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Boston, MA--Gordon Brothers has announced it is supporting Middle West Partners' (MWP) acquisition of luxury jewelry brand David Webb through a $30 million financing package and advisory services.

According to Gordon Brothers' official announcement, the financing includes a $25 million revolving credit facility and a $5 million accordion feature. The funds will support working capital and business operations at David Webb following the private equity firm's acquisition of a majority stake in the brand.

Per the release, Gordon Brothers also served in an advisory capacity before the deal's completion, leveraging its century-long experience in the jewelry and retail industries. The firm will continue to work with MWP and David Webb, providing consulting services to enhance the brand's operations and long-term strategy.

Kyle C. Shonak, Chief Transaction Officer for North America at Gordon Brothers, stated in the release that the firm partnered closely with MWP and David Webb during the due diligence phase. He noted that the company's asset knowledge and retail background allowed it to support the acquisition through financing and services like inventory consulting, appraisals, and field exams.

As per the release, Gordon Brothers' lending platform includes many financing tools beyond revolving credit, such as first-in, last-out loans, split-lien financing, and bridge funding. These solutions are designed to meet liquidity needs throughout the business lifecycle.

Kevin Kelleher, Partner at MWP, was quoted in the announcement as saying that Gordon Brothers' experience in the fine jewelry sector and its understanding of David Webb's market value made the partnership a natural fit.

Learn more in this news release.