PE Tech Report

Retail & Leisure

HIG Capital completes sale of Empire Today

HIG Capital (HIG) has sold its portfolio company, Empire Today to Charlesbank Capital Partners (Charlesbank). Empire Today is the largest shop-at-home, direct-to-consumer flooring company in the United States, operating in over 70 of the largest metropolitan areas in the country. The Company serves residential customers with a wide selection of

GCP-backed The Stable acquires The Retail Firm

The Stable, a commerce agency back by private equity firm Growth Catalyst Partners (GCP) that supports consumer brands across retail and direct-to-consumer (DTC) channels, has acquired Arkansas-based Walmart agency The Retail Firm. Founded in 2018 by Josh Breeden and joined later by Chad Goss and Kevin Head, The Retail Firm

Aurora Capital’s SRP Companies acquires Aerial Bouquets

SRP Companies, a portfolio company of Aurora Capital Partners and North American category manager and solutions provider to more than 50,000 retail outlets, has acquired Aerial Bouquets, a US distributor of popular foil and latex balloons as well as coordinating gift items, such as plush products and floral accessories.  This

BC Partners to acquire Pet City

BC Partners is to acquire a controlling stake in Pet City, pet retailer in Greece. Specific terms of the transaction have not been disclosed.  The deal represents the first investment of BC Partners GR Investment LP (BCPGR), a special purpose fund which seeks to invest in and support high-growth small

LoveLocal raises USD18m in pre-Series B

LoveLocal, an Indian hyper-local e-commerce platform, has raised USD18 million in an oversubscribed pre-Series B investment round led by Vulcan Capital, and also including participation from Klarna Founder & CEO Sebastian Siemiatkowski’s Flat Capital, Alumni Ventures Group and Commerce Ventures.  Angel investors Nami Zarringhalam, Co-founder of Truecaller, Sriram Krishnan, General

Bespoke Post raises USD40m in Series B

Bespoke Post, a multi-category e-commerce retailer, has secured USD40 million in a Series B funding round led by NewSpring. The New York-based company was founded in 2011 to introduce customers to products from under-the-radar brands, once a month. Since then, they’ve worked with thousands of small brands, expanded their offering

Entrepreneur secures GBP2m investment for shopping app BASKET

Serial entrepreneur and Dragons’ Den winner, Lex Deak, has secured GBP2 million for his new app, BASKET. Notable investors include Lightbank, the VC firm founded by Groupon co-founder, Eric Lefkosky, as well as co-founder and CEO of WorldFirst, Jonathan Quin, and Mumsnet founder and CEO, Justine Roberts.   Basket will

3i-backed GartenHaus acquires Outdoor Toys in the UK

3i Group- backed (3i) A-Z Gartenhaus (GartenHaus), an online specialist in garden homes, sheds, saunas and related products in Northern Europe, has acquired Outdoor Toys, an online D2C retailer of outdoor garden toys in the UK.  As part of the transaction, 3i will invest cEUR56 million of additional capital.  

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