Investment Summary

Summit Partners and Freeman Spogli Invest In Brooklinen

On March 3, 2020, growth capital firm Summit Partners and private equity firm Freeman Spogli invested in retailer Brooklinen

Investment Highlights
  • This is Summit Partners’ 3rd and Freeman Spogli’s 17th transaction in the Retail sector.
  • This is Summit Partners’ 290th and Freeman Spogli’s 44th transaction in the United States.
  • This is Summit Partners’ 14th and Freeman Spogli’s 4th transaction in New York.

Investment Summary
Date 2020-03-03
Target Brooklinen
Sector Retail
Investor(s) Summit Partners
Freeman Spogli
Deal Type Growth Capital
Advisor(s) Citigroup Investment Banking (Financial)

Target

Brooklinen

Brooklyn, New York, United States
Brooklinen offers global customers a curated collection of stylish, luxury-grade linens at an accessible price-point. The brand was founded on the philosophy that people deserve simple, beautiful home essentials without the luxury markup. It manufactures responsibly and efficiently to offer exquisite design and exceptional savings, bringing effortless, affordable luxury to any home. Brooklinen was formed in 2014 and is based in Brooklyn, New York.

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Investor(S) 2

Investor

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.

DEAL STATS #
Overall 340 of 387
Sector (Retail) 3 of 3
Type (Growth Capital) 188 of 219
State (New York) 14 of 17
Country (United States) 290 of 320
Year (2020) 5 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-03 ViroClinics

Rotterdam, Netherlands

ViroClinics is a virology contract research organization, serving the biopharmaceutical community with a broad range of preclinical, clinical diagnostic, assay development and clinical trial logistics services. Operating at a global level, Viroclinics is the preferred virology testing laboratory for several of the top-10 biopharmaceutical companies. Viroclinics’ extensive experience with clinical and preclinical studies for viruses, including its specialty in respiratory viruses, puts the company at the forefront in supporting the development of vaccines, antibodies and antiviral compounds targeting viral infectious diseases. ViroClinics was founded in 2001 and is based in Rotterdam, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-12 NinjaOne

Austin, Texas, United States

NinjaOne provides powerful, cloud-based remote monitoring and management software to managed service providers, SMBs, and mid-market companies, which offers an exceptional user experience and all the support you need to deliver fast and effective IT management. NinjaOne increases business efficiency by combining monitoring, alerting, patching, antivirus, backup, and IT automation all within a single pane of glass. NinjaOne was founded in 2013 and is based in Austin, Texas.

Buy -
Investor

Freeman Spogli

Los Angeles, California, United States
Category Private Equity Firm
Founded 1983
PE ASSETS 7.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Freeman Spogli & Co. is a private equity firm focused on acquiring middle-market retail, direct marketing, and distribution companies. The Firm will consider opportunities throughout North America and prefers partnering with management when pursuing acquisitions. Freeman Spogli looks to invest $75 to $300 million in transactions valued up to $750 million. Freeman Spogli was formed in 1983 and is based in Los Angeles, California with an additional office in New York City.

DEAL STATS #
Overall 44 of 48
Sector (Retail) 17 of 17
Type (Growth Capital) 7 of 9
State (New York) 4 of 4
Country (United States) 44 of 48
Year (2020) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-04 Galco

Madison Heights, Michigan, United States

Galco is a distributor of Industrial and Commercial Electrical and Electronic Control, Automation and Motion Products, Repair and Engineering Services. Galco was founded in 1975 and is based in Madison Heights, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-31 Green Garden Products

Norton, Massachusetts, United States

Green Garden Products LLC is a supplier of branded, consumable gardening products. Green Garden Products is a provider of seed packets and seed starter products for flower and vegetable gardens in North America, and an emerging participant in the specialty soil and plant nutrient categories. Green Garden Products was founded in 1980 and is based in Norton, Massachusetts.

Sell $532M
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