Fireman Capital Partners (FCP), a consumer-focused growth equity firm, has acquired a majority stake in Skip Hop, a lifestyle brand serving the infant and toddler industry.
Skip Hop founders Michael and Ellen Diamant will retain a meaningful ownership stake, and will continue to lead the company. Terms of the transaction were not disclosed.
Based in New York City, Skip Hop offers a wide range of products, including diaper bags, on-the-go accessories, soft and wooden toys, bedding, bath time, feeding, and the ZOO line of toddler products. The company’s products are sold at over 4,000 retail doors in the US and in over 60 countries worldwide.
Dan Fireman, managing partner of FCP, says: “Skip Hop creates truly innovative products that are original, fresh and with a contemporary aesthetic. While successfully expanding its product suite and distribution channels, Skip Hop has proven the strength of its brand and the authenticity of its products. We are delighted to be partnering with this dynamic company.”
Michael Diamant says: “Ellen and I – and the rest of the Skip Hop team – are thrilled to be partnering with Fireman Capital Partners. FCP has a proven track record in the consumer space, and their vision for Skip Hop is perfectly aligned with ours. We are very excited to have the resources and added experience to help take Skip Hop to the next level – all while retaining our focus on making great product.”
McDermott Will & Emery acted as legal advisor to Fireman Capital Partners. ROTH Capital Partners provided financial advice to Skip Hop, and Goodwin Procter acted as legal advisor.
