December 2013. The Peakstone Group (“Peakstone”) announced that it has served as exclusive financial advisor to Alliance Time Holdings (“Alliance”) and Ashford.com on an approximately $70 million shareholder recapitalization transaction.
Alliance Time is the leading wholesaler and Ashford.com is the leading online retailer of luxury watches and specialty jewelry, distributing thousands of products from over a hundred suppliers in over a hundred countries.
“We selected Peakstone because they are very knowledgeable and experienced in e-commerce and understood our business, growth opportunities and shareholder objectives. They helped us work through a range of alternatives, and we feel that we ended up with the right partners and capital structure, providing us flexibility to expand our capital base as we grow globally,” said Mozes Hoch, Chief Executive Officer of Alliance and Ashford.com.
For additional information about this transaction, contact:
About The Peakstone Group
Peakstone is an investment bank that specializes in mergers and acquisitions advisory and capital raising for middle market clients. The Peakstone team is comprised of senior investment banking professionals who have decades of experience and have executed hundreds of transactions totaling billions of dollars. Please visit our website, peakstone.com.