MIAMI-Brightstar Corp. said it has raised more than $61 million in gross proceeds through a private placement of securities. Brightstar plans to use the funds, raised from investors including Falcon Investment Advisors, Prudential Capital Group, Grandview Capital Management and Ramius Capital Group, to continue its growth plans and for general corporate purposes.
“We are pleased to complete this private placement and add such high-quality investors to our team,” said R. Marcelo Claure, president and chief executive officer of Brightstar. “This is a major milestone for Brightstar and a tribute to our history of strong financial performance.”
