Partnered with a strong management team of a founder-owned business to significantly ramp up store openings leading to strong 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 experience 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)
