Graycliff Announces Credit Investment in Palmetto Moon

Graycliff Partners LP announced that it has completed a subordinated debt investment and minority equity investment in Palmetto Moon, LLC, a specialty retailer with more than 50 stores across the Southeastern United States. Proceeds from the transaction were used to fund a distribution to shareholders and for general corporate purposes. Palmetto Moon is a portfolio company of Topspin Consumer Partners. 

Founded in 2002 and headquartered in Charleston, South Carolina, Palmetto Moon operates 51 stores across eight states and serves consumers with an active and outdoor lifestyle. The company offers a broad assortment of apparel, accessories, footwear, gifts, and seasonal merchandise. Palmetto Moon leverages a proprietary merchandising strategy to optimize inventory performance while delivering a distinctive in-store customer experience.

“We are excited to partner with the Palmetto Moon and Topspin teams on this transaction,” said Brian O’Reilly, Partner at Graycliff Partners. “Together, they have built an impressive business with a loyal customer base and a strong reputation as a leading Southern lifestyle retailer. We look forward to supporting the management team as the company enters its next phase of growth.”

“The Graycliff team was a pleasure to work with," said Ojas Vahia, Partner at Topspin Consumer Partners. "They were pragmatic and efficient, and we look forward to working with them on future transactions”.

Stephens served as exclusive financial advisor to Palmetto Moon in connection with the transaction.