Investment Summary

Berkshire Partners, Capstar Partners, Norwest Equity Partners and 65 Equity Partners Invest In Kendra Scott Design

On December 21, 2016, private equity firm Berkshire Partners, growth capital firm Capstar Partners, private equity firm Norwest Equity Partners and private equity firm 65 Equity Partners invested in retailer Kendra Scott Design

Investment Highlights
  • This is Berkshire Partners’ 7th, Capstar Partners’ 1st, Norwest Equity Partners’ 4th and 65 Equity Partners’ 1st transaction in the Retail sector.
  • This is Berkshire Partners’ 64th, Capstar Partners’ 4th, Norwest Equity Partners’ 53rd and 65 Equity Partners’ 1st transaction in the United States.
  • This is Berkshire Partners’ 9th, Capstar Partners’ 3rd, Norwest Equity Partners’ 1st and 65 Equity Partners’ 1st transaction in Texas.

Investment Summary
Date 2016-12-21
Target Kendra Scott Design
Sector Retail
Investor(s) Berkshire Partners
Capstar Partners
Norwest Equity Partners
65 Equity Partners
Deal Type Growth Capital
Advisor(s) Jefferies (Financial)
Weil Gotshal & Manges
Kastner Gravelle (Legal)

Target

Kendra Scott Design

Austin, Texas, United States
Kendra Scott Design is a multi-channel fashion brand that sells jewelry online, through company stores and at renowned retailers like Nordstrom, Neiman Marcus, Bloomingdales and over a thousand specialty boutiques worldwide. Kendra Scott has become a household fashion name to women around the world with countless celebrities donning Kendra Scott jewelry. Kendra Scott Design was founded in 2002 and is based in Austin, Texas.

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Investor(S) 4

Investor

Berkshire Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Berkshire Partners is a private equity firm focused on investing in businesses with strong management and that lead their respective markets. Berkshire will consider investments in both public and private companies. Prospective transactions for private companies include leveraged buyouts, recapitalizations, growth capital financings, and privatizations. Public company transactions include take-privates, PIPEs, and equity stakes. Berkshire generally looks to invest $150 to $500 million of equity capital per transaction in companies valued up to $2 billion. Sectors of interest include industrial manufacturing, consumer products, retailing, transportation, communications and business services. Berkshire Partners was formed in 1984 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 72 of 101
Sector (Retail) 7 of 7
Type (Growth Capital) 13 of 23
State (Texas) 9 of 11
Country (United States) 64 of 89
Year (2016) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-24 Masergy

Plano, Texas, United States

Masergy is a provider of managed security and cloud communication solutions to global enterprises in more than 40 countries. It specializes in delivering real-time high-quality transport of enterprise applications, including voice, data, and video, through a single network connection. Masergy was founded in 2000 and is based in Plano, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 TowerNorth

W Bridgewater, Massachusetts, United States

TowerNorth is a developer, owner and operator of mission critical wireless infrastructure in the US, Latin America and Europe. TowerNorth has built a team with deep industry experience that are experts in deploying each generation of communications networks. TowerNorth was founded in 2012 and is based in W Bridgewater, Massachusetts.

Buy -
Investor

Capstar Partners

Austin, Texas, United States
Category Growth Capital Firm
Founded 2000
Size Small
Type Sector Agnostic
DESCRIPTION

Capstar Partners is a private equity firm focused on small and mid-sized buyouts, real estate transactions, and public investing. In addition to real estate target sectors include media/broadcasting, healthcare, e-commerce, and financial services. Capstar was formed in 2000 and is based in Austin, Texas.

DEAL STATS #
Overall 4 of 4
Sector (Retail) 1 of 1
Type (Growth Capital) 1 of 1
State (Texas) 3 of 3
Country (United States) 4 of 4
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-01 Tiff’s Treats

Austin, Texas, United States

Tiff’s Treats is a manufacturer and delivers classic, baked-to-order cookies, and brownies straight from the oven to the home or office. Tiff’s Treats was founded in 1999 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-30 Andrew Harper Travel

Westmont, Illinois, United States

Andrew Harper Travel is a full-service luxury travel agency that specializes in bespoke travel experiences offering everything from commercial air and private jets to custom tours, villas, spas, and cruises. Andrew Harper Travel was founded in 1979 and is based in Westmont, Illinois.

Sell -
Investor

Norwest Equity Partners

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1961
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Norwest Equity Partners (NEP) is a private equity firm focused on investing in growing and profitable middle-market companies. NEP targets investments in businesses valued between $50 and $500 million, typically investing $50 to $250 million of capital per investment. Funds are typically used to fund management buyouts, recapitalizations, and growth financing. Sectors of interest include manufacturing, distribution, healthcare, technology/business services, and consumer products/services. NEP is affiliated with Norwest Mezzanine Partners, an investment partnership focused on providing junior capital to middle-market companies. Norwest Equity Partners is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 55 of 75
Sector (Retail) 4 of 4
Type (Growth Capital) 10 of 16
State (Texas) 1 of 2
Country (United States) 53 of 72
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-21 Stanton Carpet

Syosset, New York, United States

Stanton Carpet is a designer and distributor of decorative, high-quality branded carpet and custom rugs and runners. The Stanton family of brands are available through approximately 4,000 retail partners nationwide, including independent retail floor showrooms, trade showrooms and home furnishing retailers. Stanton Carpet was founded in 1980 and is based in Syosset, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 DCM Services

Bloomington, Minnesota, United States

DCM Services is a provider of tech-enabled estate receivables management solutions and SaaS software to multiple end markets, including financial services, healthcare, utilities, telecom, and others. DCM Services was founded in 1998 and is based in Bloomington, Minnesota.

Sell -
Investor

65 Equity Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
PE ASSETS 4.5B SGD
Size Large
Type Sector Agnostic
DESCRIPTION

65 Equity Partners is a global investment firm focused on partnering with established family-owned and entrepreneur-led mid-sized businesses in Southeast Asia, Europe and the United States. The Firm's preferred sectors of interest include the consumer, industrials, business services, healthcare, and technology industries. 65 Equity Partners is headquartered in Singapore.

DEAL STATS #
Overall 1 of 5
Sector (Retail) 1 of 1
Type (Growth Capital) 1 of 2
State (Texas) 1 of 1
Country (United States) 1 of 3
Year (2016) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-08 BoardRoom

Singapore, Singapore

BoardRoom provides business solutions, including corporate and advisory services, in the Asia-Pacific region. BoardRoom was founded in 1968 and is based in Singapore.

Buy -
Mergr

Product

Company

Legal