Capstone Partners advised Newport Diversified, Inc. and its affiliate, Broadacres Open Air Marketplace, LLC (collectively, the Company) on a senior debt refinancing led by California Bank & Trust, a subsidiary of Zion’s Bank.
The Company, based in Irvine, California, owns and operates recreation, entertainment, and open-air marketplaces. The Company has established itself as the definitive leader in open-air marketplaces throughout Southern California and Nevada with over 4.0 million visitors annually and four open-air swap meets, a recreation and bowling center, and multiple coin-op amusement jukebox routes throughout Southern California.
