Investment Summary

Firelight Capital Partners and Satori Capital Invest In Hobo

On November 5, 2019, private equity firms Firelight Capital Partners and Satori Capital invested in consumer products company Hobo

Investment Highlights
  • This is Firelight Capital Partners’ 2nd and Satori Capital’s 2nd transaction in the Consumer Products sector.
  • This is Firelight Capital Partners’ 2nd and Satori Capital’s 12th transaction in the United States.
  • This is Firelight Capital Partners’ 1st and Satori Capital’s 1st transaction in Maryland.

Investment Summary

Date 2019-11-05
Target Hobo
Sector Consumer Products
Investor(s) Firelight Capital Partners
Satori Capital
Deal Type Growth Capital

Target

Hobo

Annapolis, Maryland, United States
Hobo is a designer and manufacturer of branded craft leather bags, leather accessories. The company products include handbags, wallets, jackets, office bags and travel bags. Hobo was founded in 1991 and is based in Annapolis, Maryland.

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Investor(S) 2

DESCRIPTION

Firelight Capital Partners is a private equity firm focused on high-growth, North American-based consumer and retail companies. Specific areas of interest include apparel/footwear/accessories, health & wellness, pet, beauty/personal care, and food/beverage. The Firm will consider majority or minority positions and targets investments of $10 to $25 million in companies with up to $100 million in revenues. Firelight Capital Partners was formed in 2016 and is based in Fort Lauderdale, Florida.


DEAL STATS #
Overall 2 of 3
Sector: Consumer Products M&A 2 of 3
Type: Growth Capital M&A Deals 2 of 2
State: Maryland M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-18 Three Dog Bakery

Kansas, Missouri, United States

Three Dog Bakery is a manufacturer, marketer, and distributor of premium, all-natural dog treats, and food made with high quality and wholesome ingredients. The company develops and sells a wide range of baked, all-natural treats, and provides a complete offering, including all-natural, slow-baked biscuits, dog-training treats, soft-baked cookies, meat-based treats, dry and wet dog food. Three Dog Bakery was founded in 1989 and is based in Kansas, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-03 Fromm International

Mount Prospect, Illinois, United States

Fromm International is a manufacturer and distributor of shears, salon apparel, hair accessories, brushes, combs, foil, gloves and towels used by both professionals and consumers. Company-owned brands include Fromm Pro, The Hair Edit, and Diane. Fromm International was founded in 1907 and is based in Mount Prospect, Illinois.

Buy -
Investor

Satori Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Satori Capital is a private investment firm that looks to partner with management teams to pursue profitable, growth-oriented companies with $5 to $50 million of EBITDA. The Firm does not have any sector preferences and generally looks for situations where there is an opportunity for accelerated growth. The Firm will consider majority or minority positions and prefers businesses operating in the US. Satori Capital was formed in 2008 and is based in Dallas, Texas.


DEAL STATS #
Overall 12 of 18
Sector: Consumer Products M&A 2 of 3
Type: Growth Capital M&A Deals 4 of 10
State: Maryland M&A 1 of 1
Country: United States M&A 12 of 18
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-11 Able Machinery Movers

Grapevine, Texas, United States

Able Machinery Movers is a heavy machinery moving and rigging company that serves customers in a variety of sectors, including manufacturing, medical, semiconductor, food, and beverage. Able prioritizes completing projects safely, on time, and within budget, and its customers rely on Able’s experience placing machinery in areas with limited maneuverability, as well as its ability to work in sensitive environments such as data centers, clean rooms, and hospitals. Able Machinery Movers was founded in 1957 and is based in Grapevine, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-29 Second Mile Education

Orlando, Florida, United States

Second Mile Education operates and manages 19 high school dropout prevention and recovery programs (DPRPs) in Florida, North Carolina, and Georgia. The company provides an alternative learning environment for nearly 6,000 students who have dropped out or are at risk of dropping out. Second Mile Education is based in Orlando, Florida.

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