Investment Summary

Stripes Invests In Shibumi Shade

On January 1, 2021, growth capital firm Stripes invested in apparel/textiles company Shibumi Shade

Investment Highlights
  • This is Stripes’ 4th transaction in the Apparel/Textiles sector.
  • This is Stripes’ 34th transaction in the United States.
  • This is Stripes’ 2nd transaction in North Carolina.

Investment Summary

Date 2021-01-01
Target Shibumi Shade
Sector Apparel/Textiles
Investor(s) Stripes
Deal Type Growth Capital

Target

Shibumi Shade

Raleigh, North Carolina, United States
Shibumi Shade designs and sells lightweight, wind-powered beach canopies (and related beach gear) intended to simplify and improve the beach-shade experience. The company’s products are aimed at consumers seeking easy-to-carry, easy-to-set-up alternatives to traditional beach umbrellas and tents. Shibumi Shade was founded in 2016 and is based in Raleigh, North Carolina.

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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 37 of 49
Sector: Apparel/Textiles M&A 4 of 5
Type: Growth Capital M&A Deals 10 of 16
State: North Carolina M&A 2 of 2
Country: United States M&A 34 of 46
Year: 2021 M&A 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Island

Dallas, Texas, United States

Island is a cyber company, that provides a secure web browser for the enterprise. Island was founded in 2020 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-24 Emotive

Los Angeles, California, United States

Emotive is the human-to-human marketing platform that uses conversational text messaging to help eCommerce brands grow revenue faster. Hundreds of eCommerce businesses use Emotive to drive sales through conversations that feel personal and human. Emotive was founded in 2018 and is based in Los Angeles, California.

Buy -