Irving Place Capital has recapitalized Bendon Inc.
Bendon Inc. is a leading provider of children’s entertainment and educational products, including coloring and activity books, educational workbooks, puzzles and other child development products. Bendon provides a vast product offering targeted at parents, caregivers and educators primarily for use by children ages two to eight. The company maintains longstanding partnerships with leading children’s brands and content providers. Bendon’s business is driven by high-value and low price point consumable products, which are well-penetrated through mass, value and specialty channels with more than 85,000 points of distribution.
Chad Basquin, Chief Financial Officer of Bendon, commented, “The successful financing transaction is reflective of Bendon’s strong momentum and allows the company to continue its pursuit of key growth initiatives. We are excited to have a new lender relationship and look forward to the future of the company.”
Lincoln acted as the exclusive financial advisor to Bendon, working closely with the management team and shareholders throughout the process to close this important financing transaction, providing the company with flexibility to continue and accelerate its growth. This included providing advisory expertise and managing the marketing, negotiation and due diligence phases of the transaction. The terms of the transaction were not disclosed.
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