Investment Summary

Stripes Invests In Khaite

On March 10, 2023, growth capital firm Stripes invested in retailer Khaite

Investment Highlights
  • This is Stripes’ 2nd transaction in the Retail sector.
  • This is Stripes’ 42nd transaction in the United States.
  • This is Stripes’ 17th transaction in New York.

Investment Summary

Date 2023-03-10
Target Khaite
Sector Retail
Investor(s) Stripes
Deal Type Growth Capital

Target

Khaite

New York, New York, United States
Khaite is a womenswear company crafting modern ready-to-wear pieces and accessories that reinterpret classic American sportswear. Khaite is based in New York, New York.

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Investor(S) 1

Investor

Stripes

New York, New York, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2008
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Stripes is a private investment firm focused primarily on making minority investments in rapidly growing, private companies. Stripes look to commit $10 to $150 million of equity capital per transaction to support acquisitions, growth equity needs, and provide shareholder liquidity. Target companies generally have high margins and operate in large markets. Sectors of interest include branded consumer products, financial services, medical devices, and technology. Stripes was formed in 2008 and is based in New York, New York.


DEAL STATS #
Overall 45 of 49
Sector: Retail M&A 2 of 2
Type: Growth Capital M&A Deals 13 of 16
State: New York M&A 17 of 19
Country: United States M&A 42 of 46
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-11 Pond5

New York, New York, United States

Pond5 is an online marketplace for royalty-free and editorial video, with customers including Netflix, Disney, NBC, BBC, Discovery Channel, and The Wall Street Journal. The company's comprehensive collection includes 30 million licensable video clips, 1.6 million music tracks, and 1.7 million sound effects assets. It serves the needs of creators across industries from individual users to major corporations with competitive pricing and an array of purchase options including a unique pay-per-item model. Purchases are backed by a broad and flexible license, the best price guarantee, and a dedicated team standing by to provide expert assistance. Pond5 was formed in 2006 and is based in New York, New York.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-01 THISBOWL

New York, New York, United States

THISBOWL is a fast casual concept serving healthier Asian-inspired bowls. THISBOWL was founded in 2016 and is based in New York, New York.

Buy -