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Stonegate Capital Announces Debt Investment in Mizzen+Main

November 08, 2017, 08:00 AM
Filed Under: Apparel

Stonegate Capital announced it has made a senior debt investment into the performance menswear company, Mizzen+Main. 

Founded in 2012 by CEO, Kevin Lavelle, and backed by the consumer-focused private equity firm, L Catterton, the American-made brand has brought innovation to traditional menswear by utilizing moisture-wicking, wrinkle-resistant, four-way stretch fabric that requires no ironing or dry cleaning. Providing customers with a comfortable and natural fit has earned the company an extremely loyal following ranging from the everyday male consumer to hundreds of professional athletes, with Houston’s JJ Watt as the face of the brand and partner in the company. The company’s signature product is known as the most comfortable dress shirt in the world.

“Mizzen+Main has successfully combined classic menswear with functional performance-oriented fabrics, and we could not be more excited to work with Kevin and his team as they build the company into the next iconic American-made brand” said Andrea Hedrick, Head of Originations at Stonegate.  Stonegate Capital worked closely with both management and the private equity sponsor to put in place a debt facility to support Mizzen+Main’s product and footprint expansion. “We could not be happier with our partnership with Stonegate, which will help support Mizzen+Main’s continued growth in line with our omni-channel strategy,” added Rachel Boynton, Chief Financial Officer of Mizzen+Main.

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