A team of attorneys from Goodwin Procter advised clients Charlesbank Capital Partners and Webster Capital in their recent acquisition of OneStopPlus Group, a catalogue retailer and online marketplace for plus sized consumers. The company was acquired from Paris-based sports and lifestyle company PPR S.A. Terms of the transaction were not disclosed.
OneStopPlus, based in New York, is the first online fashion mall for plus sizes and has over 10,000 products in 70 sizes from leading American and European plus size fashion designers. The company includes retail apparel lines for both men and women.
Charlesbank, based in Boston, Mass., is a private equity firm with more than $2 billion in assets. The firm is focused on the middle market and partners with strong management teams to acquire and build fundamentally strong businesses. Charlesbank was founded in 1998 by a group of investment professionals who previously managed a portfolio for Harvard University together. The senior team has worked together for an average of 18 years and has invested $2.3 billion in 40 companies since leaving Harvard.
Waltham, Mass.-based Webster Capital is a private equity firm that provides equity financing, expertise and broad contact network for management buyouts and growth capital. The firm partners with profitable branded companies in the Consumer, Business to Business and Healthcare Services sectors. Webster was formed in 2002.
The Goodwin team advising Charlesbank on the transaction included partners James Curley (corporate), William Whitledge (tax), Brad Smith (labor and employment), Jeff Klein (IP) and Lynne Barr (consumer financial services).
John LeClaire (corporate) advised Webster on the transaction.
Additional information about the transaction is included in the Charlesbank press release.