KPS Capital Partners has completed a recapitalization of its portfolio company American & Efird Global (A&E), which raised approximately $275 million in financing, including a $65 million cash flow revolving credit facility and an approximately $210 million term loan.
Philadelphia-based LBC Credit Partners has provided a senior secured term loan to support the recapitalization and investment in Pride Family Brands by New Water Capital Partners, a $406 million private equity fund that focuses on investing in lower middle market companies in the consumer products, retail and industrial manufacturing industries.
Mega Motion and its Windermere Motion line, a subsidiary of Pride Mobility Products Corp., has signed a long-term agreement for a new, larger showroom at the Las Vegas Market, Aug. 2-6.
New York-based home furnishings retailer West Elm will open its first South Carolina store in the Upper King district of Charleston, S.C., Aug. 13 at 10 a.m.
The Bon-Ton Stores, based in York, Pa., has appointed William Tracy as COO, effective July 27.
Yuang-Whang “Daniel” Liao has been named senior vice president of finance for Lacquer Craft Furniture, a new position for the company.
Bassett Furniture Industries’ board of directors has declared a dividend of nine cents per share of outstanding common stock payable on Aug. 28 to shareholders of record at the close of business Aug. 14.