White Oak Merchant Partners, a FINRA-registered broker-dealer affiliated with White Oak Global Advisors, worked with Syco Entertainment, the media production company of television personality, producer and record executive Simon Cowell, on a $125 million ABS transaction.

The transaction marks the first time a non-scripted TV show has been securitized, introducing a new avenue for media IP owners to monetize their assets and cash flows in the capital markets for reinvestment and strategic purposes. Syco will use proceeds of the transaction to fund expansion.

“It was a privilege to have worked with the team at Syco on this groundbreaking deal from its inception,” Freddy Boom, partner and head of structured finance at White Oak Merchant Partners, said. “We look forward to building on the success of the transaction and continuing this momentum as we work with other similarly situated media companies and IP owners.”

“This innovative transaction is a testament to White Oak’s deep expertise in crafting bespoke asset-backed solutions for our corporate clients and delivering strong value to investors,” Andre Hakkak, CEO of White Oak Merchant Partners, said.