CHICAGO, IL--(Marketwired - Jan 6, 2014) - The Peakstone Group announced that it has served as exclusive financial advisor to Alliance Time Holdings and Ashford.com on an approximately $70 million shareholder recapitalization transaction.
Alliance Time is the leading wholesaler and Ashford.com is the leading online retailer of luxury watches and specialty jewelry, distributing thousands of products from over a hundred suppliers in over a hundred countries.
"We selected Peakstone because they are very knowledgeable and experienced in e-commerce and understood our business, growth opportunities and shareholder objectives. They helped us work through a range of alternatives, and we feel that we ended up with the right partners and capital structure, providing us flexibility to expand our capital base as we grow globally," said Mozes Hoch, Chief Executive Officer of Alliance and Ashford.com.
About The Peakstone Group
The Peakstone Group is a world class investment banking firm focused on the middle market. Peakstone specializes in mergers and acquisitions advisory, exclusive sales and capital raising. Peakstone's ability to support its clients' objectives with capital is the foundation of its business and strategy. Peakstone also makes direct equity investments. For additional information, please visit our website at www.peakstonegroup.com.