Founded in 1992 by senior executives with entrepreneurial, line operating, and bulge bracket investment banking experience.
During the month of March 2010, Avalon, as the sole placement agent, raised Frederick's of Hollywood Group Inc. $3mm in common stock and warrants.
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| Client |
Transaction Description ($mm) |
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| 2010 March - Frederick's of Hollywood Group Inc. (NYSE Amex: FOH) |
| $3mm Common Stock with Warrants - Private Placement |
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Avalon worked as the sole placement agent for Frederick's of Hollywood Group Inc to raise a total of $3mm in common stocks with warrants with several institutional investors and current shareholders. Proceeds used for general working capital and corporate purposes.
Frederick's of Hollywood Group Inc. conducts its business through its multi-channel retail division and wholesale division selling women's intimate apparel and related products. |
| AltiTUNES |
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| Advised AltiTUNES Partners, LP, the leading retailer of CD's, DVDs, portable electronics and accessories in airports throughout the United States to InMotion Pictures. (www.altitunes.com) |
| Accessory Place * |
| $6.5mm Buy-Side Assignment |
| $37.0mm Recapitalization & Financial Restructuring |
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| Specialty accessory and costume jewelery retailer purchased from Federated Department Stores, Inc. Recapitalization required after company had grown to over 150 stores through a series of acquistions. |
| Art Link, Inc. |
| $4.5mm Convertible Preferred - Private Placement |
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| The leading source for the international young art market, operating ArtLink.com, a leading Internet forum for the young art market, and various annual international exhibitions and auctions and the ArtLink@Sotheby's International Young Art Program. (www.artlink.com) |
| Ashley Stewart Stores |
| $30.0mm Convertible Preferred - Private Placement |
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| Initial institutional financing for specialty retailer of women's plus-size clothing and accessories focused on ethnic markets. (www.ashleysteward.com) |
| Bicycle Exchange, Inc. / Bikes USA |
| $10.2mm Private Preferred Stock & Subordinated Debt Placement |
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| Completed multiple private placements which allowed one of the ten largest specialty bicycle retailers in the United States begin an east coast roll out of its BIKES USA superstore format. Assisted the company obtain an asset-based debt facility. |
| Bishop Estate |
| Advisor to Creditor in Financial Restructuring |
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| Represented subordinated creditor as member of the Committee of Unsecured Creditors in the Chapter XI bankruptcy proceedings for Best Products Company, Inc., a catalogue showroom retailer with over $1.8 billion in sales. |
| Factory Card Outlet |
| $22.1mm Private Placement of Preferred Stock |
| $7.0mm Subordinated Debt |
| Various Financial Advisory Services |
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| Factory Card Outlet is a leading chain of company-owned superstores offering a vast assortment of party supplies, greeting cards, gift wrap and other special occasion merchandise at everyday value prices. Over a five year period, Avalon represented this private company in four private subordinated debt and equity placements, worked with management to prepare for its initial public offering and provided various financial advisory services, including acqusition analysis and valuing the Company's warrants and employee stock options. (www.factorycard.com) |
| HOB Acquisition Corp. |
| $34.5mm Buy-Side Assignment |
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| Represented investors acquire House of Bargains, Inc. a leading infants through young-teen off-price specialty retail apparel chain. |
| Norstan Acquisition Corp. |
| Bankruptcy Acquisition Advisor |
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| Assisted acquisition group seeking fashion cents store assets to become the stocking horse bidder in the Chapter XI bankruptcy proceedings of Norstan Apparel Shops, Inc. |
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