlled operating and financial risk. Sachs Capital Group is a disciplined investor with a strong focus on valuation, business fundamentals, superior management and proper corporate governance. For additional information, please visit www.sachscapitalgroup.com
About Madison Street Capital
Madison Street Capital is an international investment banking firm committed to integrity, excellence, leadership and service in delivering corporate financial advisory services, merger and acquisition expertise, financial opinions, and valuation services to publicly and privately held businesses. These services position our clients to succeed in the global marketplace. In undertaking each new project, the client’s goals and objectives become ours, ranging from financial advisory and successful capital raises to M&A transactions to transfers of ownership. Madison Street Capital views emerging markets as the core component driving the global growth of our clients and will continue to focus significant assets on these markets. Our firm has earned the trust of clients around the world through our unwavering dedication to the highest levels of professional standards.