White Oak Merchant Partners, a FINRA-registered broker-dealer affiliated with White Oak Global Advisors, worked with Syco Entertainment, the media production company of television personality, producer and record executive Simon Cowell, on a $125 million ABS transaction .
The transaction marks the first time an unscripted television program has been securitized, introducing a new avenue for media IP owners to monetize their assets and cash flows in the capital markets for strategic and reinvestment Syco will use the proceeds of the transaction to fund the expansion.
“It was a privilege to have worked with the Syco team on this ground-breaking deal from its inception,” said Freddy Boom, partner and head of structured finance at White Oak Merchant Partners. “We look forward to building on the success of the transaction and continuing this momentum as we work with other media companies and intellectual property owners.”
“This groundbreaking transaction is a testament to White Oak’s deep expertise in crafting customized asset solutions for our corporate clients and delivering great value to investors,” said Andre Hakkak, CEO of White Oak Merchant Partners.