Exclusive Financial Advisor to Swank on Sale to Randa Accessories
Financo served as the exclusive financial advisor to Swank, a distributor of men’s and women’s belts, leather accessories and jewelry on its sale to Randa Accessories Leather Goods.
Financo negotiated on behalf of Swank, which included working with its licensors and guiding the client through a “go-shop” period. In an approximately $57.3 million transaction, the combination of Swank and Randa created a global accessories company with over $600 million in annual sales.
In addition to acting as advisor to Swank, Financo provided a fairness opinion to Swank’s Board of Directors.