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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