Luxury fashion and sports brand Perfect Moment has today announced it has closed a $6m bridge loan to support its rapid growth and provide funding for international expansion, as it prepares for an initial public offering (IPO) on Nasdaq later this year.
Perfect Moment is best known for its high-end skiwear and swimwear, with celebrity fans of the brand including Kim Kardashian, HRH Duchess of Cambridge, Reese Witherspoon, Rita Ora, Michael Fassbender and Bradley Cooper.
Perfect Moment CEO, Negin Yeganegy, commented: “We have ambitious plans for Perfect Moment and this financing reflects the confidence in our vision. As a brand, Perfect Moment has gained global recognition for our high quality, distinctly fashionable apparel which we plan to build upon to create a recognisable, highly regarded international fashion icon. I am confident the steps we are taking now will position us well for years to come.”
Perfect Moment Chairman, Max Gottschalk, added: “Closing this financing is an exciting step for Perfect Moment as it will allow the company to execute on various attractive growth opportunities. We plan to pursue a Nasdaq IPO later this year which will greatly enhance our access to capital as well as broaden our shareholder base.”
Laidlaw Venture Partners acted as the exclusive introducing broker on the transaction, while Montrose Capital Partners acted as the sponsor.
Perfect Moment was founded in Chamonix, France, in 1979 by Thierry Donard, French racer turned filmmaker, and is currently headquartered in London.