M&A Deal Summary

Dunes Point Capital and Twin Brook Capital Partners Acquire Kwalu

On September 28, 2022, family office Dunes Point Capital and mezzanine finance firm Twin Brook Capital Partners acquired furniture company Kwalu

Acquisition Highlights
  • This is Dunes Point Capital’s 1st and Twin Brook Capital Partners’ 1st transaction in the Furniture sector.
  • This is Dunes Point Capital’s 19th and Twin Brook Capital Partners’ 21st transaction in the United States.
  • This is Dunes Point Capital’s 1st and Twin Brook Capital Partners’ 2nd transaction in Georgia.

M&A Deal Summary

Date 2022-09-28
Target Kwalu
Sector Furniture
Buyer(s) Dunes Point Capital
Twin Brook Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Genesis Capital LLC (Financial)

Target

Kwalu

Atlanta, Georgia, United States
Kwalu is a designer and manufacturer of premium furnishings, including seating, tables, and casegoods, serving the healthcare and senior living markets. Kwalu is based in Atlanta, Gerogia.

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Buyer(S) 2

Buyer

Dunes Point Capital


Category Family Office
Founded 2013
PE ASSETS 1.3B USD
Size Large
Type Sector Focused
DESCRIPTION

Dunes Point Capital is a family office and private investment firm focused on control investments in the industrials sector. Dunes Point Capital was formed in 2013 and is based in Rye, New York.


DEAL STATS #
Overall 19 of 22
Sector (Furniture) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 5 of 8
State (Georgia) 1 of 1
Country (United States) 19 of 22
Year (2022) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-07 NextGen

Exton, Pennsylvania, United States

NextGen is an electronic security integration company that provides technology solutions such as access control and video surveillance to commercial and industrial clients in diverse and complex end markets. The company's comprehensive suite of services encompasses all facets of a facility's security system, including consultation, design, installation, integration, training, and aftermarket support. NextGen is based in Exton, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-11 K-1 Packaging

City of Industry, California, United States

K-1 Packaging is a designer and provider of custom turnkey packaging solutions primarily to the wellness and personal care end-markets. K-1 has three manufacturing facilities in California, one procurement and quality control office in Shenzhen, China. K-1 Packaging is based in City of Industry, California.

Buy -
Buyer
DESCRIPTION

Twin Brook Capital Partners is a provider of senior financing to small and mid-sized profitable companies. The Firm looks to offer a variety of credit and equity solutions including revolvers, senior loans, unitranche loans, mezzanine financing, and equity co-investment to US-based companies with $3 to $50 million in EBITDA. Target sectors include industrial, manufacturing, business services, financial services, insurance, aerospace/defense, distribution, healthcare, and software/tech enabled services. Twin Brook Capital Partners is based in Chicago, Illinois.


DEAL STATS #
Overall 22 of 23
Sector (Furniture) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 4 of 4
State (Georgia) 2 of 2
Country (United States) 21 of 22
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-01 Rotating Machinery Services

Bethlehem, Pennsylvania, United States

Rotating Machinery Services is a provider of specialty aftermarket repair, maintenance, and overhaul services for large, highly engineered rotating machinery. RMS’s solutions improve performance and extend the useful life of complex machinery used in customers’ critical industrial processes. Rotating Machinery Services was founded in 1997 and is based in Bethlehem, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 Ned Stevens

Fairfield, New Jersey, United States

Ned Stevens provides gutter cleaning, soft wash, and other related, non-discretionary residential services, including gutter maintenance, installation, and repair. Ned Stevens was founded in 1965 and is based in Fairfield, New Jersey.

Sell -