Media tech company CPXi
, a company headquartered in New York with offices globally, required some creative financing after pursuing the sale of one of its operating divisions. CPXi secured a $6 million ABL line from Gibraltar Business Capital
, which will allow the digital solutions company to leverage existing assets while effectively competing in a demand heavy marketplace.
Headquartered in Chicago, Gibraltar Business Capital is a privately held middle-market lender providing small- to medium-sized business owners fresh and accessible capital alternatives to a commercial bank loan.
, an M&A Advisory Firm based in Cambridge, MA represented CPXi in this transaction. Progress Partners and Gibraltar Business Capital have been Axial members since December 2011 and January 2016, respectively.