CFG Advises Telecom Client on $32.5M Financing

CFG successfully helped Atlanta-based Simplifi Wireless Group raise $32.5 million of debt and equity.  The funds are being used to finance the build-out of the Simplifi's telecommunications business.  Simplifi Wireless was founded in 2015 by former telecommunications executives from Connectivity Wireless.   Simplifi designs, builds, finances and owns carrier-supported neutral-host in-building wireless networks ("DAS" networks).

CFG took advantage of long standing relationships with multiple debt and equity providers to generate significant interest in the Simplifi financing.    CFG was able to provide Simplifi with multiple financing options and ultimately chose to close with a combination of equity and debt from Orlando-based Penta Mezzanine Fund and New York City-based Raven Capital Management.

Steve Keaveney - CFO of Simplifi Wireless - "CFG structured and completed a capital raise for Simplifi and the result was an extremely creative structure and provided management the flexibility to grow the business without suffering extensive dilution.  CFG identified superb partners with a very strong cultural fit.  We now have the capital and an excellent team and are positioned to execute on our business plan to achieve excellent returns for our investors based on the efforts of John Stanier and the full team at CFG."