BIRMINGHAM, MI, April 27, 2018 – Quarton International’s Debt Advisory Group is pleased to announce that IQ Brands (“IQ” or the “Company”), a portfolio investment of Huron Capital Partners LLC (“Huron Capital”), has completed a refinancing transaction providing a highly efficient capital structure to support the continued growth of the platform. Quarton International’s Debt Advisory Group acted as the exclusive advisor to Huron Capital and the Company in arranging financing for the transaction.
Founded in 1999 and headquartered in Advance, North Carolina, IQ is a leading designer and distributor of fashion casual and athletic socks serving a diverse range of hosiery market segments. The Company’s industry renowned in-house design team captures the latest trends in the colored and patterned sock category and sells private label, licensed, and branded merchandise to specialty footwear retailers, sporting goods stores, department stores, and discount retailers throughout North America.
Huron Capital is an operationally-oriented investment firm dedicated to growing lower middle-market companies through its high-impact and differentiated buy-and-build investment model. Since 1999, Huron Capital has raised over $1.8 billion of committed capital across six funds and completed over 150 transactions.
“This financing transaction represented an important milestone for the Company and will provide significant working capital liquidity needed to support our promising near-term growth opportunities. We were extremely pleased with the optimal outcome and strong level of execution that Quarton delivered via its debt capital raising process.”
Senior Partner at Huron Capital
“We were very excited to partner with Huron Capital and IQ to structure and place an important financing solution on behalf of the Company. This transaction is a prime example of how our thoughtful approach to a wide array of debt capital providers and fully-outsourced placement process yield highly effective results for our clients.”
Partner and Head of Quarton’s North American Debt Advisory Group
January 30, 2019
Finance Monthly Deal Maker Award for Quarton, a Cowen Company
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