Norwest Mezzanine Partners Supports Shoreview Industries’ Investment in Mori Lee
July 29, 2014
Minneapolis, Minnesota – Norwest Mezzanine Partners (NMP) has announced that it has contributed subordinated debt and equity to support ShoreView Industries in its acquisition of Mori Lee, an international designer, manufacturer and distributor of special occasion dresses, primarily for the wedding industry.
For over 60 years, Mori Lee has been designing, manufacturing and distributing America’s most popular wedding gowns through three generations of family guidance and currently serves a diverse international customer base of over 4,500 wedding and specialty dress stores.
“As a leader within its industry for high quality design and manufacturing, the Mori Lee management team has built an exceptional reputation, with long-term customer relationships, and excellent financial performance,” stated Carter Balfour, a NMP partner. “On behalf of the entire NMP team, we are excited to work with ShoreView Industries again to support this transaction as well as future growth opportunities.”
Tom D’Ovidio, a ShoreView partner, stated, “On behalf of the entire ShoreView team, we are very pleased to partner with NMP in another investment. As a strong, proven investment partner, we value that NMP consistently demonstrates flexibility and support throughout the entire transaction process.”
Mori Lee is headquartered in New York, NY and has distribution facilities in Las Vegas, NV and Newark-on-Trent, UK. Please visit www.morilee.com to learn more. Mori Lee owns two production facilities near Jakarta, Indonesia.