NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Private equity firm ClearLight Partners announced today that it has made a majority investment in Paul Fredrick, a leading designer and direct-to-consumer retailer of men’s apparel and related accessories. Terms of the transaction were not disclosed.
Paul F. Sacher, Founder of Paul Fredrick, commented, “Over the years, we have remained true to our original mission – to offer high quality men’s dress and casual shirts at a great value. The management team and I are excited to have ClearLight support the Company as it enters its next phase of growth. Paul Fredrick will remain committed to providing great style at everyday prices, along with excellent service to our customers.”
Josh Mack, a Partner at ClearLight, stated, “We are excited to partner with Paul Fredrick. Paul Sacher and the management team have built a great business that provides compelling style and value to consumers. We believe Paul Fredrick is well positioned for continued growth and success.”
Michael S. Kaye, Managing Partner at ClearLight, added, “We are impressed with Paul Fredrick’s high-quality products, the brand’s rich heritage, and the Company’s loyal following of customers. We look forward to working with the management team to support the next phase of the Company’s development.”
About Paul Fredrick
Founded in 1986, Paul Fredrick is a leading designer and retailer of men’s apparel and related accessories. Paul Fredrick sells merchandise direct-to-consumers through its catalogs and website. Paul Fredrick is headquartered in Fleetwood, PA. For more information, please visit www.paulfredrick.com.
About ClearLight Partners
ClearLight Partners is a private equity firm in Southern California that invests in established, profitable middle-market companies with significant growth potential. Since inception, ClearLight has raised $900 million in capital across three funds from a single limited partner. The team at ClearLight has extensive operating and financial experience, and has a history of successfully partnering with owners and management teams to drive growth and create value.
For more information, please visit www.clearlightpartners.com.