First Eagle Alternative Credit, the $21 billion alternative credit platform of First Eagle Investments, agented a term loan to Rachel Zoe Creations, a global fashion and lifestyle brand, in partnership with Gordon Brothers. Terms of the transaction were not disclosed.
Rachel Zoe is a global fashion authority who rose to prominence as a celebrity wardrobe stylist in the mid-2000s. Zoe starred in the Bravo teality TV series “The Rachel Zoe Project” and launched her fashion lifestyle brand in 2011.
The lifestyle brand will use the new term loan to support ongoing working capital needs and fuel further growth. With this financing, Rachel Zoe Creations will continue developing and growing the company’s licensing portfolio through new and existing partnerships.
“We are excited to partner with the Rachel Zoe Creations management team and provide the business with capital to support their continued growth,” Larry Klaff, senior managing director and head of asset-based loans at First Eagle Alternative Credit, said.
“First Eagle Alternative Credit along with Gordon Brothers worked diligently to find a creative and flexible financing structure,” Matthew Walker, president of Rachel Zoe Creations, said. “We look forward to growing this relationship in the years to come.”
“Rachel Zoe has strong brand recognition, intellectual property and licensing relationships to support future growth, and we look forward to being a part of its continued success,” Tobias Nanda, head of brands at Gordon Brothers, said. “We are always eager to support vibrant consumer brands that transcend categories through our flexible, cross-border financing solutions.”
