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ATLANTA–(BUSINESS WIRE)–Eagle Global (“Eagle”), a Georgia-based women and minority-owned distributed gaming provider, today announced that it has closed a $50 million funding agreement with the Private Credit activity of Goldman Sachs Asset Management (“Goldman Sachs”) to finance the combination of two COAM activities. The combination of these companies makes Eagle one of the leaders in the coin-operated amusement machine (COAM) industry in the state. The agreement includes committed capital available to fund Eagle’s future expansion through the acquisition of additional distributed game providers in the region and other growth capital expenditures.
The Eagle team is made up of experienced traders and private equity investors with over 40 years of industry experience. “We are proud of the team that has built the business over the past 12 years and are grateful for the support of our customers, our team and the Georgia Lottery Corporation whose steadfast leadership has helped institutionalize our industry while simultaneously serving the needs of thousands of Georgia residents through their commitment to the various educational programs such as the HOPE and Pre-K scholarships here.We are committed to expanding leadership opportunities for women in areas where there is has little representation and, at Goldman Sachs, we have found a partner who shares our vision for a more inclusive platform that provides superior levels of service to clients,” said Michelle Franklin, co-founder and CEO of Eagle.
“We are delighted to partner with Michelle, Antonia and the team at Eagle, who we believe embody the qualities we seek in strong leadership teams. With their customer value proposition and focus on compliance, we see a compelling opportunity for the business to continue to grow both organically and through acquisitions to increase its competitive footprint in the COAM market,” said the Goldman Sachs Asset Management team. .
About Eagle Global
Eagle Global is the owner and operator of a COAM Class B Master License in the State of Georgia. With a road that stretches to nearly every corner of the state, a team with over 40 years of industry experience across operations, private equity and retail, Eagle meets the needs hundreds of customers thanks to its team of qualified technicians and operators. With its partnership with Goldman Sachs, Eagle is actively seeking to acquire or partner with other industry operators here in Georgia while continuing to build on its organic growth. For more information, please visit www.eagleglobalinc.com.
About Goldman Sachs Asset Management Private Credit
Combining traditional and alternative investments, Goldman Sachs Asset Management offers clients around the world a dedicated partnership and a focus on long-term performance. As a primary investment area within Goldman Sachs (NYSE: GS), we provide investment and advisory services to the world’s leading institutions, financial advisors and individuals, leveraging our deeply connected global network and on tailored expert insights, across all regions and markets, overseeing over $2 trillion in assets under watch globally as of December 30, 2021. Driven by a passion for the performance of our clients, we seek to build long-term relationships based on conviction, lasting results and shared success over time. Goldman Sachs Asset Management invests across the full spectrum of alternatives, including private equity, growth equity, private credit, real estate and infrastructure. Founded in 1996, the private credit business within Goldman Sachs Asset Management is one of the largest private credit investors in the world with more than $85 billion in assets in direct lending, mezzanine debt, hybrid capital and asset-based lending strategies. Our deep industry and product knowledge, extensive relationships and global footprint position us to deliver results at scale with speed and certainty, supporting lower-middle market to large-cap companies. follow us on LinkedIn.
Source: Eagle Global