Breakwater Finances Acquisition of Open Road Entertainment by kalai7

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Growth capital fund continues to build leading Los Angeles-based entertainment marketing firm serving the film, television, and video game industries.

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									Breakwater Finances Acquisition of Open Road Entertainment

Growth capital fund continues to build leading Los Angeles-based
entertainment marketing firm serving the film, television, and video game
industries.

Los Angeles, CA, October 17, 2012 -- Breakwater Investment Management,
LLC ("Breakwater") is pleased to announce the recent closing of a
significant follow-on investment in Los Angeles-based Happy Hour
Creative, LLC (“Happy Hour”), to sponsor the acquisition and integration
of Open Road Entertainment, LLC. Breakwater is a private investment firm
that specializes in direct investments in leading small to lower middle
market growth businesses.

“We are delighted to announce Happy Hour’s acquisition of Open Road
Entertainment, a leading provider of creative marketing services in the
film, television, home entertainment, video game, and digital media
industries,” said Greg Golden, CFO at Happy Hour. “The follow-on growth
capital investment from Breakwater was critical in allowing us to
successfully execute on this strategic opportunity in a timely manner.”

“We are very excited to be part of this expanded platform of production,
and look forward to growing Open Road Entertainment further,” said Jeff
Smith, founder and CEO at Open Road Entertainment. “We are also very
pleased about our partnership with Breakwater, given the firm’s extensive
resources and capabilities.”

“We are thrilled that our capital has allowed Happy Hour to pursue
targeted opportunistic acquisitions in its sector,” said Saif Mansour,
Managing Partner at Breakwater. “The addition of the talented
professionals at Open Road Entertainment, under the leadership of founder
Jeffrey Smith, will help our platform company further its mission of
providing best-in-class creative marketing services to a growing, global
client base in the entertainment industry.”

About Breakwater Investment Management, LLC:
Breakwater Investment Management (www.breakwaterfund.com) is a private
investment firm that specializes in direct investments in small to lower
middle market growth businesses with annual sales ranging between $5
million and $100 million. The firm serves as general partner of
Breakwater Structured Growth Opportunities Fund, LP, a $100 million open-
ended private investment partnership organized in August 2008 under
Delaware law. The Fund’s investment objective is to generate both current
income and capital appreciation through secured debt investments
accompanied with equity participation rights, primarily in growth-
oriented companies across a variety of industries.

If you would like to know more about Breakwater, visit
www.breakwaterfund.com or call (424) 777-4000.

Contact:
Lauren Brand
Breakwater Investment Management, LLC
1999 Avenue of the Stars
Suite 3430
Los Angeles, CA 90067
424-777-4000
james@englishwordfactory.co
http://www.breakwaterfund.com

								
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