Financial Advisor on Sale of Minority Stake in Tommy Bahama to Saunders Karp & Megrue
Tommy Bahama, a manufacturer of island themed casual apparel, footwear, accessories, and home furnishings with restaurant operations, turned to Financo to initiate a partnership for growth. Tommy Bahama planned to expand company-operated stores and restaurants, as well as introduce new categories under the its brand name.
Financo helped Tommy Bahama achieve its objective through selling a minority interest to Saunders Karp & Megrue, a private equity firm focused on the retail & consumer space.