New Waverly parent on buying spree
By Staff -- Home Textiles Today, 3/14/2007 12:40:00 PM
It appears the brand management and acquisition company intends to keep up the pace. Yesterday, NexCen announced a master loan agreement with BTMU Capital Corporation that will allow the brand house to borrow up to $150 million for strategic acquisitions.
Last June, the company – then named Aether Holdings – acquired UCC Capital Corp., an equity investment firm that also structures financing for intellectual property deals. Aether, then operating as a mortgage-backed securities business, changed its name following the transaction.
Today, NexCen focuses retail franchising, consumer branded products, and quick service restaurant franchising.
In recent months, NexCen has acquired the Bill Blass brand and The Athlete’s Foot international franchise as well asMaggieMoo's International and Marble Slab Creamery Inc., both established brands in the hand-mixed premium ice cream category
NexCen’s strategy is to generate royalties at wholesale and retail and through its owned channels “without the loss of sales in third party channels,” according to company.
NexCen president and ceo Robert W. D’Loren said last November the company would move to “quickly assemble a portfolio of recognizable consumer and franchise brands which will give us the opportunity to create value for our shareholders.”
The company plans to report its fourth-quarter and fiscal year results on March 16.
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