CULVER CITY, CA. — Small World Kids, Inc. (OTC BB:SMWK), a leading designer, manufacturer, marketer and distributor of high-quality, award-winning children’s products, has announced it has secured a new $18.5 million debt financing with Laurus Master Fund, Ltd. FocalPoint arranged this financing on behalf of Small World Kids which closed on February 28, 2006.
Small World Kids creates unique products that nurture children’s minds, bodies and spirits. The company has grown not only through its evergreen brands but also through new licenses, retail partners and through acquisitions in recent years. “We’re very happy about the flexibility the new Laurus deal brings to us,” said Small World Kids CEO Debra Fine. “We believe that they will be a great partner in future fundings and acquisitions and be able to support our growth in 2006 and 2007.”
“Raising capital in complex situations under tight time constraints requires a close relationship with capital providers. By cultivating these relationships, FocalPoint provides its clients with a high degree of comfort on the reliability of an investor’s proposal,” noted Rajesh Sood, Managing Director at FocalPoint. “Leveraging our relationships we were able to raise capital to increase liquidity for the Company without the financial constraints imposed by traditional lenders.“
FocalPoint is an independent investment bank, specializing in mergers and acquisitions, private placements (both debt and equity), and financial restructurings. The firm’s primary focus is on middle-market companies with revenues between $10 million and $250 million in a diverse range of industries.
Please feel free to contact Rajesh Sood at (818) 728-6041 with any questions about this transaction.