Investment Summary

Mistral Equity Partners, The Walnut Group and Satori Capital Exits Lovesac

On June 26, 2018, invested in furniture company Lovesac from Mistral Equity Partners, The Walnut Group and Satori Capital

Investment Highlights
  • This is transaction in the Furniture sector.
  • This is transaction in the United States.
  • This is transaction in Connecticut.

Investment Summary

Date 2018-06-26
Target Lovesac
Sector Furniture
Sellers(s) Mistral Equity Partners
The Walnut Group
Satori Capital
Deal Type IPO

Target

Lovesac

Stamford, Connecticut, United States
Lovesac is an omnichannel retailer of patented furniture products. Lovesac designs furniture for real life, including Sactionals, extremely modular, washable sectional sofas; Sacs®, high end, foam-filled bean bag chairs; and other comfy lifestyle products. Lovesac was founded in 1995 and is based in Stamford, Connecticut.

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Seller(S) 3

SELLER

Mistral Equity Partners

New York, New York, United States

Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 300M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Mistral Equity Partners is a consumer/media focused private equity firm. The Firm specifically looks to invest in North American retail, consumer products/services, food, and advertising opportunities. Mistral's target equity investment size is $1 to $15 million for growth investments and $25 to $50 million for buyout opportunities. Prospective transaction situations include leveraged acquisitions, build-ups, recapitalizations, restructurings, and pre-IPO growth financings. Mistral Equity Partners was formed in 2007 and is based in New York City.


DEAL STATS #
Overall 4 of 6
Sector: Furniture M&A 1 of 1
Type: IPO M&A Deals 1 of 1
State: Connecticut M&A 1 of 1
Country: United States M&A 4 of 6
Year: 2018 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-16 Abe s Market Co.

Buffalo Grove, Illinois, United States

Abe's Market Co. is an ecommerce portal focused on natural and organic goods and related "healthy living" content. Abe's Market combines a broad product assortment with a highly curated product screening process and an abundance of relevant product information to enable better and more efficient product search.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-02 Jamba

Emeryville, California, United States

Jamba, Inc. is a global healthy lifestyle brand that inspires and simplifies healthful living through freshly blended whole fruit and vegetable smoothies, bowls, juices, cold-pressed shots, boosts, snacks, and meal replacements. Jamba's blends are made with premium ingredients free of artificial flavors and preservatives so guests can feel their best and blend the most into life. Jamba Juice® has more than 800 locations worldwide.

Sell $200M
SELLER

The Walnut Group

Cincinnati, Ohio, United States

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

The Walnut Group was a private equity firm that made investments across a broad range of industry sectors. Sectors of interest included retail, consumer products, media, communications, consumer services, business services, manufacturing, real estate, entertainment, restaurants, and defense. The Walnut Group sought investments in privately held companies seeking to accelerate growth, corporate divestitures, late stage high-potential ventures which have not yet achieved significant levels of earnings or cash flow, or family-owned companies seeking to recapitalize. The Walnut Group was based in Cincinnati, Ohio.


DEAL STATS #
Overall 6 of 6
Sector: Furniture M&A 1 of 1
Type: IPO M&A Deals 1 of 1
State: Connecticut M&A 2 of 2
Country: United States M&A 6 of 6
Year: 2018 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-05 Wild Things

Virginia Beach, Virginia, United States

Wild Things is a designer and manufacturer of high-end technical outerwear and gear for extreme outdoor conditions, primarily serving the military and law enforcement communities both domestically and internationally. Wild Things was founded in 1981 and is based in Newport, Rhode Island.

Sell -
SELLER

Satori Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Satori Capital is a private investment firm that looks to partner with management teams to pursue profitable, growth-oriented companies with $5 to $50 million of EBITDA. The Firm does not have any sector preferences and generally looks for situations where there is an opportunity for accelerated growth. The Firm will consider majority or minority positions and prefers businesses operating in the US. Satori Capital was formed in 2008 and is based in Dallas, Texas.


DEAL STATS #
Overall 4 of 8
Sector: Furniture M&A 1 of 1
Type: IPO M&A Deals 1 of 1
State: Connecticut M&A 1 of 1
Country: United States M&A 4 of 8
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-27 Zorch

Chicago, Illinois, United States

Zorch is a tech-enabled designer and distributor of branded merchandise and promotional products. Zorch’s streamlined service model provides customers with direct access to suppliers, thereby reducing order errors and significantly reducing costs associated with bulk inventory and densely staffed fulfillment teams. Zorch was founded in 2002 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-11 Able Machinery Movers

Grapevine, Texas, United States

Able Machinery Movers is a heavy machinery moving and rigging company that serves customers in a variety of sectors, including manufacturing, medical, semiconductor, food, and beverage. Able prioritizes completing projects safely, on time, and within budget, and its customers rely on Able’s experience placing machinery in areas with limited maneuverability, as well as its ability to work in sensitive environments such as data centers, clean rooms, and hospitals. Able Machinery Movers was founded in 1957 and is based in Grapevine, Texas.

Buy -