ClearLight Partners has made a majority investment in Paul Fredrick, a designer and retailer of men’s apparel and related accessories.
Paul Fredrick’s products include dress shirts, ties, suits, sport coats, outerwear, pants, casual shirts, sweaters, shoes and other accessories. The company sells its merchandise direct-to-consumers through both print catalogs and its company website. Paul Fredrick was founded in 1986 and is headquartered 60 miles northwest of Philadelphia in Fleetwood, PA (www.paulfredrick.com).
“Over the years, we have remained true to our original mission – to offer high-quality men’s dress and casual shirts at a great value. The management team and I are excited to have ClearLight support the company as it enters its next phase of growth,” said Paul Frederick Sacher, Founder of Paul Fredrick (the second “e” was dropped from Frederick when the company was named).
“We are excited to partner with Paul Fredrick. Paul Sacher and the management team have built a great business that provides compelling style and value to consumers,” said Josh Mack, a Partner at ClearLight. “We believe Paul Fredrick is well positioned for continued growth and success.”
ClearLight Partners invests from $10 million to $50 million in US or Canadian based middle market companies with revenues from $25 million to $250 million and EBITDAs from $4 million to $15 million. Sectors of specific interest include specialty manufacturing and distribution; business services; and consumer products and services. The firm has $900 million of assets under management and is based near Los Angeles in Newport Beach, CA (www.clearlightpartners.com).
“We are impressed with Paul Fredrick’s high-quality products, the brand’s rich heritage, and the company’s loyal following of customers,” said Michael Kaye, Founder and Managing Partner at ClearLight. “We look forward to working with the management team to support the next phase of the company’s development.”
Paul Fredrick was advised by Atlanta-based investment bank KSCA (www.ksca.com) and ClearLight was advised by Los Angeles-based DANU Capital Group (www.danucapital.com).
© 2018 Private Equity Professional | January 4, 2018
