UCC Capital secures financing for apparel brand Mudd
04 Apr '06
3 min read
Conrad Lung, President of Mudd commented on the sale of the brand, "We were delighted to work with the teams at UCC and Iconix to leverage the value of our brand through this structure. Bob D'Loren is a dominant player in this market segment and has the vision and experience to truly understand this intangible.
UCC Capital is engaged in the direct origination and funding of highly structured loans backed by intellectual property or contractually obligated income streams. UCC also acts as a principal equity investor in companies with core assets in intellectual property in industries such as apparel, footwear and franchising.
Mudd was founded in 1996 and today markets products under the Mudd name in girls and juniors products sold primarily in moderate department and specialty stores. The Mudd line has grown to include 18 domestic and international licenses ranging from shoes to apparel, which carry the Mudd name and create products in the Mudd image.
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