Solstice Sunglasses, a sunglasses retailer in the United States, emerged from Chapter 11 bankruptcy with the support of a $6.5 million exit financing facility provided by Second Avenue Capital Partners. Solstice Sunglasses filed for bankruptcy relief in February.
VSS Capital Partners completed a growth investment in Centroid Systems, a provider of managed cloud services and enterprise workload consulting services. CIBC Innovation Banking provided senior debt financing to facilitate the transaction.
Second Avenue Capital Partners provided $6.5 million in debtor-in-possession financing to Solstice Sunglasses, a sunglasses retailer in the United States. The DIP facility will deliver supportive capital to Solstice as the retailer commences a restructuring.
KeyBank provided debt financing for Palladin Consumer Retail Partners’ investment in Leapfrog Brands and a revolving credit facility to support future growth.
BMO Capital Markets acted as financial advisor for BMO Financial Group during the completion of its acquisition of Clearpool Group. Meanwhile, Financial Technology Partners served as financial advisor for Clearpool.