Avidbank Corporate Finance provides Credit Facilities to Japonesque LLC
14 April 2015 - 4:40PM
Business Wire
Avidbank Corporate Finance, a Division of Avidbank that
specializes in technology and asset-based funding, has provided
financing to support the acquisition of Japonesque LLC located in
San Ramon, California by Private Equity firm, San Francisco Equity
Partners. The facilities include a revolving line of credit and an
acquisition term loan.
“We are delighted to participate in the financing of San
Francisco Equity Partner’s acquisition of Japonesque. For several
years now, Avidbank has enjoyed a successful relationship with San
Francisco Equity Partners and we are happy to welcome Japonesque as
a portfolio company,” said Larry LaCroix, Executive Vice President
of Avidbank Corporate Finance Division.
“Japonesque has experienced tremendous growth over recent years
and has become a recognized leader in the beauty industry,” said
Scott Potter, Managing Partner at San Francisco Equity Partners.
“We look forward to partnering with management to support them in
capturing the growth opportunities in front of the company, and to
further building our relationship with Avidbank.”
About Avidbank
Avidbank Holdings, Inc. (OTCBB: AVBH), headquartered in Palo
Alto, California, offers innovative financial solutions and
services. We specialize in the following markets: commercial &
industrial, corporate finance, technology lending, asset-based
lending, real estate construction and commercial real estate
lending, and real estate bridge financing. Avidbank advances the
success of our clients by providing them with financial
opportunities and serving them as we wish to be served – with
mutual effort, ingenuity and trust – creating long-term banking
relationships.
About Japonesque
Japonesque (www.japonesque.com) is a company with a deep
heritage of creating cutting edge beauty products inspired by the
professional makeup tools used in Kabuki theatre in Japan.
Japonesque’s product line includes makeup brushes, eyelash curlers,
tweezers, makeup cases and other beauty accessories. The company
has recently launched into color cosmetics with great receptivity
from retail partners, consumers and professional makeup artists.
The collection combines high-impact fashion color with pro
performance, flawlessly refined complexion formulations. The
unprecedented color and long wear textures are housed in
one-of-a-kind luxurious packaging. Japonesque products can be found
at leading retailers in the prestige beauty, drug, and mass
channels.
About San Francisco Equity Partners
San Francisco Equity Partners (www.sfequitypartners.com) is a
private equity firm exclusively focused on consumer growth
companies. SFEP partners with consumer brands that have reached an
inflection point in their development, where they can benefit not
only from growth capital, but also from SFEP’s operational,
financial, and industry experience.
AvidbankSteve Leen, 650-843-2204Chief Financial
Officerwww.avidbank.com
Avidbank (PK) (USOTC:AVBH)
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