Rosenthal & Rosenthal has completed 11 transactions totaling $35 million during the summer months of 2022. The various financing facilities will help to address working capital needs, mitigate risk and support growth opportunities for clients across multiple sectors.
The transactions included six factoring deals, one asset-based lending deal, one purchase order financing deal and three deals for Rosenthal’s newest division, Pipeline, which serves e-commerce and direct-to-consumer businesses.
“It’s certainly been a productive summer for Rosenthal and we’re pleased that we were able to close a remarkably high volume of complex deals in such a short period of time,” Paul Schuldiner, chief lending officer of Rosenthal, said. “These transactions spanned multiple sectors — from apparel and beauty to chemicals and tech — and every one of Rosenthal’s financial products is represented in these deals. That is a true testament to Rosenthal’s versatility and flexibility.”
The six factoring deals included:
- A $300,000 facility for a men’s apparel company
- A $2 million collection factoring facility for an apparel company
- A $2.5 million facility for a streetwear apparel company
- A $20 million facility for an apparel company
- Two individual $1.2 million facilities for two separate beauty and cosmetics companies
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In addition, Rosenthal closed a $1.5MM ABL facility for a Pennsylvania-based chemical manufacturer and a $1.75MM purchase order financing facility for a high-security government and commercial printing and technology company.
Rosenthal’s newest division, Pipeline, has closed three separate transactions totaling $5.5 million this summer alone, providing capital to a cadre of direct-to-consumer and e-commerce companies, including an e-commerce apparel company, a women’s footwear company and a men’s personal care business.
“Rosenthal already has a successful track record working with growing companies to help them address omnichannel and supply chain challenges and take advantage of growth opportunities, and Pipeline is a perfect extension of that,” Andrew Barone, senior vice president and director of sales for the Pipeline platform, said. “These three individual Pipeline transactions really showcase our expertise in partnering with fast-growing direct-to-consumer brands to ensure they have the liquidity and incremental working capital they need to scale and grow their businesses.”
