Falcon Exits Gas Station TV, Bringing Returned Capital Across All Falcon Funds to Over $540 Million in the Last 12 Months

On April 21st, Rockbridge Growth Equity ("Rockbridge") announced its sale of GasStation TV ("GSTV" or the "Company") to MidOcean Partners for an undisclosed purchase price. As part of the sale, Falcon's Fund IV exited a majority of its common equity shares, and its preferred equity was paid off in full. Both Rockbridge and Falcon continue to hold a small minority equity stake in the go-forward platform. Inclusive of GSTV, Falcon has returned more than $540 million to investors across all Falcon Funds in the last 12 months via 9 exits. 

GSTV is a data-driven, national video platform entertaining targeted audiences at scale across 29,000+ fuel retailers. The Company helps drive immediate purchase decisions and creates lasting brand impressions for some of the world’s largest advertisers.