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.”
Terms of the transaction were not disclosed.
The Sage Group served as exclusive financial advisor to Kooba.