M&A Deal Summary

Trive Capital Acquires FoundRae

On July 6, 2023, private equity firm Trive Capital acquired consumer products company FoundRae

Acquisition Highlights
  • This is Trive Capital’s 1st transaction in the Consumer Products sector.
  • This is Trive Capital’s 46th transaction in the United States.
  • This is Trive Capital’s 2nd transaction in New York.

M&A Deal Summary
Date 2023-07-06
Target FoundRae
Sector Consumer Products
Buyer(s) Trive Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

FoundRae

New York, New York, United States
FoundRae is a luxury jewelry company that designs, manufactures, and sells necklaces, medallions, bracelets, rings, earrings, and other luxury items. FoundRae sells its products through its retail store, website, and wholesale partners. The Company’s jewelry focuses on their ten tenets, which shoppers can mix and match to tell their story and create meaning out of their jewelry. FoundRae was founded in 2016 and is headquartered in New York City.

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Buyer(S) 1

Buyer

Trive Capital

Dallas, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2012
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Trive Capital is a hands-on, operationally-focused private equity firm that targets complex or special situations in 'out of favor' but protected market niches. The Firm will consider businesses throughout North America offering differentiated products/services with leading/defensible industry positions. Trive looks to commit $10 to $300 million per investment in businesses generating revenues of $40 million to $1.5 billion. Sectors of interest include automotive, transportation, aerospace/defense, building products, construction, infrastructure, healthcare, manufacturing, industrial, chemicals, distribution, consumer goods, energy services, business services, and communications. Trive Capital was founded in 2012 and is based in Dallas, Texas.

DEAL STATS #
Overall 48 of 54
Sector (Consumer Products) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 14 of 15
State (New York) 2 of 2
Country (United States) 46 of 51
Year (2023) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-26 Kittyhawk

Garden Grove, California, United States

Kittyhawk is a provider of Hot Isostatic Pressing (“HIP”) services for a variety of industries including space, commercial aerospace, defense, and medical applications. HIP is an integral service that improves the strength and metallurgical properties of casted and additively manufactured parts. The company specializes in servicing parts for high-temperature, high-pressure, and high cost of failure applications such as rocket and jet engine componentry. Kittyhawk was formed in 1981 and is based in Garden Grove, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-15 Pryor Learning

Mission, Kansas, United States

Pryor Learning provides affordable subscription access to its content library of 5,000 courses, as well as live and virtually delivered seminars targeted at training and upskilling entry to mid-level professionals. Pryor’s comprehensive content library, ease of implementation, and varied delivery modalities make the Company the training partner of choice for individuals, teams, and tens of thousands of small-to-medium sized enterprises. Pryor Learning was founded in 1970 and headquartered in Mission, Kansas.

Buy -
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