In This Issue
Rampage Sold (Page 2)
Deal is culmination of
Buxbaum-led turnaround
Closeout Unit Created (Page 2)
Operation is extension of
services to lending community
Asset Recovery (Page 3)
Project Case Studies
New Finance Unit (Page 4)
Demand sparks need
STRATEGY ONE
Published by Buxbaum Group
26610 Agoura Road
Suite 120
Calabasas, CA 91302
(800) 990-6820
www.buxbaumgroup.com |
Gramicci now back at peak of game
 A multi-faceted effort involving financing
and operational restructuring by Buxbaum Group has helped bring
Gramicci, the leading-edge brand in better outdoor and casual
apparel, back to the peak of its game.
The firm’s efforts
on behalf of the Westlake Village, Calif.-based company began
with a multi-million-dollar line of credit and was later followed
by a comprehensive program to streamline operations and introduce
cost-cutting efficiencies, notes Paul Buxbaum, Chairman and CEO
of Buxbaum Group.
 Buxbaum Group initially became
involved with Gramicci when it provided additional financing
to Sole Survivor Corporation, the brand’s previous owner.
But, even with the additional funding in place, Sole Survivor
was still unable to service its sizable debt load. To recover
its investment, Buxbaum Group exercised its rights as a secured
lender and foreclosed on the loan. In the wake of the foreclosure,
Buxbaum Group was left holding Sole Survivor’s assets.
It subsequently sold the assets in a noticed sale to Sole Assets
Holdings, LLC, a Buxbaum Group affiliate.
For more click here (Page 4)
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| Buxbaum fits Bear Stearns into 7 |
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 Buxbaum Group was a key player behind one of the garment industry’s biggest transactions in 2005: Bear Stearns Merchant Banking’s acquisition of a 50% stake in 7 For All Mankind.
In its capacity as an advisor to the manufacturer of premium denim wear, Buxbaum Group helped fashion the deal with the investment banking firm; the remaining shares stayed with founder Peter Koral. Prior to that, the firm helped structure financing that saw the company through litigation and the buyout until it was able to close the Bear Stearns deal.
 The whole process began earlier this decade, when Koral turned to Buxbaum Group Chairman and CEO Paul Buxbaum to recruit investors who could provide the financial muscle needed to expand the merchandise offerings of a red-hot company that was already the most recognizable name in upscale jeans into categories like tops, wovens, tailored jackets and footwear.
For more click here (Page 4) |
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