Non-public Fairness Funding To Develop International Way of life Model

Adrianna Papell, a New York City–based mostly designer of girls’s special-occasion attire, has acquired a strategic funding from Dallas-based personal fairness agency Trive Capital.

Founded in 1980 and headquartered in New York City, Adrianna Papell is understood for designing cocktail attire, eveningwear, and polished day-to-day separates. The model’s kinds are created by its in-house design crew in New York and are acknowledged for his or her match, craftsmanship, and a focus to element.

Since its founding, the corporate has bought greater than 40 million attire. Today, Adrianna Papell distributes its merchandise by means of a mixture of direct channels and retail companions, reaching prospects throughout 27 nations.

Following the funding, the corporate’s current administration crew will stay in place to steer the enterprise because it pursues strategic initiatives to speed up progress.

The partnership is anticipated to assist Adrianna Papell’s growth into extra product classes and strengthen its presence in underpenetrated channels, together with direct-to-consumer and worldwide markets. The firm additionally plans to pursue progress each organically and thru acquisitions because it evolves from a special-occasion model right into a broader life-style platform.

Trive Capital, which manages greater than $8 billion in regulatory belongings, focuses on investing in fairness and debt in middle-market corporations with potential for operational enchancment and transformational progress. The agency’s funding professionals have participated in additional than 250 middle-market transactions representing over $10 billion in income throughout its focused sectors.

Adrianna Papell’s management stated the partnership marks a major milestone as the corporate enters its subsequent stage of growth after greater than 4 a long time within the attire trade.

KEY QUOTES

“We’re proud to partner with Adrianna Papell and support a brand that has earned the trust of customers over many decades. We’re excited to work alongside the team to build on that trust through continued investment in product excellence and customer service, while supporting the initiatives that will drive the company’s next phase of growth.”
Andrew Frank, Partner at Trive Capital

“Partnering with Trive provides a great opportunity to transform Adrianna Papell from the top social-occasion brand into a major global lifestyle brand. With Trive’s support, we expect to significantly broaden our product offering into new categories and accelerate growth – organically and through acquisition – across underpenetrated distribution channels, including DTC and international markets. This transaction validates our amazing team’s performance in fulfilling our brand’s mission to ‘wear life beautifully’: to celebrate every day, to wear your happiest moments and most unforgettable evenings, and every second in between — with elegance, grace, and impeccable style. Forty-five years strong, our team is excited to begin the next chapter of Adrianna Papell, building our incredible brand and leveraging our capabilities to take the company to the next level.”
Adam Berkman, CEO of Adrianna Papell