RIDGEFIELD, CT, Feb 25 (MARKET WIRE) --
New Stream Capital announced today that it has provided financing to Paul
Frank Industries, the California-based apparel designer and retailer beloved
worldwide for
its witty and whimsical designs.
Secured by Paul Frank's strong intellectual property portfolio, accounts
receivable and inventory, the loan will provide working capital to support the
company's continued growth.
A well-regarded apparel brand, Paul Frank is the company behind the highly
recognized and adored character Julius the Monkey. The company's brands include
Paul Frank, Julius & Friends and Small Paul.
"Paul Frank has a distinctive brand poised for long-term growth," said
Donald
Porter, managing partner of New Stream Capital. "We are proud to support the
company's continued expansion as a strong lifestyle brand with a global retail
presence." Paul Frank's collections are already available at top retailers
worldwide, including Nordstrom, Bloomingdales, Macy's, Colette (France),
Selfridges (London), Beams (Japan), and 14 Paul Frank stores worldwide. "In the
future, we hope to see Julius swinging from every tree," concluded Porter.
About New Stream Capital: New Stream Capital, based in Ridgefield,
Connecticut, is a
private investment firm focused on providing funding solutions for unique,
complex and opportunistic transactions for a wide range of industries. These
direct investments offer customized structured finance solutions for growth
capital,
working capital, acquisition, project finance, regulatory capital, and other
specialty finance opportunities. (www.newstreamcapital.com)
About Paul Frank Industries: Paul Frank Industries began as an
accessoriescompany more than a decade ago in Huntington Beach, California. Born
out
ofthe need for a fun outlet celebrating creativity and individuality, PFI
hasacquired a cult following of people who enjoy this company's witty take on
everyday objects. Paul Frank Industries has expanded to include men's and
women's wear, plus a children's line called Small Paul. Paul Frank Industries
has collaborated with musical talents such as Foo Fighters and Weezer. It has
also collaborated with the estates of Andy Warhol and Elvis Presley. The
whimsical designs have received excellent visibility in numerous cinematic
blockbusters, including "Austin Power's 1 & 3," "Charlie's Angels 2," and
"American Pie 1 & 2." (www.paulfrank.com)
Contact:
Tara A. Bryson
New Stream Capital
203.431.0330 x814
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