SOURCE: New Stream Capital

February 25, 2008 13:15 ET

New Stream Capital Provides IP-Based Financing to Paul Frank Industries

RIDGEFIELD, CT--(Marketwire - February 25, 2008) - New Stream Capital announced today that it has provided financing to Paul Frank Industries, the California-based apparel designer and retailer beloved worldwide for its witty and whimsical designs.

Secured by Paul Frank's strong intellectual property portfolio, accounts receivable and inventory, the loan will provide working capital to support the company's continued growth.

A well-regarded apparel brand, Paul Frank is the company behind the highly recognized and adored character Julius the Monkey. The company's brands include Paul Frank, Julius & Friends and Small Paul.

"Paul Frank has a distinctive brand poised for long-term growth," said Donald Porter, managing partner of New Stream Capital. "We are proud to support the company's continued expansion as a strong lifestyle brand with a global retail presence." Paul Frank's collections are already available at top retailers worldwide, including Nordstrom, Bloomingdales, Macy's, Colette (France), Selfridges (London), Beams (Japan), and 14 Paul Frank stores worldwide. "In the future, we hope to see Julius swinging from every tree," concluded Porter.

About New Stream Capital: New Stream Capital, based in Ridgefield, Connecticut, is a private investment firm focused on providing funding solutions for unique, complex and opportunistic transactions for a wide range of industries. These direct investments offer customized structured finance solutions for growth capital, working capital, acquisition, project finance, regulatory capital, and other specialty finance opportunities. (www.newstreamcapital.com)

About Paul Frank Industries: Paul Frank Industries began as an accessories company more than a decade ago in Huntington Beach, California. Born out of the need for a fun outlet celebrating creativity and individuality, PFI has acquired a cult following of people who enjoy this company's witty take on everyday objects. Paul Frank Industries has expanded to include men's and women's wear, plus a children's line called Small Paul. Paul Frank Industries has collaborated with musical talents such as Foo Fighters and Weezer. It has also collaborated with the estates of Andy Warhol and Elvis Presley. The whimsical designs have received excellent visibility in numerous cinematic blockbusters, including "Austin Power's 1 & 3," "Charlie's Angels 2," and "American Pie 1 & 2." (www.paulfrank.com)

Contact Information

  • Contact:
    Tara A. Bryson
    New Stream Capital
    203.431.0330 x814