LO3 Capital, a private investment firm, provided a senior subordinated debt investment to support Inspired Beauty Brands (IBB) with growth capital.
Based in New York, IBB is a developer and marketer of personal care products.
“This is an exciting time for our company,” Sam Maniaci, CEO of IBB, said. “LO3 worked diligently to understand our vision for continued growth and innovation. Their investment will facilitate our growth while allowing us to maintain our commitment to delivering safe, healthy and high-quality products to consumers everywhere.”
“IBB provided LO3 with an opportunity to invest in an established brand with a superbly talented management team,” Glenn Harrison, managing partner at LO3, said. “We’re excited to invest in Sam Maniaci, CEO and Jeff’s Sieglen, president leadership as they take IBB to new heights.”
