Sur La Table gets $35 million credit facility
The joint venture that acquired Sur La Table has received financing to support its growth.
Second Avenue Capital Partners has provided a $35 million credit facility to Marquee Brands and CSC Generation in support of Sur La Table. The two companies came together to acquire the bankrupt kitchenware retailer in August. Proceeds from the transaction are being used to provide additional working capital and support growth.
"SACP was a true partner throughout the acquisition, from supporting us in the bidding process to delivering a credit facility concurrent with our closing," said Justin Yoshimura, CEO of CSC Generation. "They remained flexible and executed on the terms provided, adjusting with us as the deal dynamics evolved. Within one week, SACP delivered a capital solution that provides Sur La Table with the resources to build long-term success."