Editor’s Note
This article details the recent acquisition of a majority stake in luxury jewelry brand David Webb by private equity firms Pop Capital and Middle West Partners. The deal highlights ongoing investment interest in the high-end retail sector.
In early April, two private equity firms headquartered in New York and Boston, Pop Capital and Middle West Partners, jointly acquired a majority stake in the American luxury jewelry brand David Webb. The specific financial terms of the deal were not disclosed.
In this transaction, the global asset company Gordon Brothers provided Middle West Partners with a total of $30 million in funding ($25 million revolving credit facility and $5 million additional functional portfolio financing) and served as an advisor.
Beyond the acquisition, the funds obtained by Middle West Partners will also be used to support David Webb’s business operations. Middle West Partners was founded in 2022 and is an investment platform focused on consumer retail, sports, and entertainment.
Concurrently, James Weiss has been appointed as the Chief Executive Officer of David Webb. He is currently an investor at Redstone Road and has served as an advisor to the David Webb brand since 2017.
