Business & Finance
Business and Finance
Business and Finance 
Fri, May 14, 2010
Imperial Capital Advises Western Money Systems in Its Sale to Global Cash Access Holdings
LOS ANGELES, CA--(Marketwire - May 14, 2010) - [ Imperial Capital ] announced today the closing of the sale of Western Money Systems, Inc.("Western Money") in its sale to Global Cash Access Holdings, Inc. (
Founded in 1982 and headquartered in Sparks, Nevada, Western Money has been a leader in providing cash handling solutions to gaming establishments for over 25 years. With the advent and subsequent standardization of cashless "Ticket-In, Ticket-Out" technologies across most U.S. casinos over the last decade, Western Money has dedicated significant resources toward the development and ongoing refinement of its proprietary ticket redemption kiosk product line. Western Money has been a leader in the continual sophistication of the casino kiosk segment, with its product platform constantly evolving to incorporate enhanced capabilities such as ATM functionality, player rewards and tracking, jackpot management, credit card advance services and casino advertising.
"Imperial Capital's in-depth knowledge of the gaming industry and its complex regulatory considerations were critical to helping us achieve our objectives in this transaction," said Bernie Boyle, CEO of Western Money.
"Our investment banking team of over 60 professionals is dedicated to providing superior solutions to the middle market. Our clients value our ability to provide comprehensive investment banking services including merger and acquisition, capital markets and restructuring advisory services in 14 industry verticals," said[ Jason Reese ], Chairman and Chief Executive Officer of Imperial Capital. [ Brian Wood ], Managing Director, Imperial Capital, who led the engagement added, "Western Money has been a long-time client and we were proud to represent the company and its shareholders in delivering this successful outcome. We believe the company will continue to flourish under the GCA umbrella."
About Imperial Capital, LLC
Imperial Capital, founded in 1997, is a[ full-service investment banking firm ] with offices in Los Angeles, New York, San Francisco, Boston, Houston and Minneapolis. The firm currently employs over 170 professionals and offers a wide range of proprietary products and services to institutional investors, middle market companies, and private equity firms. Imperial Capital provides institutional clients research and sales and trading of high yield and distressed debt securities, bank debt, convertible bonds, preferred stocks, and equities. The firm provides middle market companies and financial sponsors with capital markets, merger and acquisitions, capital structure, restructuring and recapitalization advisory services. More information about Imperial Capital can be found at [ www.imperialcapital.com ].