William Blair arranged a senior credit facility for Wireless Vision Holdings, LLC in its role as exclusive financial advisor. The transaction closed on March 1, 2016, and proceeds were used to refinance existing debt, fund two acquisitions, and provide for the company’s future growth.
Transaction Highlights
- Fit with William Blair’s leveraged finance and industry expertise: Wireless Vision was attracted to William Blair’s extensive debt arrangement capabilities and broad network of capital providers, as well as the firm’s specialty retail expertise and wireless retailer experience.
- Maximum flexibility: William Blair’s dedicated financing team was able to secure a capital structure that provides Wireless Vision with the optionality and flexibility to support its growth objectives.
- Execution excellence: The William Blair team executed a competitive process for the company and sponsor, while also advising on alternative capital structures. The deal team worked closely with the client to prepare offering materials, provide guidance regarding key deal elements, coordinate diligence, and negotiate final transaction terms.
About the Companies
Wireless Vision is the largest T-Mobile Exclusive Retailer in the country operating more than 200 T-Mobile-branded retail stores in 15 markets. Established in 2004 and based in Bloomfield Hills, Michigan, the company is dedicated to providing the finest-quality products and highest level of service to its customers. Wireless Vision is owned by management and Gauge Capital.
Gauge Capital is a Texas-based private equity firm focused on investing in founder-owned companies in the business and consumer services, healthcare services, and food services sectors. Gauge’s primary aim is long-term, sustainable value creation through transformational change as well as organic and strategically acquired growth.