Capstone Partners served as co-adviser to Comvest Partners (Comvest) on the sale of Robbins Brothers to the executive management team, Main Street Capital Corporation (NYSE: MAIN), and other co-investors.
Comvest, a private investment firm, acquired Robbins Brothers, a Los Angeles-based specialty jewelry store chain focused on the engagement and bridal markets, in 2013. With 15 stores across the Western and Southern US, thousands of styles from the world’s top designers, exclusive designs, and customizable settings, Robbins Brothers is a regional market leader. Founded In 1921—though only operating the Robbins Brothers name since 1995—the company celebrated 100 years in business in 2021.
“It has been a tremendous experience partnering with President and CEO Marc Friedant and the rest of the Robbins Brothers management team to build one of the nation’s premier jewelry retailers,” said Tom Clark, Senior Partner at Comvest.
“Our partnership with Comvest has played a pivotal role in the professionalization of our business, helping deliver strong growth as we broadened our product offering, invested in our stores, and scaled very profitably,” said Mr. Friedant. “We are excited about our new partnership with Main Street Capital, which we are confident will enable our next phase of growth.”
Jesse Betzner, Director and Head of Apparel & Accessories at Capstone Partners, added, “This is a great outcome for Comvest and the Robbins Brothers management team. Main Street is the ideal partner to guide Robbins Brothers on its next phase of growth.”
ABOUT MAIN STREET CAPITAL
Based in Houston, TX, Main Street Capital is a principal investment firm that primarily provides long-term debt and equity capital to lower-middle and middle-market companies. Main Street’s portfolio investments typically support management buyouts, recapitalizations, growth financings, refinancings, and acquisitions of companies across a diverse array of industry sectors. Main Street seeks to partner with entrepreneurs, business owners, and management teams and generally provides “one stop” financing alternatives within its lower middle market investment strategy.
