Equity firms finalize OneStopPlus Group´s acquisition

Charlesbank Capital Partners and Webster Capital

announced Tuesday the finalization of the acquisition of OneStopPlus Group ("OSP"), a transaction first announced in December.

The NYC-based catalog retailer was a subsidiary of Redcats, owned by French luxury goods giant PPR. Charlesbank partnered with Webster Capital on the transaction, which was funded with both equity and debt. The OSP management team will also co-invest in the transaction.

Commenting the news, Andrew Janower, Charlesbank Managing Director, said, "We are delighted to have closed this transaction and look forward to working with OSP's management team to continue building the leading direct-to-consumer platform for the plus-size customer. We are excited by the opportunity to expand OSP's business through both organic growth and strategic acquisitions."

"Webster believes that OSP has a strong management team and a compelling position in the marketplace," said Don Steiner, Managing Partner of Webster Capital. "We are enthusiastic about our continued partnership with Charlesbank and confident that we can help provide resources and expertise to grow OSP."

Sylvain Desjonquères, Chief Executive Officer of the OSP Group, said, "We are very pleased to have found partners who share our vision of the growth opportunities available to the OSP Group. We look forward to doing even more to provide the plus-size customer with the best product, fit, selection, shopping experience and customer service in the market."

Consensus Advisors acted as financial advisor and Goodwin Procter acted as legal advisor to

Charlesbank and Webster in the transaction. For PPR, Peter J. Solomon Company acted as financial advisor and Wachtell, Lipton, Rosen & Katz acted as legal advisor.