broadbandtv

Transaction Type

Private Placement

Business Description

BroadbandTV is a leading Multi-Channel Network on the YouTube platform with patent pending technology solutions. It was a high growth company that remained profitable throughout its rapid revenue rise from 2010 to 2012.

Background

Brent Holliday worked with BBTV from late 2009, when he met Shahrzad Rafati, the founder and CEO.  Brent was impressed with the knowledge and drive that Shahrzad showed. Shahrzad was looking for an advisor to help her with corporate development strategy and she liked Brent’s connections and experience. When it was time to prepare the Company for a meaningful institutional round of financing, Shahrzad and co-founder Hamed Shahbazi hired Brent and his new team to prepare and assess the right amount of financing for the Company’s continued growth.

Role and Value-Add

The Garibaldi team prepared BBTV for a meaningful institutional capital raise by building a financial model, reviewing the growth strategy and helping build the rationale for making the investment in BBTV. Brent and Shahrzad met the world’s best digital media investors, but decided to work with a large European media company RTL Group as the best partner for her and her Company’s global dominance plans.

Outcome

RTL Group invested $36 million in BroadbandTV in June 2013 in the largest Canadian Internet Media company private placement in just over six years.

Most importantly, for Garibaldi Capital Advisors, Shahrzad and her other shareholders were delighted with the outcome and retained Garibaldi as continuing corporate development advisors.

News Release