Year: 2001

Industry: Apparel, Footwear & Accessories, Specialty Retail

Service: Sell-Side M&A

Geography: North America

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.

  • 2001

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