Madison Street Capital, an investment banking firm with international presence, played an exclusive advisory role in the acquisition of tech company RMG Networks. In addition to hiring Madison Street Capital, the client, Sachs Capital Group, closed out the transaction with the help of Virgo Capital and Merion Investment Partners, a debt facility provider. With RMG Networks, Sachs Capital Group comes into possession of a digital signage company that also deals in hardware and proprietary software including various services used by many Fortune 100 companies.
Senior Managing Director Barry Petersen was responsible for leading the Madison Street team in assisting this client, according to Madison Street Capital.
Gregory H. Sachs, CEO of Sachs Capital Group, expressed his satisfaction with closing out the transaction in a recent statement. Along with counsel of Madison Street Capital, he was able to make use of their long standing partnerships and expertise to determine the proper sources for funding and when to move forward. He also stated that he was pleased to have the Madison Street team at his side as the acquisition was nearing its end.
Petersen had similar feelings after working on this transaction and seeing it to its end. Having acquired RMG Networks, Petersen sees Sachs Capital Group in command of a larger portion of the market, poised to experience a great deal of growth thanks to the development of cloud storage and new digital signage techniques to be used on more communication platforms.
RMG Networks’ last day of trading on the NASDAQ Stock Exchange was on September 28, 2018. As per the agreement in the transaction, those in possession of RMG Networks stock were paid $1.29 per share.
About Madison Street Capital:
Madison Street Capital is an international investment banking form based in Chicago. Committed to integrity, excellence, and bold leadership, the Madison Street Capital reputation has led to working with corporate clients of high standing. They play a financial advisory role, help manage mergers and acquisitions between businesses, making decisions that lead to the best financial outcome for the client. Madison Street Capital even determines the value of public and private businesses.
When taking on a new client, Madison Street Capital shares the same goals. This allows for a clear strategy that makes sense of markets and global economy with respect to the client’s business needs. Under their counsel, Madison Street Capital’s clients have gone on to meet their ambitious visions and achieve business success.
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