MarcyPen and Brand Velocity Group Acquire Majority Stake in The GLD Shop from H.I.G. Growth Partners

WHP Global and G-III Apparel Group Acquire Marc Jacobs from LVMH

May 14, 2026

Retail

LVMH and WHP Global entered into a definitive agreement for WHP Global to acquire the Marc Jacobs brand from LVMH. Following closing, G-III Apparel Group will join WHP Global in owning Marc Jacobs and will acquire/operate certain parts of the brand’s global direct-to-consumer and wholesale businesses, while Marc Jacobs remains founder/creative director.

G-III Apparel Group and WHP Global Acquire and Relaunch Marc Jacobs Through 50/50 JV

May 14, 2026

Retail

G-III Apparel Group signed a definitive agreement with WHP Global to jointly own the Marc Jacobs brand intellectual property via a newly formed 50/50 joint venture. G-III will acquire and manage the global Marc Jacobs operating business, while WHP Global will oversee licensing operations under long-term licensing arrangements, with closing expected in G-III’s fiscal third quarter of 2027 (subject to approvals).

Marcy Venture Partners Merges With Pendulum Opportunities to Form MarcyPen Capital Partners

December 18, 2024

Financial Services

Marcy Venture Partners, the VC firm co-founded by Jay-Z, has merged with Pendulum Opportunities (the investment arm of Pendulum Holdings) to create MarcyPen Capital Partners, a combined platform reporting roughly $900 million in assets under management. The combined firm will continue fundraising efforts under MarcyPen Opportunities Fund II (target $250 million), with more than $100 million reportedly secured.

The Marygold Companies Acquires 7.95% Stake in Midland Capital Holdings Corporation

October 24, 2024

Financial Services

The Marygold Companies, Inc. (NYSE American: MGLD) purchased a 7.95% ownership position in Delaware-based Midland Capital Holdings Corporation (MCHC) for $1.8 million, and also received warrants to buy additional shares. MCHC's principal operating entity is Midland Federal Savings and Loan Association, headquartered in Bridgeview, Illinois; Marygold says the investment supports its strategy of expanding in financial services/fintech and will help enhance the bank's offerings and technology.

H.I.G. Growth Partners Makes Growth Investment in GLD

September 28, 2021

E-Commerce

H.I.G. Growth Partners completed a strategic growth investment in GLD, LLC, a Miami-based digitally native direct-to-consumer jewelry, accessories, and apparel brand focused on the streetwear/urban market. The capital and strategic support from H.I.G. will be used to scale GLD’s digital marketing, product assortment, and overall growth initiatives; Paul Hastings served as legal counsel to H.I.G. and The Sage Group advised GLD.

Brand Velocity Partners Acquires Magma Products

February 13, 2020

Consumer Products

Brand Velocity Partners, a New York-based private equity firm focused on growing consumer brands through marketing expertise, has acquired Magma Products, a manufacturer and marketer of marine and outdoor cookware and grills. Merion Investment Partners provided mezzanine debt and equity financing to facilitate the transaction; Pacific Mercantile Bank provided a working-capital line.