Rosenthal Capital Group (RCG), a private commercial finance firm in the United States, completed two separate factoring deals for a women’s intimate apparel manufacturer and a footwear business, totaling $13 million.
A family-owned manufacturer in the wholesale intimates space acquired the licensing rights for an iconic lingerie brand as well as certain operating assets, including inventory. RCG provided a $10 million factoring facility to the manufacturer, including advances against both A/R and inventory, to support the company’s ongoing working capital needs post-acquisition to ensure the brand’s continued long-term growth.
“This transaction is a prime example of how RCG strategically partners with clients to support working capital needs related to complex and fast-moving transactions,” Derek Sigler, executive vice president and portfolio manager at RCG, said. “This acquisition involved an incredibly quick turnaround to meet the seller’s deadline, and our independence allowed us to act swiftly, think creatively and deliver the most impactful financial solutions to help meet the specific needs of our client.”
A start-up footwear and accessories company specializing in manufacturing injection-molded products was seeking financing to support its growing business. The Miami-based company sells goods directly to retailers under their own label as well as producing goods for other domestic brands. The owners had a prior relationship with RCG to support other initiatives and approached RCG to finance this particular venture. RCG closed a $3 million factoring facility to support the company and its evolving business needs.
“Clients like this one often seek out our firm because we truly understand their industry, their business and their unique needs as they continue to grow their brands in an increasingly competitive market,” Sigler said.
