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Congratulations to JPB Capital Partners! On March 28, JPB successfully completed a majority investment in South Moon Under, a unique and contemporary fashion retailer operating 24 stores from Virginia to Connecticut. JPB partnered with NewSpring Capital, a Radnor, PA-based private equity investor, and the former executive management team of White House|Black Market – Michael Smith, Patricia Smith and Rod Olson – on the investment.
A multi-office, multi-disciplinary Womble Carlyle team led by Newt Fowler and Scott Bowers represented JPB Capital Partners in the successful investment. Jan Baldwin, Mike Cashin, Elisa Cawood and Mike Dow provided invaluable assistance in the transaction, which saw contributions from the firm’s Atlanta, Baltimore, Charlotte, Raleigh, Tysons Corner, and Winston-Salem offices.
JPB is a leading equity investor in lower-middle market companies located primarily in the Mid-Atlantic and Southeast U.S. Since its founding in 1995, JPB has deployed more than $200 million across 36 platform companies in the food, beverage, restaurant, personal care, retail and consumer health sectors.
Click here to read JPB’s press release on the investment.
Newt Fowler’s practice includes all aspects of business planning and advisory services, private equity and venture financings (for both funds and issuers), mergers and acquisitions, joint ventures and complex commercial transactions, and technology and intellectual property issues, including commercialization strategies, licensing, protection, and other technology transactions. He also advises many of the Baltimore region’s leading technology companies and investment funds on organization and structure, financing strategies and investments, equity distribution and rights, and other transactional matters.
Scott Bowers advises companies on transactions and commercial matters, including mergers and acquisitions, financing transactions, and complex contractual arrangements. He has significant experience advising public and private companies on acquisition finance, commercial real estate leasing, commercial contracting and general corporate governance matters.
Jan Baldwin helps companies navigate the myriad of technical rules governing employee benefit plans and executive compensation arrangements. She devotes her time to advising large to mid-sized employers, both public and private, in the design, drafting, implementation, and administration of tax-qualified retirement plans, health care plans, nonqualified deferred compensation arrangements, and executive compensation arrangements, including executive employment agreements and equity-based compensation plans.
Mike Cashin concentrates his practice on all areas of federal and state tax matters. Cashin has provided tax advice in the structuring of mergers, acquisitions and dispositions, securities disclosures, corporate and partnership formation, bankruptcy and insolvency, private equity and venture capital transactions, and tax exempt organization formation and compliance.
Elisa Cawood is an Employee Benefits/ERISA attorney having broad experience with both retirement and welfare plans and related compliance issues for a variety of clients.
Mike Dow represents issuers, borrowers, lenders, underwriters and other participants in taxable and tax-exempt transactions for economic development, energy, manufacturing, transportation, athletic facility and health and higher education projects, among others. In addition, Dow devotes a substantial portion of his practice to structuring and negotiating energy efficiency and other renewable energy project financings.
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