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Second Avenue Capital Partners Provides $12.2MM Financing for Apparel Firm Carlisle Etcetera

September 24, 2019, 08:39 AM
Filed Under: Consumer Products

Second Avenue Capital Partners announced it has provided a $12,500,000 senior secured credit facility to Carlisle Etcetera, LLC, a direct-to-consumer women’s luxury apparel brand.

Founded in 1981, Carlisle Etcetera markets such well-known labels as the Carlisle Collection, Carlisle New York, Per Se by Carlisle, Etcetera, ETC, and E3. The Company sells apparel through a nationwide network of professional stylists who work with clients to create the perfect look for every season.  The Company is owned by Hong Kong-based Royal Spirit Group, a leading premium apparel supplier that serves luxury and lifestyle apparel brands around the world.

“In Second Avenue Capital we found a lender who took the time to get to know us and really understands the needs of our business,” said David Rosenberg, CEO of Carlisle Etcetera, LLC. “Our stylist driven selling model is an important differentiator for our business. We needed a lender that could understand this model and lend aggressively on the inventory in this channel as well as our brick and mortar locations.”

Chris O’Connor, President of SACP, said he and his team “recognized the unique characteristics” of the Carlisle Etcetera business model. “We knew how to unlock the value Carlisle Etcetera needed from a lender,” said Mr. O’Connor. “We put together a package that provides flexibility and supports the business’ continued success.”

For over 35 years, Carlisle Etcetera has been dressing discerning women through the Company's network of stylists around the country. The exclusive collections use European fabrics and artisanal design to create a sense of modern sophistication, timeless elegance and feminine appeal. Carlisle Etcetera’s professionally trained stylists guide fashion choices and work closely with clients to create the perfect look using the Company’s curated collections.

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