Investment Summary

Topspin Partners LBO and Balance Point Capital Partners Invest In Recom

On April 28, 2020, private equity firm Topspin Partners LBO and mezzanine finance firm Balance Point Capital Partners invested in retailer Recom

Investment Highlights
  • This is Topspin Partners LBO’s 3rd and Balance Point Capital Partners’ 1st transaction in the Retail sector.
  • This is Topspin Partners LBO’s 23rd and Balance Point Capital Partners’ 30th transaction in the United States.
  • This is Topspin Partners LBO’s 5th and Balance Point Capital Partners’ 3rd transaction in Florida.

Investment Summary

Date 2020-04-28
Target Recom
Sector Retail
Investor(s) Topspin Partners LBO
Balance Point Capital Partners
Deal Type Growth Capital
Advisor(s) Robert W. Baird & Co., Inc. (Financial)

Target

Recom

Deerfield Beach, Florida, United States
Recom is a full-service Amazon agency that helps global brands optimize their presence and sell their products on the world’s leading e-commerce marketplace. Recom was founded in 2013 and is based in Deerfield Beach, Florida.

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Investor(S) 2

Investor

Topspin Partners LBO


Category Private Equity Firm
Founded 2001
PE ASSETS 213M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Topspin LBO is the buyout arm of investment firm Topspin Partners. Topspin LBO looks to invest in established businesses with growing revenue and cash-flow of $2 to $10 million. Prospective companies generally have proven management in place and operate with defensible business models. While, Topspin will consider investing in businesses across the US, the Firm has a strong preference for opportunities serving the Long Island, New York area. Sectors of interest include security services, consumer products, publishing/media, niche manufacturing, food and beverage and restaurants. Topspin LBO was formed in 2001 and is based in Roslyn Heights, New York.


DEAL STATS #
Overall 23 of 27
Sector (Retail) 3 of 3
Type (Growth Capital) 2 of 4
State (Florida) 5 of 5
Country (United States) 23 of 27
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-23 Japonesque

San Ramon, California, United States

Japonesque is a provider of beauty products to mass, specialty and online retailers. The company primarily sells its products through traditional brick & mortar retailers such as CVS, Target, Walmart, Shoppers Drug Mart, Rite Aid, and online through Amazon. Japonesque was founded in 1984 and is based in San Ramon, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-10 SportPet

Waukesha, Wisconsin, United States

SportPet is a manufacturer and marketer of branded and private label pet durable products. The company provides a variety of pet products, including pet furniture and recreational products, pet kennels and carriers, feeding and litter accessories. SportPet was founded in 2004 and is based in Waukesha, Wisconsin.

Buy -
Investor

Balance Point Capital Partners

Westport, Connecticut, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2007
PE ASSETS 1.7B USD
Size Small
Type Sector Agnostic
DESCRIPTION

Balance Point Capital Advisors is a provider of equity and debt capital to middle-market US-based companies. The Firm looks to invest $5 to $30 million in companies generating $10 $150 million in revenue. The Firm invest in the range of $15 to $75 million with and enterprise value of $10 to $150 million. Funds are used to support a variety of needs, including private equity sponsored buyouts, strategic acquisitions, refinancing's, management buyouts, leveraged recapitalizations, and growth capital financing needs. Balance Point Capital is based in Westport, Connecticut.


DEAL STATS #
Overall 30 of 46
Sector (Retail) 1 of 1
Type (Growth Capital) 16 of 26
State (Florida) 3 of 3
Country (United States) 30 of 44
Year (2020) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-15 The Stable

Minneapolis, Minnesota, United States

The Stable is a fully integrated consumer brand agency helping businesses activate across all channels of commerce. The Stable was formed in 2015 and is based in Minneapolis, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-21 Schill Grounds Management

North Ridgeville, Ohio, United States

Schill Grounds Management is a privately held commercial landscaping company. Schill Grounds Management was founded in 1993 and is based in North Ridgeville, Ohio.

Buy -