Work Gloves Company - Falcon Investment Advisors

Work Gloves Company

Structure significant non-control junior capital investment in support of a growth recapitalization

Business Description:

The Company designs, sources, and distributes branded and private label products, primarily work gloves and umbrellas, and is a leading supplier of work gloves to retailers in the U.S. With over 300 products marketed under 70 trademarks, the company is the pioneer and largest supplier in the “high performance” work glove category.

Falcon Solution:

To effectuate the transaction, Falcon collaborated with the new independent sponsor, the owners/operators and the incumbent investor group. Falcon provided a flexible capital solution, investing in subordinated debt and preferred stock to support the growth recapitalization.

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Investment Date:

FEB 2015

Transaction Type:

Recapitalization

Industry:

Producer and designer of work gloves

Sponsor:

Independent sponsor

Securities:

Subordinated debt and preferred equity

Exit Date:

Current investment