TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
Intro content. Orci varius natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Curabitur iaculis sapien sagittis, accumsan magna ut, blandit massa. Quisque vehicula leo lorem, a tincidunt eros tempor nec. In quis lacus vitae risus egestas tincidunt. Phasellus nulla risus, sodales in purus non, euismod ultricies elit. Vestibulum mattis dolor non sem euismod interdum.
-
Top 5 Apps for Organizing
Mar 7, 2019If you’re like most of us, we try to stay organized in business and life, but it gets increasingly complicated…
-
The Importance of Stretching
Mar 7, 2019Every personal trainer and athletic coach I have ever worked with has stressed the importance of stretching. When working out…
-
SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
-
SFNet's Inaugural YoPro Leadership Summit
Mar 6, 2019The Secured Finance Network brought together the next generation of commercial finance leaders for a full day of learning and…
-
It’s a Marathon, Not a Sprint
Aug 22, 2018I was recently invited to participate in an executive panel to answer questions from a credit training class comprised of...
-
It’s Not Too Late – Five Member Benefits to Cash In On Now
Aug 1, 2018As we hit the half way mark on calendar year 2018, it is a good time to take stock and…
-
It’s Time To Break Up With Your Phone
Jul 18, 2018Do I have your attention? Let’s be honest here: do you have the attention span to read this article? Compared…
-
Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
-
Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
-
How to be a Good Leader
Dec 5, 2017I know what you’re thinking…another article about how to be a good leader? The short answer is yes…but this time,…
-
Fintech and Due Diligence – Disruptors and Established Firms Evolve
Oct 30, 2017The fintech sector has gone through a number of manifestations in the past two decades.
-
A Commercial Banker’s Tickler Transition Plan
Oct 18, 2017Just do a keyword search for “bank tickler,” and you’ll quickly realize that banks are still heavily reliant on manual…
-
Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
-
Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
-
Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
-
The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
-
Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
-
Back Office Support Services: Helping you approve more clients
Feb 7, 2017How many times have you come across a potential client who’s financials are either not up to date, not accurate,…
-
“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
-
Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
.jpg?sfvrsn=f1093d2a_0 "#3 -_ 1 (1)")
January 31, 2024
Source: Second Avenue Capital Partners (SACP)
BOSTON, Massachusetts – February 1, 2024 – Schottenstein affiliate Second Avenue Capital Partners (SACP), a leading provider of asset-based loans and credit facilities, announced today it has closed on a new $15 million senior secured credit facility for Brixton, an omnichannel global lifestyle brand headquartered in Oceanside, California. The credit facility will be instrumental in optimizing Brixton’s working capital and fueling its continued growth in the competitive fashion industry.
Founded in 2004 by three Southern California friends, Brixton began as a hat manufacturer. One of their first products, the Hooligan, a vintage-inspired newsboy cap, made a mark on the industry, putting the brand on a trajectory beyond headwear and into apparel and accessories. Brixton’s products feature classic silhouettes reinterpreted to meet the needs of modern living. With high-profile collaborations and brand partnerships in the music and entertainment industries, Brixton leverages the diversity of cultures for inspiration. Acquired by Altamont Capital Partners in 2014, Brixton has continued its evolution with a focus on the American lifestyle.
“When we invested in Brixton, we saw a brand that resonated authenticity to a targeted audience of customers, and we’ve supported the company through its continued growth,” said Pete Meyerdirk, Managing Director of Altamont Capital Partners. “This new financing relationship with Second Avenue Capital Partners will enable us to build on the success of Brixton and strengthen their global brand presence. We believe that SACP’s expertise and financial support will be instrumental in unlocking the brand’s full potential.”
Second Avenue Capital Partners has a proven track record of providing tailored financial solutions to companies in the wholesale, retail, and consumer goods sectors, focusing on fostering sustainable growth and success. With the credit facility provided to Brixton, SACP continues to grow its extensive financing portfolio of fashion and lifestyle brands.
“We are thrilled to work with Altamont in support of Brixton, a brand that exemplifies creativity, authenticity, and innovation in the apparel industry,” said Mike Sullivan, Managing Director of SACP. “Our $15 million senior secured credit facility is designed to empower Brixton with the financial resources necessary to enhance operational capabilities, capitalize on market opportunities, and propel Brixton to new heights. Altamont’s investment in Brixton has demonstrated a passion for the brand, and we look forward to joining them in their collaboration with this exceptional business.”
______________________________
About Second Avenue Capital Partners – Second Avenue Capital Partners, LLC (SACP), a Schottenstein Affiliate, specializes in asset-based loans for the broader retail and consumer products industry. Serving middle-market companies, SACP leverages the experience of retail operators, product merchants, and lenders to deliver customized capital solutions. A unique merchant perspective allows SACP to recognize and unlock value in assets other capital providers often overlook or do not understand. The firm’s tailored financial solutions are a vital resource for clients seeking capital to effectuate strategy and achieve financial objectives. Learn more at sacp.com
About Brixton – The story of Brixton began with a hat. Started out of a garage in Oceanside, CA by a group of friends who drew inspiration from the music and culture that surrounded them, Brixton became a way to bring people together through music, culture, and the spirit of adventure. The brand’s approach centers around classic silhouettes reinterpreted to meet the needs of modern living. Their products derive inspiration from workwear through several generations - from mariners and aviators to cowboys and laborers and beyond. Simply put, Brixton’s apparel and headwear are inspired by the past and built to live in the present.
Media Contacts
Michael D. Sullivan 781-288-8604, or msullivan@sacp.com
Chris O’Connor 781-288-8602, or coconnor@sacp.com
