NEW YORK and GREAT BARRINGTON, Mass., May 27, 2015 /PRNewswire/ -- G.C. Andersen Partners ("G.C. Andersen"), a New York-based investment bank announced that it has advised Iredale Mineral Cosmetics, Ltd. ("IMC"), a leading cosmetics company in the professional channel, on its recent financing.
Founded by Jane Iredale in 1994, IMC manufactures and distributes premium cosmetics through multiple channels throughout the world under the name jane iredale and fedora. With over 400 stock-keeping units in 45 product categories, the company is the pioneer of innovation in the mineral cosmetic industry. IMC's products are sold in over 5,000 locations domestically and in 42 countries throughout the world. Jane Iredale, Chief Executive Officer said, "We are thrilled to complete the transaction and believe the financing positions the Company well for its next stage of growth."
Bob Montgomery, Chief Operating Officer of IMC added, "The benefit G.C. Andersen provided was its ability to understand, appreciate, and effectively convey the Iredale story to its lending relationships. The funds raised for IMC will allow the Company to develop new formats to showcase it products consistent with its brand positioning, further expand its overseas sales, and complete its new state-of-the-art world headquarters.
In announcing the transaction, G.C. Andersen Managing Director, Scott Hadfield said, "Iredale Mineral Cosmetics occupies a unique niche in the cosmetics industry. Its prestige cosmetics are marketed through medical professionals, specialty boutiques and in many of the most esteemed spas and resorts in the world. The Company's worldwide sales and overall capital needs necessitated a highly flexible and creative financing structure that could grow with the Company in the future. As a result of our deep relationships in the credit markets and extensive expertise advising branded consumer products companies, we were able achieve a successful outcome for our client."
About G.C. Andersen Partners
Founded by G. Chris Andersen in 1996, G.C. Andersen Partners is an investment banking partnership best known for its creativity, problem solving capabilities and the unusual depth of experience of its partners. The firm advises both private and publicly-held clients and has been an active advisor to companies in the consumer products industry seeking to achieve the best possible outcome in their mergers and acquisitions, capital raising and corporate restructuring transactions. For more information, please visit www.andersenllc.com. The financing was executed through G.C. Andersen Partners' wholly-owned broker-dealer, G.C. Andersen Partners Capital, LLC, Member FINRA/SIPC.
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SOURCE G.C. Andersen Partners