Praesidian Capital agented a $32.5 million senior debt investment and a $2 million equity co-investment to support the acquisition of Palmetto Moon by Topspin Partners and Motivity Capital Partners.

Charleston, SC-based Palmetto Moon is a specialty retail chain with 11 stores across South Carolina, Georgia and North Carolina. The company sells a variety of brands within the “lifestyle retailing” market, which includes apparel.

Steve Lebowitz, managing partner at Topspin, said, “It is a pleasure partnering with the Praesidian team again. They provided a tailored financial solution which will allow us to execute the company’s growth plans and we appreciate their continued support.”

Martin Sobol, partner at Motivity, said, “Praesidian listened to our needs and delivered flexible capital, which will be instrumental in continuing to expand the Palmetto Moon geographic footprint.”