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Clearlight Partners invests in retailer Paul Fredrick
03
Jan '18
Private equity firm ClearLight Partners has announced its majority investment in Paul Fredrick, a leading designer and direct-to-consumer retailer of men’s apparel and related accessories. The terms of the transaction are not yet disclosed. Since inception, ClearLight has raised $900 million in capital across three funds from a single limited partner.

“Over the years, we have remained true to our original mission – to offer high quality men’s dress and casual shirts at a great value. The management team and I are excited to have ClearLight support the company as it enters its next phase of growth. Paul Fredrick will remain committed to providing great style at everyday prices, along with excellent service to our customers," said Paul F. Sacher, founder of Paul Fredrick.

“We are excited to partner with Paul Fredrick. Paul Sacher and the management team have built a great business that provides compelling style and value to consumers. We believe Paul Fredrick is well positioned for continued growth and success," said Josh Mack, a partner at ClearLight.

“We are impressed with Paul Fredrick’s high-quality products, the brand’s rich heritage, and the company’s loyal following of customers. We look forward to working with the management team to support the next phase of the company’s development," said Michael S. Kaye, managing partner at ClearLight.

Fibre2Fashion News Desk – India


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