Jessica's Lands Investors
Vernon, Calif.–based off-price apparel distributor Jessica’s landed an undisclosed investment from Relativity Capital L.P. and an additional undisclosed investment from Riveria Investment Group.
The funds will be used to further Jessica’s growth and expansion into new brands and categories.
Founded in 1980, Jessica’s distributes more than 2,000 styles of contemporary branded apparel, including premium denim, knits and wovens, action sportswear, footwear, and accessories for men, women and children.
“We engaged with Relativity when we decided to seek additional capital to finance our growth strategy,” Jessica’s President and Chief Executive Officer Richard Koral said. “We recognized Relativity would be an excellent financial partner given their ability to offer strategic support and resources, their long-term-partnership approach, and our shared vision for Jessica’s that emphasizes providing our brand relationships with superior service and execution, while offering customers best-in-class access to contemporary branded apparel.”
Creo Capital Advisors and Buchalter Nemer advised Jessica’s in the deal. Relativity was advised by Kirkland & Ellis LLP and PricewaterhouseCoopers LLP.
Headquartered in Arlington, Va., Relativity Capital also has offices in New York and Michigan. The company invests in retail and distribution, business and healthcare services, and aerospace, defense and industrials sectors. New York–based Riveria Investment Group invests in middle-market companies based in the United States.
For more information about Jessica’s, visit http://www.jessicasoutlet.com/. —Alison A. Nieder
