Moda Operandi is making some major moves after bringing on Jim Gold as CEO. The luxury e-tailer has secured a significant investment coming from new investors, including G Squared, and existing investors including New Enterprise Associates, and Andrés Santo Domingo, husband to Moda Operandi founder, Lauren Santo Domingo.
The investment deal was aided by restructuring specialist Gordon Brothers, which worked with Consensus, an investment banking firm, to extend Moda Operandi a 13 million dollar loan. Gordon Brothers provides both short- and long-term transition capital leveraging its expertise as market makers across all asset categories. Each capital solution is crafted on a deal-specific basis with consideration of borrowers’ needs and in support of their goals.
“The Gordon Brothers team was remarkable to work with,” said Stephanie Roberts, interim chief financial officer at Moda Operandi, in a statement. “This was one of the best executed financings I’ve been through as they kept the process simple, straightforward and executed exactly what they said they would from the beginning.”
“Led by an innovative team, Moda Operandi has consistently established itself as a leading platform for fashion discovery,” said Kyle C. Shonak, managing director at Gordon Brothers, in a statement. “In partnership with Consensus, we achieved the best outcome for the online fashion retailer.”
“The Gordon Brothers team played a significant role in helping reach a positive outcome for Moda Operandi,” said Michael O’Hara, managing member at Consensus, in a statement. “Their domain expertise, hard work and flexibility yielded the liquidity we needed to run a full marketing process, and we sincerely thank them for their partnership on this project.”