Daily News: February 21, 2012

Salus Capital Partners Closes $12.5MM Facility for Miss Matched

Salus Capital Partners provided a $12.5 million senior secured working capital facility to Miss Matched, Inc. (d/b/a LittleMissMatched), the tween lifestyle company with the simple mission of encouraging individual style. The financing will be used by LittleMissMatched to refinance its existing credit facility and provide working capital for general corporate purposes.

“We are very pleased to have closed our credit facility with Salus. They are great partners who understand our business and capital requirements. Together, we worked quickly and diligently to secure the funding LittleMissMatched needed to grow our business. We look forward to continuing our partnership with Salus as we expand our operations in the years to come,” said Lisa Kaplowitz, chief financial officer of Miss Matched, Inc.

“This transaction is a testimonial to our core lending philosophy as the multi-channel strategy of the LittleMissMatched concept is an ideal fit with our entrepreneurial approach to providing broad, relevant and timely capital solutions,” said Marc S. Price, SVP, Loan Originations and Corporate Strategy of Salus Capital. “As a subsidiary of Harbinger Group, Inc. and with our deep experience with branded consumer products, together we collaborated and created a customized solution that benefited all. We appreciate and value the opportunity to work with the management team of LittleMissMatched and its investors for many years to come.”

Miss Matched, Inc. was founded in 2003 and currently operates 13 LittleMissMatched locations, including stores at Disneyland, Disney World and on Fifth Avenue in New York City.