Sponsors
Billabong ▼ -0.005 | PPR ▲ +0.35 | American Apparel ▲ +0.022 | The Buckle ▲ +0.57 | Columbia ▼ -0.13 | Deckers Outdoor ▲ +0.50 | Dicks ▼ -0.77 | Foot Locker ▲ +0.33 | Genesco ▲ +0.62 | Iconix Brand Group ▼ -0.41 | Jarden Corp ▼ -0.43 | Nordstrom ▼ -0.42 | Luxottica ▼ -0.42 | Nike ▲ +0.13 | Pacific Sunwear ▲ +0.06 | Skullcandy ▼ -0.14 | Sport Chalet - 0 | Urban Outfitters ▲ +0.61 | VF Corp ▼ -0.22 | Quiksilver ▼ -0.05 | Zumiez ▼ -0.02 | Macys ▲ +0.14 | Tillys ▼ -0.04 |
Ticker Sponsor
Readers Say
In touch with our business
In touch with our business

If you're not plugged into Shop-Eat-Surf.com daily, you're out of touch with our business!

- By Peter "PT" Townend, The ActivEmpire
Executive Edition is a must have
Executive Edition is a must have

Before Shop-Eat-Surf, there were two sites I paid for premium content on. One is Surfline, the other is the Wall Street Journal. One is about all things surf, the other, the best business content site in the world. Shop-eat-surf is the intersection of those two worlds. Shop-Eat-Surf provides everything from coverage of events, people, brands and trends. However, beyond the Executive Edition "wall" is more meaty analysis and interpretation of financial statements, business models and brand philosophies; why certain brands and companies are succeeding, where others aren't. The Executive Edition is a must have read if the business of surf and action sports are on your radar screen.

- By Jeff Berg, Co-owner, Surfline
Industry Insight


ROTH CAPITAL PARTNERS: Hosting 27th Growth Stock Conference March 8-11 in Dana Point, Calif.
Details on Industry Insight.


Tiffany Montgomery
Print This Article

Manhattan Beachwear sold to private equity firm

By
January 26, 2010 8:30 AM

Catching up on this swimwear news.

Press release:

Mayfield Heights, Ohio – Linsalata Capital Partners (LinCap), a Cleveland-based private equity firm, announced that it has acquired a majority stake in Manhattan Beachwear, LLC. Existing ownership maintained a 20 percent stake in the company.

Manhattan Beachwear is a leading provider of women’s swimwear and beachwear. The company is headquartered in Cypress, CA. The company supplies a portfolio of labels to large national department stores, mass merchants and specialty swimwear outlets. Proprietary brands include Maxine and 24th & Ocean. Licenses include Kenneth Cole, Hermanny by Vix, Sofia by Vix, Hobie and Split.

The existing management team, led by Allan Colvin, CEO, invested alongside LinCap and will continue in their current roles. The investment continues LinCap’s track record of success investing in niche apparel companies.

“We are pleased to be partnering with LinCap as we enter a period of aggressive expansion,” said Colvin. “Their experience in the sector will undoubtedly be helpful as we manage our growth going forward,” he continued.

Eric Bacon, senior managing director at LinCap, said, “We are excited to be working with this team and in this space coming off strong performance despite the weak economy. Women’s swimwear has proved recession-resistant and the company, in particular, has strong momentum.”

Located in the Cleveland suburb of Mayfield Heights, Ohio, Linsalata Capital Partners was founded in 1984 and has combined its strong financial capabilities with extensive operational experience to accelerate the growth of middle-market companies. In its more than 25 years of investing, the firm has completed 92 buy-side transactions totaling more than $3 billion. Linsalata Capital Partners is currently investing from its sixth fund, Linsalata Capital Partners Fund V, L.P. (LinCap V), with $425 million in committed equity capital.

 


Articles You Might Have Missed