Kinross Cashmere father or mother Dawson-Forté Cashmere Sells Majority Stake to Tempus Companions

Dawson-Forté Cashmere, Canton, Mass.-based father or mother firm of Kinross Cashmere and &Isla, has offered a majority fairness stake to Tempus Companions, a consumer-focused non-public fairness agency.

Andy Bartmess will stay Dawson-Forté’s chief govt officer and a shareholder.

“We’re excited to work with Tempus Companions to speed up the expansion of our Kinross and &Isla manufacturers as we develop into extra shops and throughout channels,” stated Barmess, in an announcement.

Mary McCann, Dawson-Forté’s senior vp of gross sales and merchandising, who will stay an govt and shareholder, added, “I’m thrilled to work with Geoffrey [Champlin] and Kyle [White] at Tempus Companions as we enter Dawson-Forté’s subsequent chapter collectively. Their confirmed expertise in efficiently rising client manufacturers makes them wonderful companions for Dawson-Forté’s future.”

Champlin, managing accomplice of Tempus Companions, stated, “We have been drawn to Dawson-Forté due to its lengthy historical past of excellence, dedication to product high quality and its passionate buyer base.”

Kyle White, managing accomplice of Tempus Companions, stated, “We’re particularly pleased Dawson-Forté will proceed underneath Andy’s and Mary’s management as we work to develop whereas conserving in place what makes the Kinross and &Isla manufacturers so particular.”

Monetary phrases of the transaction weren’t disclosed. MMG Advisors, Inc. brokered the transaction and acted as unique monetary adviser to the sellers. Scholhamer Enterprise Legislation acted as authorized adviser to the sellers. Benesch Friedlander Coplan & Aronoff acted as authorized adviser to Tempus Companions. The deal is efficient March 11.

Kinross Cashmere is a luxurious attire model with a concentrate on cashmere and different superb pure fibers, whereas & Isla is a U.Okay.-inspired luxurious cashmere model. Dawson Forté’s merchandise are offered in over 600 U.S. and U.Okay. high-end specialty retailer, together with Mitchells, Halsbrook, Wits Finish, Wilkes Bashford, and Valentina.

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