Capital Solutions to Help Companies Grow and Prosper
Our model for asset based lending follows a passion for helping companies overcome challenges. We take a client-centric, non-traditional approach to lending.
Second Avenue Capital Partners is a Schottenstein affiliate, one of the most respected names in retail and consumer businesses. Our affiliation gives us an intimate understanding of the many challenges businesses face. We leverage the experience of retail operators and product merchants to provide an array of customized capital solutions.
Many companies have turned to Second Avenue Capital Partners as a vital resource for the capital necessary to recover, effectuate strategy, and achieve financial objectives. Our tailored financing solutions provide greater flexibility and liquidity than other capital providers.
SACP recognized in ABF Journal’s inaugural 2022 Deals of the Year issue for $67.5 Million term loan to The Jessica Simpson Collection
The following is an excerpt from the ABF Journal Q4 2022 Deals of the Year issue, Vol 20, No 4
Second Avenue Capital Partners makes a habit of working with strong brands in the consumer retail space, including UNTUCKit and Sur La Table. So, when The Jessica Simpson Collection, the $1 billion lifestyle brand inspired by and designed in collaboration with Jessica Simpson, was in need of financing after Simpson and her mother and business partner, Tina Simpson, reacquired the entirety of the brand from Sequential Brands, SACP was an ideal lender.
“[The deal] complemented a lot of what’s already in our portfolio and it helps us continue to build that out,” Michael Sullivan, managing director of SACP, says. “I think the strength of this brand is really attractive; it’s something that’s on a great growth trajectory.”
In May, SACP, which is the lending arm of Schottenstein affiliate SB360 Capital Partners, closed a $67.5 million term loan for The Jessica Simpson Collection. The facility was structured as an intellectually property-driven term loan, with SACP configuring the deal around the company’s needs rather than driving for a specific predetermined outcome.
Need Expert Advice?
75 Second Avenue, Suite 550
Needham, Massachusetts 02494