M&A Deal Summary

Kingswood Capital Management Acquires Obsession

On July 24, 2023, private equity firm Kingswood Capital Management acquired retailer Obsession

Acquisition Highlights
  • This is Kingswood Capital Management’s 4th transaction in the Retail sector.
  • This is Kingswood Capital Management’s 9th transaction in the United States.
  • This is Kingswood Capital Management’s 1st transaction in Florida.

M&A Deal Summary
Date 2023-07-24
Target Obsession
Sector Retail
Buyer(s) Kingswood Capital Management
Deal Type Buyout (LBO, MBO, MBI)

Target

Obsession

Miramar, Florida, United States
Obsession is a retailer of authentic designer and proprietary fragrances and related accessories. The company operates over 215 retail stores across 38 states under The Fragrance Outlet and Perfumania banners, as well as related e-commerce websites. Its stores offer a broad assortment of 1,000+ SKUs, including hard-to-find and limited-production fragrances. Obsession is based in Miramar, Florida.

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Buyer(S) 1

Buyer

Kingswood Capital Management

Category Private Equity Firm
Founded 2013
Size Small
Type Sector Agnostic
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 11 of 19
Sector (Retail) 4 of 4
Type (Buyout (LBO, MBO, MBI)) 5 of 6
State (Florida) 1 of 1
Country (United States) 9 of 16
Year (2023) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 Turbo Wholesale Tires

Irwindale, California, United States

Turbo Wholesale Tires is a is a designer, supplier, and wholesaler of proprietary and third-party branded tires. Turbo’s proprietary-owned brands include Lexani, Lionheart, and RBP. Turbo Wholesale Tires was founded in 1983 and is based in Irwindale, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-24 Covenant Testing Technologies

The Woodlands, Texas, United States

Covenant Testing Technologies provides flowback and well testing services with a special focus on horizontal and pad drilling for the upstream oil and gas services industry. Covenant Testing Technologies was founded in 2013 and is based in The Woodlands, Texas.

Buy -
Mergr

Product

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