Gordon Brothers partnered with the investment banking firm Consensus to provide a $13 million term loan to Moda Operandi to support the sale of its business.
“The Gordon Brothers team was remarkable to work with,” Stephanie Roberts, interim CFO at Moda Operandi, said. “This was one of the best executed financings I’ve been through, as they kept the process simple, straightforward and executed exactly what they said they would from the beginning.”
Moda Operandi, a website for luxury fashion, used the financing to run a fulsome sale process and achieve a positive outcome for all stakeholders.
“Led by an innovative team, Moda Operandi has consistently established itself as a leading platform for fashion discovery,” Kyle C. Shonak, managing director at Gordon Brothers, said. “In partnership with Consensus, we achieved the best outcome for the online fashion retailer.”
“The Gordon Brothers team played a significant role in helping reach a positive outcome for Moda Operandi,” Michael O’Hara, managing member at Consensus, said. “Their domain expertise, hard work and flexibility yielded the liquidity we needed to run a full marketing process, and we sincerely thank them for their partnership on this project.”
