Daily News: November 6, 2013

Salus Capital Closes $50MM Facility for Hampshire Group

Salus Capital Partners announced it provided a $50 million senior secured credit facility to Hampshire Group. The financing will be used for general corporate purposes.

“Salus Capital Partners brings significant experience in the apparel industry which will provide Hampshire Group the flexibility we need to navigate the current environment,” said Paul M. Buxbaum, chairman and CEO of Hampshire Group.

“Hampshire has an experienced management team and is in a strong competitive position with well-known licensed brands and a strong portfolio of labels that it offers to major retailers, department stores and national chain stores,” said Andrew H. Moser, president of Salus Capital. “These strengths, combined with both our knowledge of Hampshire’s industry and our historical working relationship with Hampshire’s sponsors, places this deal squarely in Salus Capital’s sweet spot and we look forward to a successful, long-term relationship.”

Hampshire Group, along with its wholly owned subsidiaries, Hampshire Brands and Rio Garment S.A., is a provider of fashion apparel across a broad range of product categories, distribution channels and price points.