Recent Case Studies

1. Newbridge's Investment Banking team helped Esports Technologies, Inc. (NASDAQ: EBET) raise $80 million in acquisition financing:

Esports Technologies Inc (NASDAQ: EBET) a global provider of advanced electronic sports (or esports) wagering products and technology has acquired Aspire Global PLC's (OTC: ASPGF) B2C business in a $75.9 million transaction. The deal included $58.3 million in cash, $11.7 million in a promissory note, and about $5.9 million worth of common stock. Esports Technologies will take over Aspire's portfolio of B2C proprietary online casino and sportsbook brands, including Karamba, Hopa, Griffon Casino, BetTarget, Dansk777, and GenerationVIP

Investment Banking Execution:

  • This transaction presented many challenges from an Investment Banking standpoint, the acquisition consisted of multiple subsidiaries in different international regions, required public and private capital financing, required the coordination of multiple parties in different time zones.
  • Our team worked quickly to identify a select pool investors who had previously invested in international deals and were able to source an offer in under 30 days.
  • We worked diligently with the team's from EBET, Aspire, and multiple financing sources to work through due diligence, legal documents, and final purchase documents to a successful funding result.

2. Newbridge's Investment Banking team raised $15 million in expansion capital for one of the largest Craft Distilleries on the West Coast.

This Craft Distillery is one of the largest independently owned distilling companies on the west coast run by a seasoned management team. The company is the most awarded craft distillery in North America from the American Distilling Institute 7 years running out of 2,000+ distilleries. Distillery created the "Worlds Best Flavored Whiskey" (by Whiskey Magazine) 2 years in a row. The company was founded in 2011 as a family owned distillery, which has adapted to a larger investor base and has the capacity to launch new flavors, new products, contract production and bring new product verticals to market. The company's growth capital plans include the release of new innovative spirits and opening up new distilleries under a replicable and scalable partnership model with Indian Tribes.

Investment Banking Execution:

  • Our team worked closely with management to determine financial options available to the company, which met the growth capital, leverage ratio, and future working capital needs of the operating business.
  • We worked closely with the company's management team to develop marketing documents and financial pro-forma models that reflected the company's attractive growth prospects.
  • Our team's investor network knowledge and targeted market approach was able to attract an offer with desirable terms in under three weeks.
  • Our client quickly accepted the offer, and our team worked diligently with the investing party to organize final due diligence efforts, negotiate financial covenants, and close the transaction.

3. Newbridge's Investment Banking team facilitated the sale of Alaskan Lucky Shot Mine to Contango Ore, Inc. for $30 million

Contango ORE, Inc. ("CORE" or the "Company") (OTCQB: CTGO) completed the purchase of 100% of the outstanding membership interests (the "Interests") of Alaska Gold Torrent, LLC, an Alaska limited liability company ("AGT"), from CRH Funding II PTE. LTD, a Singapore private limited corporation ("CRH"). AGT holds rights to the Lucky Shot Mine and related mining claims (the "Lucky Shot Project") located in the Willow Mining District about 75 miles north of Anchorage, Alaska.  The Lucky Shot Mine historically produced 252,000 oz of gold from 169,000 tons of ore (Stoll, 1997) indicating an average head grade of 1.5 oz/ton (1.6 oz/tonne).  Historic production from the Willow district is estimated at 610,000 ounces of gold from grades between 30 and 60 g/t.

Investment Banking Execution:

  • Our team focused on identifying strategic and financial acquirers who either had mining interests near to Lucky Shot's operation or had indicated interest in expanding into the surrounding region.
  • We worked diligently to create marketing materials, organize and populate an investor data room, and disseminate materials to investors to begin scheduling meetings between prospective acquirers and the mine's experienced operating team.
  • As a result, our team received 4 offers for the mine and aided management in strategically selecting the best option.