WhiteHorse Capital Provides Term Loan to Support Nonantum Capital Partners’ Acquisition of Ross-Simons
CHICAGO – February 16, 2021 – WhiteHorse Capital, the direct lending affiliate of H.I.G. Capital, a leading global alternative investment firm with $43 billion of equity capital under management, provided a new term loan to support Nonantum Capital Partners’ (“NCP”, or the “Sponsor”) acquisition of Luxury Brand Holdings, Inc. (“Ross-Simons” or the “Company”). Ross-Simons is a direct-to-consumer ecommerce retailer of fine jewelry.
“The WhiteHorse Capital team was a great financial partner throughout the transaction. We were impressed with their ability to move quickly and be creative when structuring the transaction to meet our needs, and look forward to continuing our partnership as we grow our business,” said Jon Biotti, Managing Partner at Nonantum Capital Partners.
Gina Provenzale, Managing Director at WhiteHorse Capital, added, “We are excited to partner with NCP to support the acquisition of Ross-Simons. We look forward to working with NCP and the Ross-Simons management team as they execute on their growth strategy.”
Founded in 1952 and headquartered in Cranston, RI, Ross-Simons is a leader in direct-to-consumer sales, specializing in offering unique and proprietary jewelry designs alongside a deep selection of classics such as diamond tennis bracelets and gold necklaces. The company offers a wide selection of items across a diverse range of price points and is known for mixing materials and colors in unexpected combinations. Factory direct sourcing, a wide assortment of raw materials, and nimble product development produce a compelling value proposition for the consumer. Please visit www.ross-simons.com
About WhiteHorse Capital
WhiteHorse is the direct lending affiliate of H.I.G. Capital, a leading global alternative assets investment firm with $43 billion of equity capital under management.* WhiteHorse provides debt financing to middle market companies across a broad range of industries, including business services, manufacturing, healthcare, retail, food/agriculture, and specialty finance. WhiteHorse has a broad investment mandate and provides senior and subordinated debt for refinancings, growth capital, acquisitions, buyouts, and balance sheet recapitalizations. WhiteHorse professionals, across the U.S. and Europe, have extensive experience and a proven track record of providing creative financing structures and employing a long term relationship oriented portfolio management philosophy. For more information, please visit: www.whitehorsecapital.com.
* Based on total capital commitments managed by H.I.G. Capital and affiliates.