Deal History

36+ total transactions representing $1B+ in select investments in aggregate value — 10 tracked below spanning 1990–2018 · 4 industries

36+
Total Transactions
4
Industries
1990–2018
Years Active
Aerospace & Defense1
Investment in American Robotics Inc.2010
Acquired by: Carolina Barnes Corporation

Early-stage and venture capital investment that returned 3-X investment within 10 months.

$1M-$10MBuy SideBuy Side Advisor
Media & Entertainment5
SFX Entertainment Bankruptcy Reorganization2016
Strategic acquirer: Creditors

Frank Barnes served as member of the board of directors and special committee for the reorganization of bankrupt SFX Entertainment, a live-events conglomerate producing entertainment events.

$600M+RecapitalizationSell Side Advisor
Acquisition of MJD Communications Rural Telephone Companies1995
Acquired by: Carolina Barnes Corporation

MJD Communications was formed to acquire and operate local exchange carrier rural telephone companies.

$10M-$50MBuy SideBuy Side Advisor
Consolidation of Centel into WilTel Communications1992
Strategic acquirer: WilTel Communications Systems

Following the acquisition of Centel and subsequent consolidation as WilTel Communications Systems, sales grew from $211 million to over $490 million in two years. Team member William Merritt served as President and COO.

$200M-$500MMergerSell Side Advisor
Investment in Movies USA Magazine Publisher1990
Acquired by: Carolina Barnes Corporation

Magazine publisher with over one million in controlled circulation.

$1M-$10MBuy SideBuy Side Advisor
Sale of Movietime Channel to Comcast Consortium1990
Strategic acquirer: Comcast consortium

Basic cable television programming company sold to Comcast consortium, later renamed E! Entertainment Television. The investment appreciated to over $1 billion in value.

$500M+Sell SideSell Side Advisor
Real Estate2
Investment in StorageBlue Self-Storage Portfolio2005
Acquired by: Carolina Barnes Corporation

Principal investment in StorageBlue, an owner of self-storage warehouses across from NYC in Jersey City. Frank Barnes served as chief revenue officer and director of StorageBlue Equities LLC.

$10M-$50MBuy SideBuy Side Advisor
Investment in Seaboard Property Management1990
Acquired by: Carolina Barnes Corporation

Principal investment in owner and manager of office buildings in Connecticut. William Merritt serves as principal at Seaboard Properties Inc.

$10M-$50MBuy SideBuy Side Advisor
Software & SaaS2
Function(x) Inc. Workout2018
Strategic acquirer: Not applicable

Frank Barnes served as interim chief executive officer for the workout of troubled public company Function(x) Inc., involved in aggregating and providing internet content.

$10M-$50MRecapitalizationSell Side Advisor
Viggle Inc. Transaction - Fairness Opinion2012
Strategic acquirer: Not disclosed

Carolina Barnes Corporation delivered a fairness opinion on a $21,679,093 transaction representing market value of securities received by Viggle Inc.

$20M-$25MSell SideSell Side Advisor