Sun Capital’s Kellwood Makes Another Deal

Florida-based Sun Capital Partners’ asset Kellwood Company struck another deal Wednesday, buying Rebecca Taylor, a women’s sportswear brand. Terms of the deal were not publicized. Other Kellwood brands include Vince, ADAM, Baby Phat, Phat Farm, Sag Harbor, Briggs NY, Jolt, and My Michelle and licensed brands XOXO and David Meister.

PRESS RELEASE:
BOCA RATON, FL – January 5, 2011 – Sun Capital Partners, Inc. today announced that its affiliated portfolio company Kellwood Company, a leading designer, manufacturer and marketer of premium fashion brands, has acquired Rebecca Taylor, a contemporary women’s sportswear brand distributed in more than 40 countries. Terms of the deal were not disclosed.

Created in 1996 by designer Rebecca Taylor and business partner Elizabeth Bugdaycay, Rebecca Taylor offers premium branded contemporary apparel and accessories, including tops, dresses, knitwear, jackets, outerwear and bottoms. Rebecca Taylor has retail locations in New York, Japan and Hong Kong. Taylor. Bugdaycay will remain with the company.

Rebecca Taylor joins such leading fashion brands at Kellwood as Vince, ADAM, Baby Phat, Phat Farm, Sag Harbor, Briggs NY, Jolt, and My Michelle, as well as licensed brands XOXO and David Meister. Rebecca Taylor is Kellwood’s third add-on acquisition in the past year. In January 2010 it acquired ISIS, an outdoor company focused on women’s performance and casual apparel. In August 2010, Kellwood purchased ADAM, a high-end contemporary clothing business with wholesale, retail and e-commerce outlets.

“Rebecca Taylor brings tremendous brand equity to Kellwood, and it has the right critical mass for growth,” said Christopher H. Thomas, Principal at Sun Capital Partners. “This adds a fresh, well-respected high-end brand to Kellwood’s portfolio. We are pleased to support the growth of Kellwood with this acquisition, and are confident that Rebecca Taylor will benefit from Kellwood’s infrastructure and expertise.”

“I’m so excited to welcome Rebecca and her team to the Kellwood family. We see great potential in Rebecca Taylor and look forward to utilizing Kellwood’s strengths to take this brand to the next level,” said Kellwood President and Chief Executive Officer Mike Kramer.

“My team and I are delighted to become part of the Kellwood portfolio of brands,” said Rebecca Taylor. “This is a fantastic opportunity for both our associates and our overall business, and we look forward to leveraging Kellwood’s size, relationships and resources to continue to grow our business both domestically and internationally.

Sun Capital Partners, a leading private investment firm specializing in leveraged buyouts and investments in market-leading companies, counts a number of leading apparel, retail and consumer businesses among its portfolio, including The Limited, Hickory Farms, Gerber Childrenswear, Hanna Andersson, Gordmans, ShopKo, Pamida, Life Uniform and Edwin Watts Golf Shops.

About Sun Capital Partners, Inc.

Sun Capital Partners, Inc. is a leading private investment firm focused on leveraged buyouts, equity, debt, and other investments in companies that can benefit from its in–house operating professionals and experience. Sun Capital affiliates have invested in more than 250 companies worldwide with combined sales in excess of $40 billion since Sun Capital’s inception in 1995. Sun Capital has offices in Boca Raton, Los Angeles, and New York, as well as affiliates with offices in London, Paris, Frankfurt, Luxembourg, Shanghai and Shenzhen. For more information, please visit www.SunCapPart.com.

About Kellwood Company

Kellwood designs, manufactures, and markets a growing collection of premier fashion brands across a broad range of consumer lifestyles including Vince, ADAM, Baby Phat, Phat Farm, Sag Harbor, Briggs NY, Jolt, and My Michelle as well as licensed brands XOXO and David Meister. Kellwood operates Vince and ADAM retail stores across the U.S. Kellwood is an affiliated portfolio company of Sun Capital Partners, Inc. For more information, please visit www.kellwood.com.

About Rebecca Taylor

Rebecca Taylor’s flirty, modern designs have inspired legions of loyal customers and celebrity clients to indulge their feminine wiles. Her creativity and energy pours into her collections with inspirational references ranging from vintage mod books from the 60’s and 70’s to the words of music, art and entertainment. With an almost obsessive eye for detail and unconventional color sense, Taylor’s clothing flatters and enhances the women who wear them. Season after season, the collection tantalizes customers with perfect prints, great knits, and flirty dresses, which fit into any contemporary woman’s closet. From tailored suits and cocooning coats to ethereal dresses and delicate knits, Rebecca Taylor clothing is a study in contrasts. The collection juxtaposes sexy, modern cuts with playful, feminine details to bring pattern, color and texture to urban wardrobes. Always chic and comfortable, reflecting the confidence and versatility of its global customer. For more information, please visit www.rebeccataylor.com.