In December, BlueArc Mezzanine Partners (“BMP” or the “Fund”) closed on a $12.0 million mezzanine commitment to AIKG, LLC d/b/a Andretti Indoor Karting & Games (“AIKG” or the “Company”). Headquartered in Marietta, GA, AIKG operates premium indoor entertainment complexes featuring high-speed karting and a variety of other exciting entertainment offerings including arcade video games, racing simulators, rock walls, ropes courses, zip lines, luxury bowling, and laser tag arenas along with full-service restaurants and bars. The Company’s website is www.andrettikarting.com.
BMP provided $12.0 million in total financing structured as senior subordinated debt. The capital was used to refinance existing debt and provide capital for new location growth. Bank of America is the senior lender to the Company.
For more information about this investment, please contact Steve Brannon at firstname.lastname@example.org Scott Barfield at email@example.com call our office at (404) 419-6130.
About BlueArc Mezzanine Partners
BlueArc Mezzanine Partners provides $3 to $15 million of mezzanine and equity capital per transaction to lower middle market companies predominately located in the Southeast, Midwest, and Mid-Atlantic. BMP’s funds are used for growth, acquisitions, recapitalizations, and refinancings in a broad array of industry sectors. The three partners within BMP have a significant track record working with lower middle market companies. For more information, visit www.bluearcmezzanine.com.