Schottenstein affiliate Second Avenue Capital Partners closed a new $15 million senior secured credit facility for Brixton, an omnichannel global lifestyle brand headquartered in Oceanside, CA.
The credit facility will assist in optimizing Brixton’s working capital and fueling its continued growth in the fashion industry. Acquired by Altamont Capital Partners in 2014, Brixton has continued its evolution with a focus on the American lifestyle.
“When we invested in Brixton, we saw a brand that resonated authenticity to a targeted audience of customers, and we’ve supported the company through its continued growth,” Pete Meyerdirk, managing director of Altamont Capital Partners, said. “This new financing relationship with Second Avenue Capital Partners will enable us to build on the success of Brixton and strengthen their global brand presence. We believe that SACP’s expertise and financial support will be instrumental in unlocking the brand’s full potential.”
“We are thrilled to work with Altamont in support of Brixton, a brand that exemplifies creativity, authenticity and innovation in the apparel industry,” Mike Sullivan, managing director of Second Avenue Capital Partners, said. “Our $15 million senior secured credit facility is designed to empower Brixton with the financial resources necessary to enhance operational capabilities, capitalize on market opportunities and propel Brixton to new heights. Altamont’s investment in Brixton has demonstrated a passion for the brand, and we look forward to joining them in their collaboration with this exceptional business.”
