Breakwater Investment Management, a lower-middle-market investment firm, has closed a $6 million growth capital financing for LSC Apparel (dba Planet Blue). Planet Blue is a Santa Monica-based designer and distributor of contemporary casual fashion apparel, jewelry and accessories. The company sells under its own brand names, Blue Life and Blu Moon, as well as through complementary third-party brands. The financing will help boost its e-commerce sales and prime branded wholesale lines. Breakwater has some experience in the space, including an investment in accessories maker Bleach Group earlier this year.
