M&A Deal Summary

Kingswood Capital Management Acquires World Market

On December 14, 2020, private equity firm Kingswood Capital Management acquired retailer World Market from Bed Bath & Beyond

Acquisition Highlights
  • This is Kingswood Capital Management’s 2nd transaction in the Retail sector.
  • This is Kingswood Capital Management’s 3rd transaction in the United States.
  • This is Kingswood Capital Management’s 2nd transaction in California.

M&A Deal Summary

Date 2020-12-14
Target World Market
Sector Retail
Buyer(s) Kingswood Capital Management
Sellers(s) Bed Bath & Beyond
Deal Type Divestiture

Target

World Market

Alameda, California, United States
website
Cost Plus storefront in Atlanta, Georgia.
Cost Plus storefront in Atlanta, Georgia.
World Market is a specialty retailer of casual home furnishings and entertainment products in the United States. The Company operates more than 250 stores under the names World Market, Cost Plus World Market, Cost Plus Imports, and World Market Stores in 30 states. World Market was formed in 1946 and is based in Alameda, California.

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Buyer(S) 1

DESCRIPTION

Kingswood Capital Management is an operationally focused private equity firm focused on complex situations throughout North America. The Firm targets control positions in middle-market companies with revenues of $100 to $500 million. Sectors of interest include business services, consumer, retail, energy, industrials, technology, media, communications, and value-added distribution. Kingswood Capital Management was established in 2013 and is based in Los Angeles, California.


DEAL STATS #
Overall 5 of 15
Sector (Retail) 2 of 4
Type (Divestiture) 3 of 5
State (California) 2 of 5
Country (United States) 3 of 12
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-15 MEC

Vancouver, British Columbia, Canada

MEC is a retailer that sells gear and clothing for outdoor adventures exclusively to members. The company outfits members for every outdoor adventure: from climbing, hiking, and camping to snow sports, water sports, cycling, and yoga. MEC was formed in 1971 and is based in Vancouver, British Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-21 Senture

London, Kentucky, United States

Senture is a provider of multi-channel contact center solutions to government agencies, commercial customers, and large system integrators. The company provides outsourcing and data management services with flexible technology, proprietary training, dedicated staff, and speedy response. Senture was founded in 2003 and is based in London, Kentucky.

Buy -

Seller(S) 1

SELLER

Bed Bath & Beyond

Union, New Jersey, United States

website


Category Company
Founded 1971
Sector Retail
Employees32,000
Revenue 7.9B USD (2022)
DESCRIPTION
Bed Bath & Beyond storefront in Duluth, Minnesota.
Bed Bath & Beyond storefront in Duluth, Minnesota.

Bed Bath & Beyond is a retailer selling a wide assortment of domestics merchandise and home furnishings which operates under the names Bed Bath & Beyond, Christmas Tree Shops, Christmas Tree Shops andThat! or andThat!, Harmon or Harmon Face Values, buybuy BABY and World Market, Cost Plus World Market or Cost Plus. Customers can purchase products from the Company either in-store, online, with a mobile device or through a contact center. In addition, the Company operates Of a Kind, an e-commerce website that features specially commissioned, limited edition items from emerging fashion and home designers, and One Kings Lane, an authority in home décor and design that offers a unique collection of select home goods, designer and vintage items. The Company also operates Linen Holdings, a provider of a variety of textile products, amenities and other goods to institutional customers in the hospitality, cruise line, healthcare and other industries. Bed Bath & Beyond was founded in 1971 and is based in Union, New Jersey.


DEAL STATS #
Overall 3 of 3
Sector (Retail) 1 of 1
Type (Divestiture) 3 of 3
State (California) 1 of 1
Country (United States) 3 of 3
Year (2020) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-26 T-Y Group

Miami, Florida, United States

T-Y Group distributes quality linens, terry, amenities, case goods, and apparel to world-class businesses in the global hospitality and healthcare industries. T-Y Group was founded in 1991 and is based in Miami, Florida.

Sell -