NEW YORK, New York - Fabrics & Furnishings International recently learned that Wolf-Gordon Inc., a leading designer and distributor of wallcoverings in a variety of materials, has partnered with Corinthian Capital Group, LLC to complete an investment and recapitalization of the business. The current management of Wolf-Gordon will retain day-to-day control of the company and will continue to service customers in the hospitality, retail, office and health care segments. Corinthian Capital Group, LLC is a New York based equity firm specializing in investments in small and middle market companies.

According to Gerson Guzman, director at Corinthian Capital, the negotiations began this year when the investment firm and Wolf Gordon were put in touch by a mutual contact. He indicated that the investment would support Wolf Gordon in its expansion, as well as give the owners an opportunity to diversify their own portfolios by taking some money ''off the table.'' In return, Corinthian would benefit along with the growth of Wolf Gordon. ''We back great management teams in wonderful niches, and I think that Wolf Gordon meets that set of criteria very clearly,'' he said. ''Management at Wolf Gordon will retain day-to-day control of the company as we support their growth. We don't have anything to do with their business - they're going to continue doing what they've been doing, and everyone will benefit as the company continues to grow.'' As Corinthian does with every prospective partner, the firm researched the wall-covering industry before any negotiations were made. ''I think you read a lot of headlines about the end of the real estate market but the reality is that wall-covering is very important in hospitality, healthcare and the office, and those are areas that are continuing to grow steadily, by about 4.8 percent.'' Guzman said. ''We are very confident in their ability to thrive.''