December 13, 2016 – Clear Capital Advisors served as exclusive financial advisor to New Wave Entertainment (“New Wave” or the “Company”) in connection with its partial sale to an ESOP (Employee Stock Ownership Plan). Clear Capital advised in the funding and structuring of this leveraged ESOP transaction.

Paul Apel, CEO of New Wave, who will continue to lead the Company, commented “After exploring a range of options available, I determined that rewarding our loyal employees with ownership would be an outstanding way to align our talented and dedicated staff and attract new talent. Clear Capital Advisors worked tirelessly, raising the necessary capital and providing the advice to create the best outcome for our shareholders and our employees.”

New Wave Entertainment is a premier media company renowned for delivering the highest quality theatrical and television marketing services, and producing and distributing widely popular content through network, cable, satellite, and digital streaming services. Based in Burbank, New Wave has been a reliable partner to major studios, various broadcast networks as well as notable brands for over 20 years.

The partial sale to an ESOP will position New Wave to accelerate its growth providing creative, digital, social, and other marketing services to major motion picture studios and other entertainment services. Additionally, it puts in place an employee benefit plan that enables employees to become part owners of what New Wave Entertainment believes is the only employee-owned creative marketing firm serving the entertainment community.

“After evaluating a range of alternatives, the partial sale to an ESOP was the best way to achieve the objectives of Paul Apel,” said Bruce Pompan, Managing Partner with Clear Capital Advisors. “The transaction created liquidity for the owners and benefits to their loyal employees by providing them with an opportunity to share in the success of the business.”

About Clear Capital Advisors

Clear Capital Advisors is an investment advisory firm focused on providing mergers and acquisitions advisory and capital raising services to select digital media, technology, business services, and healthcare services companies. Securities offered through Fallbrook Capital Securities Corp., Member FINRA – SIPC. For more information, visit www.ClearCapitalAdvisors.com.