Gordon Brothers, recognized for their expertise in providing liquidity solutions, has extended a revolving credit facility to support S5 Equity’s acquisition of the renowned catalog retailer Hammacher Schlemmer. This deal marks a significant step for Gordon Brothers as it expands its lending platform to include revolving credits. S5 Equity plans to enhance the customer experience and shift the long-standing catalog business towards e-commerce. Kyle C. Shonak of Gordon Brothers emphasizes the firm’s holistic approach to funding, which leverages deep asset expertise to maximize liquidity. David Steinhafel from S5 Equity expressed his excitement about enriching the legacy of Hammacher Schlemmer thanks to this strategic financing. Gordon Brothers, with a history going back to 1903, lends against various asset types, offering tailored liquidity solutions. The company has a global presence with offices across multiple continents.
Financial Services, Retail, Private Equity,United States
https://www.globenewswire.com/news-release/2024/09/05/2941420/0/en/Gordon-Brothers-Provides-Revolving-Credit-Facility-to-Support-Hammacher-Schlemmer-Acquisition.html