MVA advises CCUR in LuxeMark acquisition
On February 13, a newly created majority-owned subsidiary of Moore & Van Allen’s client, CCUR Holdings, Inc. (“CCUR”; OTCBB: CCUR), acquired substantially all of the assets of LuxeMark Capital, LLC (“LuxeMark”) and, in a related transaction, made a loan to the newly created subsidiary, LM Capital Solutions, LLC (“LMCS”), for its use in the operation of the LuxeMark business. The transaction was led by Corporate Member Mike Miller and Associates Stacy Grant and Kathryn Hesman. The specialists advising CCUR on this transaction were Finance Member Stacey Vandiford and Associate Will Leister, Tax Counsel Randy Clark , and Securities Associate Wade Sample.
CCUR, based in Duluth, Georgia, is a public company that pursues business opportunities through the evaluation of operating business or assets for acquisition, including an expanding presence in the merchant cash advance space, and also conducts real estate operations through its subsidiary Recur Holdings LLC.
LuxeMark, based in New York, New York, facilitates and monitors the provision of syndication capital, loans, lines of credit and other leverage to funding companies within the merchant cash advance space.