Balance Point Capital Partners (“Balance Point”), a private equity firm focused on providing debt and equity capital to lower middle market companies across the U.S. announced today its investment in Family Entertainment Group (“FEG” or the “Company”) to support TZP Growth Partners’ (“TZP”) recapitalization of the Company. Balance Point customized an innovative credit solution for the Company and TZP.
Founded in 2003 and headquartered in Barrington, Illinois, FEG is a leading outsourced designer, developer and operator of arcade and amusement solutions at family entertainment centers. FEG’s services range from arcade game brokerage and facility design to fully outsourced amusement facility management. FEG operates family entertainment and amusement facilities for blue-chip customers within several industries, including indoor waterpark resorts, hotels, amusement parks, bowling centers, movie theaters and restaurants.
Justin Kaplan, a Partner with Balance Point adds, “We are excited to partner with TZP and FEG. We were able to differentiate ourselves by providing a creative solution for TZP while at the same time customizing capital for FEG. We look forward to supporting TZP and the FEG management team as they continue to grow in existing amusement markets and new ones as well.”
About Balance Point Capital Partners
Balance Point Capital Partners invests mezzanine and equity capital in select lower middle market companies. Since 1988, the firm and its predecessor funds have invested in over 80 distinct businesses. Balance Point Capital Partners takes a long-term, partnership approach to investing and is committed to building lasting relationships with private equity sponsors, management teams and intermediaries. Balance Point targets companies with EBITDA between $2 million and $25 million and typically invests $5 million to $30 million per transaction. Balance Point Capital Partners is based in Westport, CT.