Dennis Basso, a fashion label with retail stores located in New York City (Madison Avenue), Aspen (Little Nell Hotel), Chicago (North Michigan Avenue.), London (Harrod’s) and Moscow (TSUM), has received an undisclosed minority equity investment.
The capital infusion will be used to fund the company’s recent and future growth initiatives.
In 2009, Dennis Basso experienced substantial growth, opening new retail locations in London (Harrod’s) and Moscow (TSUM). In addition, the company increased its wholesale distribution by opening new accounts in key international fashion markets.
As stated by Dennis Basso, “This capital infusion will allow us to continue to pursue our ambitious growth initiatives in 2010.
“We are thrilled to have opened two new retail locations in 2009 along with various wholesale accounts, all in essential, high-fashion markets.
“These initiatives will have a significant impact on the continued development of the Dennis Basso label worldwide. The company would not have experienced this growth without the incredible dedication from Bruderman Brothers”.
New York-based broker-dealer Bruderman Brothers, Inc., which acted as exclusive advisor, has structured and arranged the transaction.
The minority equity investment was the second transaction that the firm arranged for Dennis Basso in 2009. Earlier in the year, Bruderman Brothers structured and arranged a revolving credit facility and term loan for the company.
The minority equity investment was the second transaction that the firm arranged for Dennis Basso in 2009. Earlier in the year, Bruderman Brothers structured and arranged a revolving credit facility and term loan for the company.
FinSMEs
21/01/2010