Second Avenue Capital Partners (SACP)

Schottenstein affiliate Second Avenue Capital Partners (SACP) announced it is serving as Administrative Agent on a $120,000,000 Senior Secured Revolving Line of Credit for The Aaron’s Company, Inc., an industry leader in lease-to-own and purchase solutions for furniture, consumer electronics, home appliances, and more. The new asset-based credit facility, provided by SACP along with Pathlight Capital, is a critical component of the broader financing package arranged to support the take-private acquisition of Aaron’s by IQVentures. “The Aaron’s acquisition was a highly structured transaction, with a dual focus on delivering value to the previous shareholders while positioning the Company to accelerate growth and innovation for the benefit of Aaron’s customers,” said Cory Miller, President of IQVentures. “To achieve this, we needed a financing partner who understood the nuances of the deal and had the capability and commitment to see it through. SACP proved to be exactly that partner, delivering on their promises and supporting our vision for the future of the Company.” Read the full press release here: https://lnkd.in/eVgRf_5M #Aarons #FinancingSolutions #UnlockValue #CreditFacility

Schottenstein affiliate Second Avenue Capital Partners (SACP) along with Ares Management, have provided a new senior secured revolving credit facility to Gabe’s, a leading off-price retailer operating in the mid-Atlantic and Southeast US. The new financing package will be used to support Gabe’s ongoing growth initiatives, enhance operational flexibility, and strengthen the company’s capital structure. “There are few lenders that have the deep retail knowledge and merchant perspective of SACP, and even fewer that can be genuine, productive partners for a business like ours,” said Jason Mazzola, President and CEO of Gabe’s. “Our long-term relationship with SACP and SB360, and our ability to work side-by-side with them are core to the structure of this transaction. We appreciate their ongoing support and look forward to the many opportunities it will provide us.” Read the full press release here: https://lnkd.in/e6iKGcVU #Gabes #FinancingSolutions #UnlockValue #CreditFacility

Schottenstein affiliates Second Avenue Capital Partners and SB360 Capital Partners, along with Ares Commercial Finance, have provided a new senior secured revolving credit facility and term loan to?Backcountry, a specialty retailer of outdoor gear and apparel. The new financing package refinanced a previous facility and supported the company’s acquisition by venture-backed firm CSC Generation Enterprise. “Second Avenue Capital Partners has been our go-to source of financing for several years,” said Justin?Yoshimura, CEO of CSC. “We are incredibly excited about the Backcountry deal and the opportunity to??shepherd the business into its next era of success. With their sector expertise, having SACP and SB360 as financing partners allows us to focus on executing our business plan, knowing they have our financing needs covered.” Read the full press release here: https://lnkd.in/evCRWmQ7 #Backcountry #FinancingSolutions #UnlockValue #CreditFacility #OutdoorGear

Second Avenue Capital Partners has provided a new senior secured revolving?credit facility to Dover Saddlery, a premier destination for equestrian products and apparel. Dover Saddlery has built a strong reputation for providing?high-quality equestrian products, exceptional customer service, and a deep commitment to the equestrian community. Founded in 1975 by US Equestrian Team members, Dover Saddlery operates a robust e-commerce platform and 37 retail locations in 23 states. “With this financing and support, we are well-positioned to execute our growth strategies, invest in our product offerings, and better serve our customers. We are grateful for SACP’s partnership and look forward to a?successful collaboration” said Dana Springfield, President of Dover Saddlery. Read the full press release here: https://lnkd.in/eYnreZPU #DoverSaddlery #FinancingSolutions #UnlockValue #CreditFacility #EquestrianBrand

SACP and SB360 Capital Partners would like to congratulate?Sara Kalra,?Christopher McDonough,?Michael Peress?and Shane Delamere for earning a spot in our competitive summer internship program.? ? Interns will work closely with our professionals on deals with major retail and wholesale brands, developing real world experience and gaining in-depth knowledge about inventory disposition, and financial service operations.? ? #internship #congratulations

Don't miss the Turnaround Management Association's Turnaround Square: Distressed Investing Mid-Year Update webinar tomorrow at 12PM ET featuring panelists including SACP Managing Director Michael Sullivan. Register below: https://lnkd.in/dXaHiymX

Mark your calendar for SACP’s Michael Sullivan's panel discussion at the Turnaround Management Association's Turnaround Square: Distressed Investing Mid-Year Update webinar. Tune in May 30 at 12PM ET for unique insights into Michael’s thoughts on the current state of the distressed investing industry in 2024. Register below:? https://lnkd.in/dXaHiymX

SACP continues to grow its extensive financing portfolio of fashion and lifestyle brands. We’re proud to offer the financial support that is instrumental in unlocking the full potential of brands like Brixton.? #Brixton?#LifestyleBrand?#FinancingSolutions?#UnlockValue

Second Avenue Capital Partners has provided a new senior secured credit facility to Brixton, an omnichannel global lifestyle brand. Brixton’s products feature classic silhouettes reinterpreted to meet the needs of modern living. Acquired by Altamont Capital Partners in 2014, Brixton has continued its evolution with a focus on the?American lifestyle. “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,” said Pete Meyerdirk, Managing Director of Altamont?Capital Partners. “We believe that SACP’s expertise and financial support will be instrumental in unlocking the brand’s full potential.” Read the full press release here: https://lnkd.in/eb8iu_J4 #Brixton #LifestyleBrand #FinancingSolutions #UnlockValue

ABF Journal’s second annual Deals of the Year issue highlights some of the most unique and interesting transactions of 2023.?SACP, the?lending arm of SB360 Capital Partners, is honored to be recognized for the credit facility provided to True Religion Apparel, Inc. The True Religion deal resonates with SACP’s mission to finance a broad array of companies in the retail and consumer products space. From liquidity-constrained to growth oriented companies, the SACP platform strives to serve as a partner to firms that are seeking to unlock additional value in their assets and operations. https://lnkd.in/eqJ77ZYC