Second Avenue Capital Partners provided a senior secured credit facility to Tommie Copper. The credit facility will be used to fund working capital and additional growth opportunities.
Founded in 2010 and supported by a strategic investment from Tengram Capital Partners in 2014, Tommie Copper is a copper-rich apparel and accessories brand, dedicated to enhancing and promoting wellness, performance and recovery. It offers a diversified range of products including knee, elbow and ankle sleeves, shoulder shirts, socks, gloves, underwear and back braces.
“Our goal was to find a partner that could appreciate our strategy, but also understand the industry and capital required to fund growth opportunities that will enable us to realize the full potential of our business. Second Avenue Capital Partners brought a lot to the table.” said Sol Jacobs, CEO of Tommie Copper.
Tengram Capital Partners is a private equity firm that focuses exclusively on consumer and retail companies.