123 LumpSum Holdings, LLC, a leading originator of secondary structured settlement transactions, announced the completion of a private placement of equity with GCP Capital Partners LLC (“GCP”). The terms of the transaction were not disclosed. The new capital will be used by 123 LumpSum to support the expansion of its advertising and marketing program, as well as, development of new financial solutions. Bryant Park Capital Securities, Inc. (“BPC”) acted as exclusive financial advisor and sole placement to 123 LumpSum in connection with the investment by GCP.
123 LumpSum Holdings, LLC Private Placement of Preferred StockCapital Raising, Specialty Finance & Financial Services
“Due to their long track record in financial services, BPC was able to clearly convey to investors the attractive opportunities we see in the structured settlement industry and position 123 LumpSum as a strong platform to become the #2 player behind the combined J.G. Wentworth and Peachtree. BPC’s perseverance and exceptional network of relationships across the investor universe including private equity firms, alternative lenders and family offices, allowed 123 LumpSum to explore several creative financing solutions. We couldn’t be happier with the outcome of the engagement and would highly recommend BPC to other companies seeking an experienced capital raising advisor.”