Exclusive Financial Advisor to Opening Ceremony on Minority Recapitalization with Berkshire Partners

Opening Ceremony, a fashion brand and retailer centered around the discovery and sharing of brands and ideas from around the world, retained Financo to help secure a partnership that would provide strategic capital for expansion. With a full men’s and women’s apparel and accessories line, a global retail chain, as well as a multi-label showroom, Opening Ceremony has a 360 degree approach to fashion. What began as a single store on a quiet street in downtown New York, Opening Ceremony evolved into a global community with retail outposts in New York, London, and Los Angeles, multiple stores in Tokyo, a global e-commerce and editorial destination, a wholesale designer showroom and a publishing division.

Relying on our insights into the consumer-oriented financial sponsor community, Financo drove a competitive process with multiple parties. Our experience, leadership and methodical execution helped the founders of Opening Ceremony achieve their personal and financial objectives.

This transaction was completed prior to Raymond James’ acquisition of Financo.

Year: 2014

Industry: Apparel, Footwear & Accessories, Enthusiast Brands & Active Lifestyle, Specialty Retail

Service: Sell-Side M&A

Geography: North America