Los Angeles-based private investment firm provides growth capital to global gaming test lab.
LOS ANGELES, FEBRUARY 2018 – Breakwater Management LP (“Breakwater”), a provider of flexible capital solutions to growing lower middle market companies, announced today that it recently completed an investment in BMM International LLC, (“BMM” or the “Company”). Breakwater provided BMM a senior secured unitranche term loan through its direct lending vehicle, Breakwater Credit Opportunities Fund, L.P. to support the Company’s continued expansion and capital needs.
Founded in 1981, BMM is a leading provider of software testing, product certification, and compliance services in the high growth regulated gaming industry. With 14 offices across the globe, and approvals / licenses in over 450 jurisdictions, BMM is able to service its clients worldwide. This is the fourth investment by Breakwater in BMM.
Saif Mansour, Managing Partner at Breakwater, commented: “We are excited to continue the partnership with BMM and further the successful relationship that has lasted for nearly eight years.”
BMM’s President and Chief Executive Officer, Martin Storm, stated “Breakwater has been and continues to be an important partner for BMM. We look forward to entering the next phase of growth at the Company and will benefit tremendously from Breakwater’s financial experience as the Company executes on its various growth initiatives.”
Breakwater Management LP is a private investment firm based in Los Angeles that provides flexible debt and equity capital to growing lower middle market companies. The firm aligns itself with committed management teams, owners, and sponsors, providing creative financing solutions tailored to meet individual borrower needs. Breakwater’s senior investment team has over 55 years of private company investing experience and has built the firm on a deep commitment to integrity, partnership and growth.