NEW YORK, Jan. 12, 2015 /PRNewswire/ -- Young America Capital ( www.yacapital.com ) announced today that it closed the previously announced sale of $9.8M in common stock of Xcel Brands, Inc. (OTCBB:XELB) through a private placement to U.S. based institutional investors. Xcel Brands is an omnichannel brand management company.
The proceeds from the stock purchase were used by Xcel to acquire two brands, H by Halston and H Halston, from Halston's intellectual property holding company for $27.7M in a combination of cash, stock and warrants. Young America Capital, LLC acted as the exclusive placement agent and advisor for the transaction.
About Young America Capital, LLC
Founded in 2000, Young America Capital is a New York-based FINRA/SEC/MSRB licensed independent investment banking and advisory firm which provides capital raising, M&A advisory and fund marketing services for companies and alternative investment fund managers. The company is comprised of a diverse group of investment banking professionals with particularly deep sector experience in Consumer & Retail, Maritime & Infrastructure, Cleantech, Telecomm, Media and Technology; Healthcare & Life Sciences; Real Estate, and Latin America. www.yacapital.com
About Xcel Brands
Xcel Brands, Inc. is a leader and innovator in the acquisition, design, licensing, marketing, and retail sales of consumer brands. Xcel owns and manages the Isaac Mizrahi and Judith Ripka brands, pioneering an omnichannel sales strategy inclusive of interactive media, brick and mortar retail, and e-commerce. Xcel also owns an interest in, manages and designs the Liz Claiborne New York brand which is sold exclusively through QVC. Headquartered in New York City, Xcel Brands is led by an executive team with significant retailing, licensing, design, and marketing experience, and a proven track record of success in elevating branded consumer products companies. With a team of over 50 designers and social media focused marketing executives, Xcel maintains control of product quality and promotion across all of its licensed product categories and distribution channels. Xcel differentiates by design. www.xcelbrands.com
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