True Capital, a private equity firm based in New York, has acquired the owner of apparel brands Bench and Nicce. The deal includes the operating companies Bench International and Nicce Ltd, as well as the brands’ intellectual property and all supporting infrastructure.
True Capital is a leading private equity firm that invests in lower middle-market companies. The firm seeks to invest in companies with strong growth potential that are seeking capital for expansion, recapitalization, or change of control transactions. Bench and Nicce are iconic brands with a strong following among millennials and Gen Z consumers. The acquisition of these brands further strengthens True Capital’s portfolio of consumer brands.
Bench is a leading lifestyle brand that was founded in Manchester, England in 1989. The brand is known for its casual, street-inspired clothing and accessories. Bench has a strong presence in the UK and Europe, and is also expanding into new markets such as Asia and North America.
Nicce is a streetwear brand that was founded in London, England in 1997. The brand is known for its high-quality, sportswear-inspired clothing and accessories. Nicce has a strong following among young consumers and is sold in over 50 countries worldwide.
The acquisition of Bench and Nicce is a significant coup for True Capital. The two brands have a combined annual revenue of over 100 million pounds sterling and are poised for continued growth. True Capital plans to invest in the brands to help them accelerate their growth in both domestic and international markets.
The acquisition of Bench and Nicce is the latest in a series of investments that True Capital has made in the apparel sector. In recent years, the firm has also acquired brands such as Juicy Couture, Bebe, and Body Glove. True Capital is a major player in the apparel industry and the acquisition of Bench and Nicce进一步巩固了其在这一领域的领先地位。
The acquisition of Bench and Nicce is a testament to the strength of the brands and the potential that True Capital sees in the apparel sector. The firm is confident that it can help these brands reach their full potential and achieve even greater success in the years to come..
