P180 Acquires Majority Stake in Vince Holding Corp.

January 22, 2025

P180, a venture co-founded by Christine Hunsicker and Brendan Hoffman, acquired a majority (approximately 65%) stake in Vince Holding Corp. from affiliates of Sun Capital Partners. The transaction includes debt-restructuring actions (a $15M ABL-funded paydown and P180 assumption/forgiveness of $7M of subordinated loans), and Brendan Hoffman is expected to become CEO as P180 deploys digital and inventory-monetization capabilities to improve profitability.

Buyers
P180
Targets
Vince Holding Corp.
Sellers
Affiliates of Sun Capital Partners, Inc.
Industry
Retail
Location
New York, United States
Transaction Type
Buyout

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