DEAL
ANNOUNCEMENT
STORY3 Capital Partners Closes a $200M Structured Investment in a Global Luxury Brand
Los Angeles
May 20, 2024
STORY3 Capital Partners (“STORY3”) today announced the closing of a $200 million structured investment that combines first lien debt protections with target equity returns.
The investment is structured as a collateralized, short-dated term loan that is secured by a robust collateral package including all the equity of a leading, privately held global luxury brand and certain newly acquired hard assets. The proprietary transaction was sourced through a long-standing, 20+ year relationship with the principal and embodies STORY3's ability to craft bespoke capital solutions in complex special situations.
STORY3 Managing Partner Peter Comisar said, “In the current environment, our sector-focused, opportunistic strategy is yielding favorable shorter-duration investments with defined exits, strong attachment points and attractive target risk-adjusted equity returns.”
“This transaction is a testament to STORY3’s ability to find non-marketed deal opportunities and utilize creativity in deal structuring to create compelling investments that fulfill a critical need for the issuer,” said Samir Shah, STORY3 Partner. Ryan Nehoray, STORY3 Principal, added, “We are proud to support and partner with the visionary founder of one of the world’s most coveted luxury brands.”
This transaction represents the 3rd investment in STORY3’s flagship Consumer Opportunities Fund II.
About STORY3 Capital Partners
STORY3 is a leading alternative investment manager that employs a flexible investment strategy and pairs deep industry expertise, operating support, and unique transactional experience to support value creation for its partners. Paramount to its investment lens is a focus on companies at the nexus of consumer, commerce and content, where STORY3 believes its capital, skillset, and relationships can substantially impact value creation. For more information, please visit www.story3capital.com.