financing

Retail
Instacart Gains New Financing

Instacart said it has raised $200 million as part of a new financing round led by existing investors Valiant Peregrine Fund and D1 Capital Partners. The investment comes as consumer demand for Instacart’s online grocery delivery and pickup services continues to grow and the company expands its marketplace with new and existing retail partners.

Retail
Sur La Table Gains Credit Facility

Second Avenue Capital Partners has provided a $35 million senior secured credit facility to a joint venture of Marquee Brands and CSC Generation in support of their newly acquired kitchenware retailer Sur La Table. Proceeds from the transaction are being used to provide additional working capital and support growth.

Retail
Instacart Gains New Funding To Expand Growth Plans

Instacart has raised $225 million as part of a new financing round led by DST Global and General Catalyst, with existing investor D1 Capital Partners participating. The investment comes as Instacart continues to experience a surge in customer demand for grocery delivery and pickup.

Retail
Macy’s Secures Financing But Signals Q1 Loss

Macy’s has secured new financing to shore up its business, while revealing that its preliminary sales and earnings results for the first quarter included a loss and lower sales, although it said e-commerce and reopened stores are performing well.

Retail
Tuesday Morning Secures Additional Reorganization Financing

Tuesday Morning said that the company has obtained a commitment from BRF Finance Co., LLC, an affiliate of B. Riley Financial, Inc., for $25 million of debtor-in-possession financing as required by the company’s current $100-million DIP agreement with its existing lender group. With this commitment, the company has secured commitments for a total of $125 million to support the continuity of operations during Chapter 11 proceedings.

Tabletop
Ember Receives Funding From Crescent Cove

Ember Technologies, manufacturer of a temperature controlled smart ceramic mug, has received debt financing from Crescent Cove Advisors. The transaction closed in the second quarter of 2019 and Crescent Cove provided all committed financing for the transactions.

Retail
Synchrony Expands Partnership With Qurate

Qurate Retail Group’s HSN has selected Synchrony as its strategic provider of private label credit card services beginning in August 2019. HSN will replace its current financing provider with Synchrony’s services.

Retail
Houzz Gains New Financing To Accelerate Growth

Houzz, a home remodeling website and e-commerce retailer of home furnishings and housewares, has closed $400 million in Series E financing, with the deal led by ICONIQ Capital, as the company looks to accelerate its growth initiatives.

Retail
At Home Launches Consumer Financing Program

At Home is offering a new consumer financing program through Synchrony Financial. The two companies have reached a multi-year agreement to provide qualifying cardholders with dual card and private label credit cards beginning in spring 2017.

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