King Trade Capital announces the completion of a US$9m purchase order (PO) finance facility for a private equity backed athleisurewear company.
The 20-year-old company, was acquired in 2020 by a private equity investor expanding its’ active lifestyle inspired portfolio of companies. The private equity firm helped the client obtain a line of credit with a bank for the initial 2 years of its ownership of the business but as the business grew the Client was in need of additional working capital and liquidity the bank couldn’t offer to support rapidly growing sales.
