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RAPAPORT... The Peakstone Group, an investment bank that specializes in mergers and acquisitions advisory and raising capital for middle-market clients, completed its recapitalization transaction for Ashford.com with Prudential Capital Partners. Financial details were not disclosed.
"Peakstone has been an important trusted advisor as we execute on our global strategy," said Mozes Hoch, the CEO of Ashford.com. "Peakstone delivered and demonstrated unparalleled capabilities in its knowledge of ecommerce, understanding of our business and shareholder objectives as well as access to global capital partners during the process. Peakstone's leadership and guidance enabled us to complete a transformational transaction that positions us for the next phase of our global growth."
Mark Hoffmeister, the managing director at Prudential Capital Partners, said, "From an investor's perspective, Peakstone's ecommerce and execution capabilities were extremely helpful to us. Their ability to get us involved and efficiently lead the due diligence and negotiation process led to a successful transaction close."
Prudential Capital offers senior debt and mezzanine capital, leveraged leases, credit tenant leases and equipment finance.
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