Altamont Capital Partners invests in The Robert Allen Group
June 9, 2011,
New York - Private equity fund Altamont Capital Partners has made an equity investment in fabric and furnishings house The Robert Allen Group.
The size of the investment was not disclosed, but Robert Allen said in a release that the Cordover family maintains a significant and ongoing ownership stake in the business.
Altamont, based in Palo Alto, Calif., is a $500 million private equity fund. Robert Allen is the firm's second investment from its inaugural investment fund.
"We are highly enthusiastic about the combination of strategic guidance and financial backing that Altamont offers our business," said Robert Allen's chairman and ceo, Jeff Cordover.