Finance and advisory firm Trafalgar Capital Advisors has closed a $5 million (£3.2 million) equity line to US-listed Omni Ventures, a manufacturer of high-end fashion products.
Finance and advisory firm Trafalgar Capital Advisors has closed a $5 million (£3.2 million) equity line to US-listed Omni Ventures, a manufacturer of high-end fashion products.
The loan facility has been provided through the TCA Global Credit Master Fund, which seeks to finance small, growing, private and listed companies. The financing will spur the company in its growth, as well as allowing it to take advantage of additional opportunities in its sector.
Omni Ventures manufactures and sells its products directly to specialty stores and local chain stores, primarily in the US. It also offers its products through wholesale buyers, as well as through outsourced sales agents working with various retail outlets; and an online store which offers products in the US, Europe, Latin America, and New Zealand. The company was founded in 2008 and is based in Overland Park, Kansas.
Trafalgar Capital manages the TCA Global Credit Master Fund and acts as an adviser to small and medium-sized enterprises from its offices in the US, UK and Australia.
Bob Press, founding partner and chief investment officer of Trafalgar Capital Advisors, comments, ‘TCA is a short duration, absolute return fund specialising in senior secured lending to small, mainly listed companies in the US, Canada, Western Europe and Australia.’