Growth Stories

Francesca’s Collections

Houston, Texas

Status: Realized

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Partnered with a strong management team of a founder-owned business to significantly ramp up store openings leading to exceptional revenue and EBITDA growth and a successful initial public offering

CCMP invested in Francesca’s, a U.S. women’s specialty value retailer, in 2010. Francesca’s boutiques offer an eclectic mix of high-quality, trend-right apparel, jewelry, accessories and gifts at affordable prices.

Opportunity and Why CCMP

  • Under-penetrated concept with strong unit economics and national scale potential
  • Compelling value proposition with strong performance even in challenging economic environments
  • Long-standing relationship with strong management team and founders
  • Deep expertise in specialty retail and growing entrepreneurial, founder-owned businesses

Value Creation

  • More than doubled number of stores during CCMP’s ownership
  • CCMP assisted CEO in augmenting senior management team
  • Build-out of corporate infrastructure and financial reporting to prepare for IPO
  • Improved inventory management and upgraded corporate and store-level systems

Results

  • Significant revenue, EBITDA and same store sales growth during CCMP’s ownership
  • Initial public offering in 2011 (NASDAQ: FRAN)