SILVER STAR
SILVER STAR
Family Investment Office
Est. 2004
Silver Star is a Family Investment Office. Since 2004, we have focused on creating added value by investing and developing our portfolio to meet our long-term financial goals.
We invest our family money as well as with partners who share our values and goals.
Underwear, Sleepwear, Legwear, Branding, Beauty, Active Accessories
Commercial, Residential, Warehouses
Pre-revenue, post-revenue and distressed stage investments
Minimum of $250,000 at 12% interest or greater, based on lending committee review
Commercial assets only • Maximum LTV 50%
Our team is comprised of professionals with extensive experience across business operations, legal affairs, real estate development, and financial management.
We maintain a diligent and thorough approach to all investments, conducting comprehensive due diligence and risk assessment for every opportunity.
Ethics and integrity form the foundation of our business practices. We are committed to transparent dealings and long-term value creation for all stakeholders.
Transaction Value: Up to US$130 million
Parties: Global Brands Group Holding Limited (HK Stock Code: 787)
On November 5, 2015, GBG USA, an indirect wholly-owned subsidiary of Global Brands Group Holding Limited, entered into an Asset Purchase Agreement with PS Brands, the Members and the Stockholder to acquire the Business for total consideration not exceeding US$130 million (approximately HK$1,014 million).
The consideration structure comprised: (i) an initial payment of approximately US$33.6 million (approximately HK$262.1 million), and (ii) a performance-based contingent amount of up to US$96.4 million (approximately HK$759.1 million).
PS Brands, operating as "Planet Sox", is a leading hosiery company with licensed and owned brands across multiple categories including socks, legwear, baby shoes and related accessories. The company's portfolio includes licenses from Disney, Nickelodeon, Hasbro, Fila, Head Sport, Kate Spade, Nanette Lapore, and Kensie.
Distribution channels include mid-tier and better department stores, mass market accounts, athletic footwear chains, specialty stores and off-price retailers.
| Year Ended | Net Sales | Pre-Tax Profit | After-Tax Profit |
|---|---|---|---|
| December 31, 2014 | US$100.2M | US$8.7M | US$8.6M |
| December 31, 2013 | US$83.4M | US$7.9M | US$7.8M |
All figures based on unaudited management accounts prepared in accordance with US GAAP.
Clarendon House
Church Street
Hamilton HM CX
Bermuda
Registration Number: G81365101
Legal Name: Silverstar Holdings Ltd.
Email: [email protected]