Rosenthal & Rosenthal completed a recent $25 million factoring deal for an established and growing company in the juvenile products space.
The Pennsylvania-based company manufactures a range of popular baby gear and other accessories and was looking for an alternative to their existing bank financing relationship. A former Rosenthal client for several years, the brand transitioned from Rosenthal to a bank lender in 2020 and was recently facing increased restrictions on the collateral they were eligible to borrow against. As a result, the company terminated their bank lending relationship and opted to return to Rosenthal where they could take advantage of more flexibility and personalized service.
Rosenthal provided a $25 million factoring facility, lending against both domestic and international receivables as well as inventory, including finished goods and in-transit.
“We always love when clients boomerang back to Rosenthal when they recognize that being privately owned allows us to offer considerably more flexibility and much less red tape than more traditional bank lenders are able to,” said Andrew Barone, SVP of Business Development and Director of Rosenthal’s Pipeline division. “We know this client’s business well and have maintained a great relationship with their private equity sponsor, so we were able to seamlessly jump back into the mix to support their continued growth and sales opportunities.”