PALO ALTO, Calif.--(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.
Avidbank
Steve Leen, 650-843-2204
Chief Financial Officer
www.avidbank.com
Source: Avidbank Corporate Finance