Investment Summary

Stride Consumer Partners Invests In Odele

On November 16, 2023, private equity firm Stride Consumer Partners invested in consumer products company Odele

Investment Highlights
  • This is Stride Consumer Partners’ 3rd transaction in the Consumer Products sector.
  • This is Stride Consumer Partners’ 4th transaction in the United States.
  • This is Stride Consumer Partners’ 1st transaction in Minnesota.

Investment Summary

Date 2023-11-16
Target Odele
Sector Consumer Products
Investor(s) Stride Consumer Partners
Deal Type Growth Capital
Advisor(s) William Blair (Financial)
Faegre Drinker Biddle & Reath (Legal)

Target

Odele

Minneapolis, Minnesota, United States
Odele is a spe cialized in retail, marketing and manufacturing in both big box stores and smaller companies, the trifecta merged best practices and perspectives to disrupt shelves with a clean, premium collection of products developed by hair type + texture that are EU ingredient compliant, cruelty-free, vegan, dermatologist and pediatrician tested, with a gender-neutral, 100% natural fragrance. Odele was founded in 2019 and is based in Minneapolis, Minnesota.

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Investor(S) 1

DESCRIPTION

Stride Consumer Partners is a private equity firm focused on investing in and partnering with growth companies in the consumer sectors. Specific areas of interest include food/beverage, beauty/personal care, active lifestyle, consumer services, and direct-to-consumer retail. The Firm looks to provide growth capital of $10 to $150 million and will consider both majority and minority positions. Stride Consumer Partners was formed in 2019 and is headquartered in Waltham, Massachusetts.


DEAL STATS #
Overall 5 of 5
Sector: Consumer Products M&A 3 of 3
Type: Growth Capital M&A Deals 5 of 5
State: Minnesota M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-25 Patrick Ta

Los Angeles, California, United States

Patrick Ta is an operator of a namesake beauty brand produces luxury cosmetics line products. Patrick Ta was founded in 2019 and is based in Los Angeles, California.

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