Tag Archives: Miller Buckfire

KKR Provides Debt Financing to Support Galaxy Universal’s Acquisition of And1, Avia, Gaiam and SPRI

Galaxy Universal, a portfolio company of Gainline Capital Partners, agreed to acquire the And1, Avia, Gaiam and SPRI brands from Sequential Brands Group for approximately $330 million. KKR led the debt financing for the acquisition and will participate as a co-investor.

Sequential Brands Group Commences Chapter 11 Proceedings, Seeks $150MM in DIP Financing

Sequential Brands Group, together with its wholly-owned subsidiaries, commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware. In connection with this process, Sequential will be obtaining $150 million in debtor-in-possession financing from its existing lenders.