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Great American Capital Partners Provides $20MM Senior Facility to Eleven James

January 12, 2017, 07:45 AM
Filed Under: Retail

Great American Capital Partners, LLC, a wholly owned subsidiary of B. Riley Financial Inc. (RILY),  has entered into an agreement with Eleven James, Inc., -- a provider of luxury timepieces --  to provide a $20 million senior secured term loan to be used for general corporate purposes to support the company's continued growth. Eleven James is revolutionizing the luxury goods market with its pioneering "Discover, Experience and Share" platform that optimizes access, variety and value in luxury consumption.

John Ahn, President of GACP commented: "We are excited to partner with Eleven James and to play an important role in their continued growth and success." 

Said Randy Brandoff, Founder and CEO of Eleven James, "The successful capital raise validates Eleven James' business model, affirms its commitment to top-notch management, internal systems and controls, and firmly establishes our position as a leader in democratizing access to luxury goods and experiences. We appreciate the time and effort GACP committed to partnering with us and supporting our business."

Olivier Reza, Chairman of Eleven James added: "Now that we have secured the requisite financial resources, Eleven James is empowered to realize its vision of becoming the ultimate destination for a new, modern era in luxury experience."

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