Mitchell Gold + Bob Williams receives $25 million in financing
Cindy W. Hodnett -- Furniture Today, December 12, 2012
NEW YORK — Mitchell Gold + Bob Williams has received $25 million in debt financing from Salus Capital Partners, which the furniture source said will help with its operations and growth.
In a statement, the company said it will use the financing for working capital and general corporate purposes.
"Both Bob and I, and our partners at Wafra, are pleased to enter into this new arrangement with such a highly professional lending group like Salus," said Mitchell-Gold, co-founder and chairman. "This gives us the opportunity to operate more efficiently and effectively, and maximize our growth plans."
"Salus has a proven track record of enabling companies to make the most of their opportunities so we are certainly pleased to have been able to work out this new arrangement," said Eric Norfleet, managing director of Wafra Partners.
"To be partnering with Mitchell, Bob and Wafra Partners on this financing is truly a privilege for us at Salus Capital Partners," said Marc S. Price, senior vice president at Salus. "Since the inception of the company, Mitchell and Bob have remained committed in their approach of furniture design with an emphasis on delivering comfortable and stylish home furnishings for a reasonable price. This emphasis has been instrumental in their success and is aligned perfectly with our dedicated and customized product offering for the furniture industry."