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Middlemarch Partners Successfully Completes $21.95 Million Growth Equity Raise for FlexShopperNEW YORK, June 30, 2016 /PRNewswire/ -- Middlemarch Partners announces its role as the sole merchant banking advisor in the completion of a $21.95 million preferred equity raise for FlexShopper, Inc., an online provider of lease-to-own ("LTO") financing and payment solutions for consumers. Middlemarch Capital Partners, Middlemarch Partners' co-investment arm, invested alongside a $5 billion private equity fund that led the investment round. Logo - http://photos.prnewswire.com/prnh/20160629/385059LOGO The financing will enable FlexShopper to accelerate its growth in originating consumer leases through its LTO e-commerce marketplace and patent pending LTO payment method that is used by leading retailers across the United States. FlexShopper is able to support LTO transactions online, in stores, and via its smart phone application, the FlexShopper wallet. Through its partnerships with leading retailers of electronics, appliances, furniture, musical instruments, and equipment, FlexShopper offers over 80,000 different items all on a lease-to-own basis. Internet Retailer recently named FlexShopper as the fastest growing consumer electronics e-retailer in the United States for 2015. Brad Bernstein, CEO, stated, "We are very pleased with this capital raise. Securing the support of our lead investor will assist us in growing our franchise with leading retailers in electronics, appliances, and furniture. The funds will also allow us to reach more American consumers wo deserve the opportunity to lease the branded merchandise they love." He continued, "We are happy to have Middlemarch investing with us again, as they did last year when we raised capital with their assistance. They understand our business and have been fully supportive of our strategy." Dean Larson of Middlemarch Partners added, "Earlier this year we launched Middlemarch Capital Partners to offer institutional investors and family offices the opportunity to invest alongside blue-chip lead investors in Middlemarch Partners-sourced investment opportunities." He continued, "Our investment in FlexShopper includes capital from our Partners as well as several family offices that believe in the capital appreciation potential of FlexShopper. We look forward to sharing other investment opportunities sourced through our merchant banking activities with interested debt and equity investors." ABOUT FLEXSHOPPER ABOUT MIDDLEMARCH PARTNERS For more information on Middlemarch Partners, LLC please visit www.middlemarchllc.com. Media Contact: Sasha Grutman To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/middlemarch-partners-successfully-completes-2195-million-growth-equity-raise-for-flexshopper-300292581.html SOURCE Middlemarch Partners |