Investment Summary

Graycliff Partners and SBJ Capital Invest In Rishi Tea & Botanicals

On April 18, 2023, private equity firms Graycliff Partners and SBJ Capital invested in consumer products company Rishi Tea & Botanicals

Investment Highlights
  • This is Graycliff Partners’ 2nd and SBJ Capital’s 2nd transaction in the Consumer Products sector.
  • This is Graycliff Partners’ 63rd and SBJ Capital’s 15th transaction in the United States.
  • This is Graycliff Partners’ 1st and SBJ Capital’s 1st transaction in Wisconsin.

Investment Summary

Date 2023-04-18
Target Rishi Tea & Botanicals
Sector Consumer Products
Investor(s) Graycliff Partners
SBJ Capital
Deal Type Growth Capital

Target

Rishi Tea & Botanicals

Milwaukee, Wisconsin, United States
Rishi Tea & Botanicals is a selector, importer, and maker of organic, direct trade tea and botanicals. Rishi Tea & Botanicals was founded in 1997 and is based in Milwaukee, Wisconsin.

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Investor(S) 2

Investor

Graycliff Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Graycliff Partners is a private equity firm focused on private equity and mezzanine investments in middle-market companies throughout the US. The Firm's mezzanine practice does not have any sector preferences and looks to invest $10 to $50 million in profitable companies with at least $10 million in revenue. Funds are used to support buyouts, growth needs, divestitures, or consolidations. Graycliff's private equity group looks to acquire middle-market companies in the manufacturing, service, and distribution sectors. The Firm looks for businesses with $10 to $200 million of revenue. Graycliff Partners was established in 1991 and is based in New York City.


DEAL STATS #
Overall 68 of 72
Sector (Consumer Products) 2 of 2
Type (Growth Capital) 17 of 19
State (Wisconsin) 1 of 1
Country (United States) 63 of 67
Year (2023) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-29 Republic Electric

Davenport, Iowa, United States

Republic Electric is a distributor of HVAC and electrical equipment and related components for use in residential, commercial, and industrial applications. Republic Electric was founded in 1916 and is based in Davenport, Iowa.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-06 Noynim IT Solutions

Denver, Colorado, United States

Noynim IT Solutions is a managed IT services provider delivering a wide-range of technology solutions to small and medium-sized organizations. It has a long and proven track record of providing proactive IT and networking solutions that help clients scale their technology stacks, primarily focused on the Mountain West region. Noynim IT Solutions was founded in 2006 and is based in Denver, Colorado.

Buy -
Investor

SBJ Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2013
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Spanos Barber Jesse & Co. (SBJ) is a private investment firm focused on lower middle-market consumer, business services and healthcare services companies. Prospective transaction types include buyouts, recapitalizations, acquisitions, and growth. SBJ looks to invest $10 to $50 million in companies generating sales up to $100 million and EBITDA of $3 to $15 million. Spanos Barber Jesse & Co. was founded in 2013 and is based in Walnut Creek, California.


DEAL STATS #
Overall 15 of 16
Sector (Consumer Products) 2 of 2
Type (Growth Capital) 7 of 7
State (Wisconsin) 1 of 1
Country (United States) 15 of 16
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-17 Troy Lee Designs

Corona, California, United States

Troy Lee Designs is a provider of helmets, apparel, and premium protection for off-road motorcycling and bicycling, sportswear, and accessories, and operates the TLD supercross and motocross teams. Troy Lee Designs was founded in 1981 and is based in Corona, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-15 Sydnic

United States

Sydnic is a franchisee of Precision Garage Door Service, a residential garage door repair company in the U.S.

Buy -