Fundz

Sound Point Capital Provides Financing To Centric Brands

RECENTLY ACQUIREDOct 21, 2022

Round Type

Funding Round

New YorkManufacturingProfessional ServicesFinancial ServicesLending And InvestmentsE CommerceFashionRetailLifestyle

Description

Sound Point Capital Management (“Sound Point”) is pleased to announce that it provided an Accounts Receivable Facility for Centric Brands (“Centric” or the “Company”), a leading global lifestyle brand collective that designs, sources and markets branded products in the apparel, accessories, beauty and entertainment categories. The transaction refinances and upsizes a similar facility that was previously held by Sound Point.

Quick answer

Centric Brands raised an undisclosed amount in a Funding Round round, dated October 21, 2022. Centric Brands is based in New York, New York, United States.

How much did Centric Brands raise?
Centric Brands raised an undisclosed amount in a Funding Round round on October 21, 2022.
What does Centric Brands do?
Centric Brands LLC. is a global leading lifestyle brand collective that has unparalleled expertise in product design, development and sourcing, retail and digital commerce, marketing, and brand building.
Where is Centric Brands based and how big is it?
Centric Brands is based in New York, New York, United States. Fundz records about 2,300 employees.
Who are the decision-makers at Centric Brands?
Fundz holds 5 contacts at Centric Brands, including the Vice President Design and Merchandising. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Professional Services and Financial Services around the same time

Companies in the same sectors as Centric Brands that raised within 45 days of this round, from Fundz verified event records.

  • SUMMER INTERNATIONAL raised an undisclosed amount (Seed) on November 18, 2022.
  • Perfect Moment Ltd. raised $5.5M on September 23, 2022.
  • FS Life raised $6.2M (Series B) on September 22, 2022.
  • Uncover raised $1M (Seed) on December 2, 2022.
  • LiquiDonate raised $2.3M (Seed) on November 30, 2022.
  • Beni raised $4M (Seed) on November 30, 2022.

Who to call at Centric Brands, and when

A new round usually means Centric Brands is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Centric Brands raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Centric Brands, from your own LinkedIn network

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Company Information

Company

Centric Brands

Location

New York, New York, United States

About

Centric Brands LLC. is a global leading lifestyle brand collective that has unparalleled expertise in product design, development and sourcing, retail and digital commerce, marketing, and brand building. Centric designs, sources, markets, and sells high-quality products in the kids, men’s and women’s apparel, accessories, beauty, and entertainment categories. The Company’s portfolio includes licenses for more than 100 iconic brands, including Calvin Klein®, Tommy Hilfiger®, Nautica®, Spyder®, and Under Armour® in the kid’s category; Joe’s Jeans®, Buffalo®, Hervé Léger®, and IZOD® in the men’s and women’s apparel category; Coach®, Kate Spade®, Michael Kors®, All Saints®, Frye®, Timberland®, Hunter®, and Jessica Simpson® in the accessories category; and in the entertainment category, Disney®, Marvel®, Nickelodeon®, and Warner Brothers® among many others. The Company also owns and operates Zac Posen®, Hudson®, Robert Graham®, Avirex®, Fiorelli®, and Taste Beauty® and operates a joint venture brand, Favorite Daughter, with Sara and Erin Foster. The Company’s products are sold through leading mass-market retailers, specialty and department stores, and online. The Company is headquartered in New York City, with U.S. offices in Los Angeles and Greensboro, and international offices in London, Toronto, and Montreal. Centric Brands social impact efforts are centered around our commitment to serve and uplift the communities where we live and do business. Through our collective volunteerism and contributions, we are dedicated to making a caring and lasting impact on the world around us. For more information about Centric Brands, please visit www.centricbrands.com.

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Related People

5 contacts
Verified contactsMayer V., Vice President Design and Merchandising hidden hidden hiddenSee plans and pricing
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Centric Brands raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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