FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


Salus Capital Provides $17.5MM in Growth Capital to Calypso St. Barth

April 24, 2014, 07:32 AM
Filed Under: Retail

Salus Capital Partners, LLC, specialists in financing growing consumer brands, announced it has provided a $17.5 million senior secured credit facility to Calypso St. Barth, Inc. The financing will be used to refinance its current lender, general corporate purposes and continued store growth.

Founded in 1992 and acquired by Solera Capital LLC in 2007, Calypso is a luxury lifestyle brand with a passionate international following. The company is a manufacturer and retailer of luxury women’s apparel, accessories and home products, with 48 stores located in key metropolitan and resort markets throughout the United States and on the island of St. Barth.

“The Salus team has demonstrated a deep understanding of our business,” remarked David Stiffman, president and chief financial officer of Calypso St. Barth. “The new facility with Salus provides us the ability to capitalize on our business momentum and execute our growth strategies.”

“By leveraging Salus Capital’s experience in the consumer sector, specifically women’s apparel, our team was able to develop a credit facility that best meets Calypso’s needs,” said Marc S. Price, executive vice president, Loan Originations and Corporate Strategy at Salus Capital. “We look forward to supporting the continued growth of the Calypso brand.”

Salus Capital is a direct originator of secured asset-based loans to the middle market across a variety of industries with additional complementary financing throughout the capital structure. Target transaction sizes range from $5 million to $50 million, with the ability to hold up to $100 million and to syndicate larger transactions. The Salus Capital platform may also serve as an asset manager for like-minded institutional investors such as community and regional banks, insurance companies, family offices, private equity funds and hedge funds who may lack the infrastructure and dedicated competency within senior secured lending.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.