WhiteHorse Capital Provides First-Lien Credit Facility to Inspired Beauty Brands, Inc.
CHICAGO – January 25, 2021 – WhiteHorse Capital, the direct lending affiliate of H.I.G. Capital, a leading global alternative investment firm with $43 billion of equity capital under management, provided a new First-Lien Credit Facility to Inspired Beauty Brands, Inc. (“IBB” or “the Company”). Founded in 2010 and headquartered in New York, IBB is a leading provider of haircare products in the U.S. and around the world.
“IBB is pleased to partner with WhiteHorse Capital to support our organic growth as well as benefiting from their experience and access to incremental financing as we execute on our acquisition strategy,” said Jeff Sieglen, President of IBB.
John Yeager, Managing Director at WhiteHorse Capital, added, “We are excited to partner with IBB. We look forward to further supporting the management team as they execute their growth strategy.”
About IBB
IBB is a leading provider of premium, branded haircare products. The Company owns well-known haircare brands – HASK and Jhirmack – that are sold in over 200 retailers in 70 countries around the world. IBB products utilize high quality ingredients and fragrances that are designed to treat and repair all hair types.
About WhiteHorse Capital
WhiteHorse is the direct lending affiliate of H.I.G. Capital, a leading global alternative assets investment firm with $43 billion of equity capital under management.* WhiteHorse provides debt financing to middle market companies across a broad range of industries, including business services, manufacturing, healthcare, retail, food/agriculture, and specialty finance. WhiteHorse has a broad investment mandate and provides senior and subordinated debt for refinancings, growth capital, acquisitions, buyouts, and balance sheet recapitalizations. WhiteHorse professionals, across the U.S. and Europe, have extensive experience and a proven track record of providing creative financing structures and employing a long term relationship oriented portfolio management philosophy. For more information, please visit www.whitehorsecapital.com.
* Based on total capital commitments managed by H.I.G. Capital and affiliates.