Second Avenue Capital Partners (SACP), a Schottenstein affiliate, has closed a $20 million senior secured credit facility for Bouclair, a Canadian home décor and furnishings brand. This financing will enhance Bouclair’s liquidity, support continued growth and expand wholesale opportunities.
In addition to SACP’s credit facility, Investissement Québec has provided additional financing to bolster Bouclair’s expansion, particularly in its B2B division.
“As we scale our business, securing a financing partner that understands our vision is critical,” Peter Goldberg, president and CEO of Bouclair, said. “Second Avenue Capital Partners brings deep retail financing expertise and a commitment to our long-term success. This facility will strengthen our wholesale channel, expand our B2B platform, and introduce Bouclair’s stylish, affordable home furnishings to new markets. We also greatly appreciate Investissement Québec’s confidence in our business plan, which will have a meaningful impact on our internal growth initiatives.”
“As Bouclair continues expanding and strengthening its market position, we are thrilled to provide a financing solution that aligns with their growth objectives,” Andrew Prunier, managing director of SACP, said. “Their vision for the future is compelling, and we look forward to partnering with their team to navigate the evolving retail landscape and diversify revenue streams.”
Ernst & Young Orenda Corporate Finance served as exclusive financial advisor to Bouclair. Stikeman Elliott acted as legal counsel to Bouclair. Osler, Hoskin & Harcourt acted as legal counsel to SACP.
