Kooba Brings On Equity Partner
Kooba, a leading contemporary designer of women's luxury handbags, accessories, and apparel, announced today that it has brought on an equity partner through a growth investment from Swander Pace Capital.
Kooba Co-Presidents Abbe Held and Lynn Pincus, together with Founder Bonnie Held, will continue to strategically grow and further develop the Kooba brand by leveraging the strength of the brand and expanding into new product categories, increasing penetration in the international arena and opening its own retail stores.
"We are thrilled by the opportunity to further Kooba's growth and development by bringing on an equity partner with the extensive brand experience and expertise of Swander Pace Capital," said Lynn Pincus. "We are looking forward to continuing to build and broaden the Kooba brand and the opportunity to create retail platforms that will showcase the breadth of Kooba's expanded product lines."
The Sage Group, LLC, served as the exclusive financial advisor to Kooba with respect to this transaction. Terms of the transaction were not disclosed.
Founded in 1998, Kooba is a premium contemporary designer of women's luxury handbags, accessories, and apparel. The Company's brand strength and design reputation have positioned it as a market leader in the contemporary handbag market. As an extension to their enormously popular accessories lines, the company has also just launched its first ready to wear collection. Kooba's products are sought after by fashion-forward customers for their modern approach, relaxed attitude and timeless design sensibility. The brand has developed a loyal following among luxury shoppers, celebrities, editors, stylists and trendsetters alike. Kooba is sold in premier contemporary and luxury stores both domestically and internationally. Major retailers include Neiman Marcus, Saks, Nordstrom, Barneys, Bloomingdale's, and Scoop.
About Swander Pace Capital
Swander Pace Capital is a leading private equity firm specializing in investing in growth-oriented, middle-market consumer products companies. SPC actively partners with strong management teams to identify and implement growth strategies, improve operations, and build sustainable brand value.
Since its inception in 1996, Swander Pace Capital has completed over 30 investments in consumer products companies, in categories such as apparel and accessories, food and beverage, personal care products, pet products, and sporting goods. SPC's apparel and accessories investments have included Totes Isotoner and Reef. For more information, please visit www.spcap.com.
The Sage Group acted as exclusive financial advisor to Kooba.