Gordon Brothers grants Moda Operandi $ 13 million term loan
Boston, June 03, 2021 (GLOBE NEWSWIRE) – Gordon Brothers, the global advisory, restructuring and investment firm, has partnered with investment bank Consensus to provide a $ 13 million term loan to Moda Operandi in order to support the sale of his business.
“It was remarkable working with the Gordon Brothers team,” said Stephanie Roberts, Interim CFO at Moda Operandi. “It was one of the best executed financings I have ever had, because they kept the process simple, straightforward and executed exactly what they said they would do from the start. “
Moda Operandi, a high-end luxury fashion website, used the funding to drive a full sales process and achieve a positive outcome for capital and all other stakeholders.
“Led by an innovative team, Moda Operandi has always established itself as a leading platform for fashion discovery,” said Kyle C. Shonak, Managing Director of Gordon Brothers. “In partnership with Consensus, we achieved the best result for the online fashion retailer. “
“The Gordon Brothers team played an important role in achieving a positive outcome for Moda Operandi,” said Michael O’Hara, Managing Member of Consensus. “Their expertise in the field, hard work and flexibility provided the liquidity we needed to execute a complete marketing process, and we sincerely thank them for their partnership on this project. “
Gordon Brothers provides short and long term bridging capital by leveraging its expertise as a market maker in all asset classes. The company is particularly well placed to underwrite structures that put capital behind its valuations. Each capital solution is designed on an operation-specific basis taking into account the needs of borrowers and in support of their goals.
The company lends or invests directly in retail, brands, real estate, inventory, receivables, machinery, equipment and other assets both together and individually to provide broader solutions to- beyond market-leading disposition and valuation services.
About the Gordon brothers
Since 1903, Gordon Brothers (www.gordonbrothers.com) has been helping lenders, operating executives, advisors and investors advance change. The company brings a powerful combination of expertise and capital to its clients, developing customized solutions on an integrated or stand-alone basis in four service areas: appraisals, disposals, operations and investments. Whether to fuel growth or facilitate strategic consolidation, Gordon Brothers partners with companies in the retail, commerce and industrial sectors to get the most out of their assets. Gordon Brothers conducts more than $ 70 billion in disposals and appraisals annually. Gordon Brothers is headquartered in Boston and has more than 30 offices on five continents.