Morgan Joseph TriArtisan Was Placement Advisor to Civitas Media in $62.5 Million Financing

NEW YORK--()--The Financial Restructuring Investment Banking Group of Morgan Joseph TriArtisan LLC (“Morgan Joseph”) today announced the successful placement of $62.5 million in senior credit facilities following the formation of Civitas Media, LLC. Morgan Joseph served as a placement advisor to Civitas in connection with the financing transaction.

“With this transaction, Civitas has the financial strength to focus on opportunities for its editorial and advertising professionals to serve their local communities”

Formed in 2012, Civitas is a community oriented news media company formed by private equity investment firm Versa Capital Management, LLC (“Versa”). Civitas combined four media entities owned by Versa, including: Freedom Central, Heartland Publications, Impressions Media, and Ohio Community Media.

“With this transaction, Civitas has the financial strength to focus on opportunities for its editorial and advertising professionals to serve their local communities,” said James (“Jim”) Decker, Head of Morgan Joseph’s Financial Restructuring Group. “The new Company is now well positioned for growth.”

In addition to Mr. Decker, the Morgan Joseph team members involved in implementing the transaction included Jay Jacquin and Alex Fisch, Directors, and James Hadfield, Vice President.

About Civitas Media, LLC

Civitas Media, LLC is a publisher of community newspapers in 12 Midwestern, Mid-Atlantic, and Southern states. The company includes the following media groups: Freedom Central, four daily newspapers in Illinois, Ohio and Missouri; Heartland Publications, 17 daily and 29 weekly papers across Georgia, Kentucky, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, Virginia, and West Virginia; Ohio Community Media, with 13 daily and 30 weekly publications across the state of Ohio; and Impressions Media, which operates the Wilkes Barre Times Leader and other local publications in the northeastern Pennsylvania area. Civitas Media employs approximately 1,650 people.

About Versa Capital Management, LLC

Philadelphia-based Versa Capital Management, LLC is a private equity investment firm with $1.2 billion of assets under management that is focused on control investments in special situations involving middle market companies where value and performance growth can be achieved through enhanced operational and financial management. More information can be found at www.Versa.com.

About Morgan Joseph TriArtisan LLC

Morgan Joseph TriArtisan LLC (www.mjta.com) is an investment bank engaged in providing financial advice, capital raising and private equity investing. The firm’s services include mergers, acquisitions and restructuring advice, in addition to private placements and public offerings of equity and debt.

Contacts

Media:
Steven S. Anreder
Cristina Bacon
of Anreder & Company
212-532-3232
steven.anreder@anreder.com
cristina.bacon@anreder.com