June 7, 2012
/PRNewswire/ -- XL Marketing, a leading digital and direct marketing company, today announced an investment by private equity firm GCP Capital Partners, formerly known as Greenhill Capital Partners, as well as a debt facility agented by Madison Capital Funding. The
capital raise will be used to fuel XL Marketing's continued growth through organic business activities, as well as strategic acquisitions.
"We are thrilled to bring on such stellar partners to help us take the company to the next level," said David A Steinberg, XL Marketing CEO. "As we continue to execute on our growth plans in the US, UK and other International markets, it was essential to secure the right kind of capital, with the right partners. We now have the balance sheet, strategic partners and assets and capabilities to compete and win in every market where we play."
"The shift to digital and XL's unique client offerings makes this the ideal time for innovative companies to create value. We believe XL Marketing is uniquely positioned to help its clients capture the full potential of their online marketing efforts," said
, Chairman and Founder of GCP Capital Partners, who will also be joining the Company's board of directors.
Over the past four years, XL Marketing has established itself as a leader in the industry sectors in which it focuses – Financial Services, Education, Insurance and Health & Wellness. This new capital will enable the Company to enhance its offerings that serve these industries.
"David and his team have built XL Marketing into a high growth digital marketing company poised for the next stage in expansion," said
, XL Marketing Vice Chairman, former CEO of Apple Computer and Pepsi.
XL Marketing is headquartered in
New York City
and has offices in
San Francisco, CA
in the UK. It employs more than 200 people.
Petsky Prunier advised XL Marketing on this transaction.