Alternative Apparel's New Deal
Norcross, Ga.–based T-shirt maker Alternative Apparel formed a partnership with San Francisco–based investment company Rosewood Capital, granting Rosewood a non-controlling equity position in Alternative Apparel. Terms of the agreement were not disclosed, but the deal calls for Alternative Apparel’s existing management team to remain in place, including Alternative Apparel’s founder, chief executive officer and creative director, Greg Alterman, and its chief operating officer and co-owner, Evan Toporek, who will continue to own “a significant portion of the company.” TM Capital Corp.—an independent investment-banking firm based in New York, Boston and Atlanta—served as Alternative Apparel’s financial advisor for the deal with Rosewood.
