Tiger Capital Group, Tiger Finance, SB360 Capital Group and Second Avenue Capital Partners provided a $25 million asset-based revolving credit facility to francesca’s in the company’s recent asset sale. The bankruptcy estates will be wound down through a liquidating plan.

Francesca’s Holdings Corporation and Francesca’s Acquisition, an affiliate of TerraMar Capital, also completed the sale of substantially all of francesca’s assets to Tiger Capital Group and SB360 Capital Group.

francesca’s will continue to serve its customers through at least 275 boutiques, its e-commerce channels and the company’s existing Houston headquarters.

“Today marks a new day for francesca’s. We are excited to complete the sale of francesca’s’ assets to our new ownership group, who are committed to our business, our people and our brand. With the support of TerraMar, Tiger and SB360, we look forward to exploring new brand avenues, expanding our e-commerce channels, and providing our customers with the latest fashion options and treasure hunt experiences they know and love,” Andrew Clarke, CEO of francesca’s, said.

“The closing of this transaction begins a new era for francesca’s. The company is well positioned to continue to provide great products for its customers but also expand new channels for growth.” Joshua Phillips, managing partner of TerraMar, said.

“We are excited to be partnering with TerraMar and Mr. Clarke’s leadership team to invest in the future growth of francesca’s. We see tremendous opportunity to take what is already a high-quality quality brand and, by bringing the necessary financial resources, create an even more sustainable business,” Andy Babcock, managing director of Tiger Capital Group, said.

francesca’s was represented in the sale by O’Melveny & Myers and Richards Layton & Finger as bankruptcy counsel and FTI Consulting and FTI Capital Advisors as financial advisor and investment banker, respectively. TerraMar Capital and Francesca’s Acquisition were represented by McDonald Hopkins and Young Conaway Stargatt & Taylor as counsel. Tiger was represented by Greenberg Traurig.

francesca’s is a specialty retailer that operates a nationwide-chain of boutiques.