Rosenthal & Rosenthal and Gordon Brothers partnered to complete a joint financing deal with Jonathan Adler, the global luxury designer housewares brand.

The two firms will provide a total of $16 million in working capital to Jonathan Adler to support the launch and execution of an exclusive e-commerce brand and product partnership with a major online retailer.

Rosenthal, the senior lender, is providing a $12 million asset-based loan against all Jonathan Adler assets, including accounts receivable and inventory. The junior lender, Gordon Brothers, is providing an additional $4 million loan against trademarks and other intellectual property. The financing gives Jonathan Adler more borrowing base availability and frees up additional capital for the brand’s continued e-commerce expansion and other business development initiatives.

“Teaming up with Gordon Brothers allowed us to come to the table with a truly robust and resourceful financing deal that gives Jonathan Adler the working capital, stability and flexibility it needs to venture down this thrilling new path,” said Robert Miller, executive vice president and head of Asset Based Lending. “Rosenthal’s expertise in the retail space and our creativity for tailoring financing alternatives to address the specific needs of our clients were the perfect combination for this deal.”

“We see tremendous value in this iconic brand with significant growth potential through this new partnership,” said Ramez Toubassy, president of Gordon Brothers’ brands practice. “We’re excited to be part of building the future of Jonathan Adler as the brand gains access to new channels and new customers as a result of this financing.”