Shamrock Capital (“Shamrock”), a leading investor in the media, entertainment, communications and related sectors, announced today that RidgeLake Partners (“RidgeLake”), a strategic partnership between Ottawa Avenue Private Capital and Apogem Capital, and Bonaccord Capital Partners (“Bonaccord”) has acquired a passive minority interest in the company.
The transaction will provide Shamrock with long-term capital to support continued growth and institutionalization of the platform. There will be no changes to Shamrock’s investment process, day-to-day management or the company’s operations. Other terms of the investment were not disclosed.
“RidgeLake and Bonaccord’s strategic investment in Shamrock is an important milestone in the continued evolution of our business,” said Steve Royer, President of Shamrock Capital. “RidgeLake and its affiliates have been investing in Shamrock since 2005 and have been trusted partners as our business has grown. We are excited about the opportunity to expand our relationship with RidgeLake and look forward to a fruitful partnership with Bonaccord as we believe these companies are a good fit with our long-term vision for Shamrock.”
“The depth of Shamrock’s relationships and experience in its core markets is unmatched, and we believe their ability to partner with growth companies, founders and creators worldwide will continue to flourish in the years to come,” said Todd Milligan, co-head of RidgeLake partners . “We are excited to partner with Shamrock and look forward to supporting the successful, long-term growth of their unique investment platform,” added Michael Lunt, co-head of RidgeLake Partners.
“We are proud to invest in Shamrock Capital, an exceptional middle market sponsor with a consistent track record of investing in quality assets in the media, entertainment and communications space, delivering results to its limited partners for over twenty years,” said Ajay Chitkara , Managing Director Shareholder at…
