SOURCE: The Peakstone Group & Ashford.com

The Peakstone Group & Ashford.com

December 18, 2014 12:43 ET

Closed Deal Announcement -- Peakstone Serves as Exclusive Financial Advisor to Ashford.com on Recapitalization Transaction With Prudential Capital Partners

CHICAGO, IL--(Marketwired - Dec 18, 2014) -  Peakstone serves as exclusive financial advisor to Ashford.com on recapitalization transaction with Prudential Capital Partners. Ashford.com is the leading global online retailer of fine watches and specialty jewelry, and sells thousands of products from over 70 brands in over 100 countries annually.

"Peakstone has been an important trusted advisor as we execute on our global strategy. Peakstone delivered and demonstrated unparalleled capabilities in its knowledge of e-commerce, understanding of our business and shareholder objectives as well as access to global capital partners during the process. Peakstone's leadership and guidance enabled us to complete a transformational transaction that positions us for the next phase of our global growth," said Mozes Hoch, Chief Executive Officer of Ashford.com.

"From an investor's perspective, Peakstone's e-commerce and execution capabilities were extremely helpful to us. Their ability to get us involved and efficiently lead the due diligence and negotiation process led to a successful transaction close," said Mark Hoffmeister, Managing Director and Principal, Prudential Capital Partners.

Peakstone has the leading middle market practice in E-Commerce and has completed numerous transactions in the sector.

Terms of the transaction were not disclosed. 

About The Peakstone Group

The Peakstone Group is an investment bank that specializes in mergers and acquisitions advisory and capital raising for middle market clients. Our ability to support our clients' objectives with capital is the foundation of our business and strategy. Our team is comprised of senior investment banking professionals who have decades of experience and have executed hundreds of transactions totaling billions of dollars. For additional information, visit www.peakstone.com or contact Carolyn Henson at chenson@peakstone.com or 312-204-7300. 

About Prudential Capital Partners

Prudential Capital Partners is the middle-market mezzanine and structured equity business sponsored by Prudential Capital Group. Prudential Capital Group has been a leading provider of private debt, mezzanine and equity securities to companies worldwide for more than 70 years. Managing a portfolio of $69.1 billion as of September 30, 2014, Prudential Capital offers senior debt and mezzanine capital, leveraged leases, credit tenant leases, and equipment finance to companies, worldwide. The global regional office network has locations in Atlanta, Chicago, Dallas, Frankfurt, London, Los Angeles, Minneapolis, Newark, N.J., New York, Paris and San Francisco. For more information, please visit www.prudentialcapitalgroup.com.

Contact Information

  • For additional information about this transaction contact:

    Anup Agarwal
    Managing Director
    Email Contact

    Alex Fridman
    Managing Director
    Email Contact