Second Avenue Capital Partners (SACP), a provider of asset-based loans and structured financing solutions, provided a $20 million senior secured credit facility to RUDSAK, a Canadian lifestyle brand. In addition to the credit facility from SACP, Investissement Québec provided RUDSAK with complementary subordinated financing.
The new financing enhances liquidity and gives RUDSAK greater flexibility to invest in its future, including the continued expansion of its e-commerce and wholesale channels.
“RUDSAK has demonstrated strong brand equity and consistent customer demand in a competitive retail environment,” Andrew Prunier, founding member and head of the portfolio team at SACP, said. “This credit facility is structured to provide the liquidity and flexibility needed to support growth and operational execution, while allowing the company to stay true to the brand identity that drives consumer loyalty. We believe this financing positions RUDSAK for stable, sustainable long-term performance.”
Evik Asatoorian, CEO of RUDSAK, said, “The team at SACP understands how the integration of fashion and function is fundamental to both our brand DNA and our growth strategy. It is refreshing to work with a financing partner that recognizes and supports what differentiates RUDSAK in the market. SACP’s financing solution provides a durable foundation for our growth trajectory, allowing us to keep innovating while staying true to who we are.”
EY Parthenon Corporate Finance served as the exclusive financial advisor, and KRB Lawyers served as legal counsel to RUDSAK. Miller Thomson acted as legal counsel for SACP.
