ORIX Venture Finance has announced that it has provided debt financing to Zoom Media Group Inc.. ORIX joins Zoom’s existing capital providers, the de Gaspé Beaubien family and ABS Capital Partners, the equity investors and owners of the Company. Zoom will use new capital to continue to expand its existing media and advertising products and services, particularly the company’s digital advertising networks.
Zoom provides targeted marketing and advertising solutions to advertisers through out-of-home (OOH) media and marketing programs, with a specific focus on the active lifestyle demographic. Zoom is based in Montreal, Quebec with U. S. headquarters in New York.
“Zoom enjoys a strong industry reputation and is particularly recognized for its proven digital advertising technology platform,” said Henry O’Connor, managing director of ORIX Venture Finance. “As the demand for new marketing methods is exploding, Zoom is poised to capitalize on emerging trends in the digital placed based industry with a quality product that delivers targeted solutions to the prized 18-34 demographic.”
“The strength of Zoom’s seasoned management team and the participation of the de Gaspé Beaubien family and ABS Capital Partners also gave ORIX the confidence that the company deserved our strong financial support. We are delighted to have Zoom as a partner,” O’Connor added.
Zoom Chairman and Chief Executive Officer, Francois de Gaspé Beaubien, noted, “We welcome ORIX Venture Finance’s financial participation in our company as a reflection of our established leadership in delivering effective digital marketing solutions. By securing this financing, Zoom will continue expanding digital products and services as well as make further strategic acquisitions, the likes of which have already helped us double in size since 2008.”
For more information, http://www.orix.com/orix-finance/venture-finance.aspx
