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MidCap Financial Provides Senior Secured Credit Facility to Beach House Group

August 25, 2022, 07:40 AM
Filed Under: Consumer Products
Related: MidCap Financial

MidCap Financial provided a senior secured credit facility, comprising an asset-based revolving line of credit to Beach House Group. Proceeds from the MidCap credit facility will be used to refinance the Company’s prior credit facility and to provide for the business’ ongoing working capital needs. Cafferty & Company served as independent advisor to the borrower on the transaction.

Beach House Group, a disruptive force of innovation in the beauty and lifestyle space, is a global consumer product house focused on building category changing brands that meet the needs of today's consumers. The Company, co-founded by PJ Brice and Shaun Neff, explores white space in the marketplace and conceptualizes brands that specifically fill those gaps. Beach House Group is the force behind celebrity-infused, breakthrough brands including BÉIS with Shay Mitchell, MOON with Kendall Jenner and Odell Beckham, Jr., Pattern by Tracee Ellis Ross, and Marlowe.

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