Home / Knowledge / News / Apparel/Garments / LBC provides $10 mn Loan B for recapitalization of NYDJ
LBC provides $10 mn Loan B for recapitalization of NYDJ
06
Aug '11
LBC Credit Partners, a leading provider of financing solutions to middle market companies, announced they were the sole investor in the term loan B of an $80 million senior credit facility for the recapitalization of NYDJ Apparel, LLC, a global manufacturer and marketer of upscale jeans and portfolio company of Falconhead Capital.

LBC's facility, along with the revolver and term loan A, rebalances NYDJ's capital structure, delivers them enhanced flexibility, and provides a distribution to the company's shareholders. "LBC was a vital partner in ensuring this transaction closed on time," said Zuher Ladak, General Partner with Falconhead. "They responded quickly and worked aggressively to meet our expedited closing schedule."

"We are pleased to support Falconhead and develop this important relationship with NYDJ," added Homyar M. Choksi, Managing Director with LBC. "This is the type of long-term investment that defines our business."

LBC Credit Partners is a leading provider of middle market financing solutions including senior term, unitranche, second lien, junior secured, and mezzanine debt; as well as equity co-investments. LBC typically invests $10 million to $50 million per transaction in support of acquisitions, growth strategies, refinancings, recapitalizations, and restructurings in a wide range of industries located throughout North America. LBC has more than $1.4 billion of capital under management with offices in Philadelphia, Chicago and New York.

NYDJ Apparel, LLC is a global apparel designer, manufacturer and marketer of upscale jeans and pants created specifically to fit the fashion-conscious woman typically age 35 and above. The company's products are sold at leading department store retailers including Nordstrom, Bloomingdale's, Macy's, Dillard's, Lord & Taylor, among others. The company also sells to over 1,000 specialty stores nationally and internationally in 19 countries including Canada, Ireland, United Kingdom, and Netherlands.

Falconhead Capital, LLC, with $500 million of assets under management, is a private equity firm established in 1998 to provide investors with significant long-term capital appreciation by investing globally in consumer-focused businesses in the sport, leisure, lifestyle, and media categories. In addition to NYDJ, Falconhead Capital's current portfolio investments include Competitor Group, Inc., Extreme Fitness, Inc., Our365 (f/k/a Growing Family), Escort, Inc., and Premier, Inc.

LBC Credit Partners


Must ReadView All

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search