Francesca’s Collections
Houston, Texas
FUND
CCMP II
ORIGINAL INVESTMENT
2010
STATUS
Realized
Partnered with a strong management team of a founder-owned business to significantly ramp up store openings leading to strong revenue and EBITDA growth and a successful initial public offering
CCMP invested in Francesca’s, a U.S. women’s specialty value retailer, in 2010. Francesca’s boutiques offer an eclectic mix of high-quality, trend-right apparel, jewelry, accessories and gifts at affordable prices.
CEO Corner
John De Meritt, Former CEO
“CCMP was a critical partner in accelerating the growth of Francesca’s and executing our highly successful IPO. They understand consumer businesses and how to scale them and provided us with valuable insight and support over the course of our partnership. I can’t think of a better investment partner.”
Opportunity and Why CCMP
- Under-penetrated concept with strong unit economics and national scale potential
- Compelling value proposition with strong performance even in challenging economic environments
- Long-standing relationship with strong management team and founders
- Deep experience in specialty retail and growing entrepreneurial, founder-owned businesses
Value Creation
- More than doubled number of stores during CCMP’s ownership
- CCMP assisted CEO in augmenting senior management team
- Build-out of corporate infrastructure and financial reporting to prepare for IPO
- Improved inventory management and upgraded corporate and store-level systems
Results
- Significant revenue, EBITDA and same store sales growth during CCMP’s ownership
- Initial public offering in 2011 (NASDAQ: FRAN)
These endorsements are provided by certain current and former executive officers of portfolio companies that are or were previously owned by certain investment vehicles advised by CCMP Growth and CCMP Capital. None of the executive officers were directly compensated for providing these endorsements. However, as a result of the ownership structure of these portfolio companies and the controlling interest held by the funds advised by CCMP Growth and CCMP Capital, a conflict of interest exists because the executive officers have an incentive to make positive statements about CCMP Growth and/or CCMP Capital and their experiences with CCMP Growth and/or CCMP Capital to maintain the goodwill with CCMP Growth. Please refer to Terms of Use and Disclaimers for important information about CCMP Capital Advisors, LP and CCMP Growth Advisors, LP.
For illustrative purposes only. There can be no assurance any such value creation plan will ultimately be achieved as described herein. Certain statements herein reflect the subjective views and opinions of CCMP Growth and its personnel. Such statements cannot be independently verified and are subject to change. Please refer to Terms of Use and Disclaimers for important information about CCMP Capital Advisors, LP and CCMP Growth Advisors, LP. A complete list of CCMP Capital Advisors, LP investments is available on its website.
