Daily News: April 15, 2015

Avidbank Facilities Support San Francisco Equity Buy

Avidbank Corporate Finance, a division of Avidbank that specializes in technology and asset-based funding, provided financing to support the acquisition of Japonesque by San Francisco Equity Partners. The facilities include a revolver and an acquisition term loan.

“We are delighted to participate in the financing of San Francisco Equity Partner’s acquisition of Japonesque. For several years now, Avidbank has enjoyed a successful relationship with San Francisco Equity Partners and we are happy to welcome Japonesque as a portfolio company,” said Larry LaCroix, EVP of Avidbank Corporate Finance Division.

“Japonesque has experienced tremendous growth over recent years and has become a recognized leader in the beauty industry,” said Scott Potter, managing partner at San Francisco Equity Partners. “We look forward to partnering with management to support them in capturing the growth opportunities in front of the company, and to further building our relationship with Avidbank.”

Japonesque is a company with a deep heritage of creating cutting edge beauty products inspired by the professional makeup tools used in Kabuki theatre in Japan.