WHP Global, a New York-based brand management firm, raised $375M in Equity investment.
The round was led by Ares Management Corporation (NYSE: ARES) providing significant growth capital for WHP Global’s next wave of brand acquisitions. The transaction values WHP Global at $1.6 billion. As part of the transaction, Jordan Smith and Aaron Rosen, Partners in the Ares Private Equity Group will join WHP Global’s Board of Directors.
The company intends to use the funds to accelerate growth and expand operations.
Founded in 2019 by retail industry veteran Yehuda Shmidman together with funds managed by Oaktree Capital Management, L.P. and òed by CEO Yehuda Shmidman, WHP Global acquires global consumer brands and invests in high-growth distribution channels including digital commerce platforms and global expansion. WHP Global owns Anne Klein, Joseph Abboud, Joe’s Jeans, Isaac Mizrahi, William Rast, Lotto, Toys”R”Us, Babies”R”Us and a 60% interest in the Express® brand. Collectively, the brands generate over USD $6.5 billion in global retail sales. The company also owns WHP+, a direct to consumer digital e-commerce platform for brands, with full in-house operations including technology, data analytics, logistics, creative and digital marketing and WHP Solutions, a sourcing agency based in Asia.