Taos (or the “Company”), a leader in fashion-forward and supportive footwear, has completed a recapitalization transaction with Prospect Capital Corporation (“Prospect”). Taos Founder and CEO Glen Barad will continue to own a significant equity stake in the Company. The Sage Group initiated the transaction and served as exclusive financial advisor to Taos.
Founded in 2004, Taos’ mission to provide shoes that support the human body and its range of movements cemented the brand as an industry leader in design-driven and supportive footwear. With a robust and diverse omnichannel distribution network primed for scale, Taos continues to experience tremendous growth across its proprietary e-commerce and wholesale channels.
Glen Barad and the Company’s existing management team will continue to run the business from their headquarters in Los Angeles, California, in collaboration with strategic insight from Prospect.
The Sage team served as an exceptional partner throughout this process, working tirelessly to help achieve our desired result. From the onset, Sage offered an incredibly bespoke process, truly leveraging their best-in-class knowledge of the branded consumer ecosystem to guide and support our team. Thanks to Sage’s invaluable advice, service, support, and dedication, we felt confident every step of the way. We are excited for this next chapter in our Company’s trajectory to drive additional growth and success.
Glen Barad, Founder and CEO