Year: 2002

Industry: Home Furnishings & Décor, Specialty Retail

Service: Sell-Side M&A

Geography: International

Exclusive Financial Advisor on Recapitalization of Tumi with Oaktree Capital Management

Tumi, the leading international designer of prestige luggage, business cases and accessories, looked to Financo to identify a partner that would provide capital to execute the strategic vision of the founder including building brand awareness and expanding the number of company-owned retail stores.

Financo introduced Tumi to various potential strategic and financial partners and consumated a partnership with Oaktree Capital, whiah had a successful track record of investing in branded retail companies. The founding family of Tumi was able to achieve its objective of retaining a meaningful ownership position.

  • 2002

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