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Charlesbank & Webster acquire online retailer OneStopPlus
06
Feb '13
Charlesbank Capital Partners and Webster Capital announced that they have acquired OneStopPlus Group, a transaction first announced in December. OSP was a subsidiary of Redcats, owned by Paris-based luxury and sport & lifestyle group PPR. Charlesbank partnered with Webster Capital on the transaction, which was funded with both equity and debt. The OSP management team will also co-invest in the transaction.

New York City-based OSP is a catalog retailer and online marketplace for plus-size consumers. The company includes four women's apparel lines, Woman Within, Roaman's, Jessica London and fullbeauty, as well as men's line King Size; home goods brand BrylaneHome, the OneStopPlus.com online fashion mall and a clearance apparel website. Known for its focus on the plus-size customer and the breadth of its merchandise offering, OSP carries more than 10,000 products and 70 sizes.

Andrew Janower, Charlesbank Managing Director, said, "We are delighted to have closed this transaction and look forward to working with OSP's management team to continue building the leading direct-to-consumer platform for the plus-size customer. We are excited by the opportunity to expand OSP's business through both organic growth and strategic acquisitions."

"Webster believes that OSP has a strong management team and a compelling position in the marketplace," said Don Steiner, Managing Partner of Webster Capital. "We are enthusiastic about our continued partnership with Charlesbank and confident that we can help provide resources and expertise to grow OSP."

Sylvain Desjonquères, Chief Executive Officer of the OSP Group, said, "We are very pleased to have found partners who share our vision of the growth opportunities available to the OSP Group. We look forward to doing even more to provide the plus-size customer with the best product, fit, selection, shopping experience and customer service in the market."

Consensus Advisors acted as financial advisor and Goodwin Procter acted as legal advisor to Charlesbank and Webster in the transaction. For PPR, Peter J. Solomon Company acted as financial advisor and Wachtell, Lipton, Rosen & Katz acted as legal advisor. 

Charlesbank Capital Partners


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