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 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 30th Apr 2017

Government revamping tech mission on cotton

Indian Government is working to revamp the technology mission on...

Apparel/Garments | On 30th Apr 2017

Columbia Sportswear records Q1 net sales of $543.8 mn

Columbia Sportswear Company has announced record net sales of $543.8...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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:
April 2017

April 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



X