Brentwood Associates closed a dividend recapitalization financed through an expansion of the existing credit facility for Soft Surroundings. Soft Surroundings has increased its debt capacity to accelerate its national retail store rollout.
The financing for the Soft Surroundings recapitalization was provided by CIT Bank, Zions First National Bank, KeyBank, Bank of America Merrill Lynch and Banc of California.
St. Louis-based Soft Surroundings is a multi-channel lifestyle brand, marketing through its print, digital and social media channels as well as a national footprint of 28 stores. The company offers soft, unique and easy-to-wear clothing, well-priced luxury bedding and state-of-the-art beauty and fragrance products.
Roger Goddu, chairman of the Soft Surroundings board and a partner at Brentwood Associates, commented, “We are thrilled with Soft Surroundings’ outstanding operating results. The company’s continued success in retail as measured by both unit and same-store sales growth is a direct result of the hard work and dedication of the Soft Surroundings management team. We could not be more enthusiastic about the company’s prospects.”
its customer through its print, digital and social media channels as well as a national footprint of 28 stores.
Brentwood Associates is a consumer-focused private equity investment firm with over $1.4 billion of capital under management and a 30-year history of investing in leading middle-market growth companies.