The Nicola Wealth Private Debt team, alongside BDC Capital’s Growth & Transition division, is pleased to announce it has co-led a new debt financing for Article, the Vancouver-based designer and online retailer of high-quality home and office furnishings. The proceeds of the financing will allow Article to continue executing on its growth strategy as the furniture ecommerce market in North America continues to expand.
Launched in 2013, Article has increased revenues at an impressive rate over the past five years by investing heavily in growth initiatives and developing a strong brand based on refined product designs, quality manufacturing and an outstanding customer experience. To date, the company has delivered furniture to more than one million homes and businesses across North America while driving significant repeat purchases.
The Nicola Private Debt Fund is an active private lender, managed by the Nicola Wealth Private Debt team, that provides first lien, unitranche and subordinated debt financing primarily to profitable North American middle market companies.
Learn more here: https://nicolawealth.com/private-capital/strategies/private-debt
