Houlihan Lokey Advises Obsession Holdings

Houlihan Lokey is pleased to announce the successful placement of a senior secured credit facility for Obsession Holdings, Inc. (Obsession), a portfolio company of Kingswood Capital Management, L.P. (Kingswood). Proceeds from the transaction were used to refinance existing indebtedness and support a shareholder distribution. The transaction closed on June 26, 2026.

Headquartered in Miramar, Florida, Obsession is a leading U.S. pure-play fragrance retailer, operating more than 280 stores across 39 states under the Perfumania and The Fragrance Outlet banners. The company offers a broad assortment of 4,000+ SKUs, including authentic designer and proprietary fragrances.

Kingswood is a private investment firm based in Los Angeles that partners with leading companies in the middle market that stand to benefit from its capital and extensive operating resources. Kingswood embraces complexity and believes it is well positioned to support businesses at inflection points in their development to enhance value. Kingswood is a cohesive, entrepreneurial team with a long history of shared success developing “win-win” partnerships with its portfolio companies and management teams.

Houlihan Lokey’s Capital Solutions Group acted as the exclusive placement agent to Obsession, advising the company on the structuring, arrangement, and negotiation of its financing. Houlihan Lokey executed an efficient process, leveraging deep relationships with disciplined capital providers to create competitive tension and deliver a tailored financing solution.

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