KidKraft Pursuing Possible Sale Amid Gordon Brothers Cash Infusion
One of many main producers of youngsters’ furnishings and playsets is exploring choices for the long run.
Texas-based KidKraft struck a take care of Gordon Brothers to assist its liquidity and continued exploration of strategic options for the corporate. Baird Monetary Group labored with KidKraft to pursue a money infusion that can enable the corporate to proceed servicing its provide chain companions that produce its vary of picket dollhouses, kitchens, autos, furnishings, and out of doors toys.
“Because of the method run by Baird, Gordon Brothers is partnering with KidKraft to supply further runway to guage strategic options together with a possible sale of the corporate,” says Geoff Walker, President and CEO of KidKraft. “Moreover, using Gordon Brothers’ marketing consultant providers and leveraging their shopper business asset experience will enable us to proceed to drive stability for future success from each a capital and operations standpoint.”
Gordon Brothers focuses on offering short- and long-term capital to shoppers present process transformation.
“In supporting a market chief like KidKraft, we had been in a position to present a fast-moving resolution that offered stability to the capital construction,” says Kyle C. Shonak, Senior Managing Director, Transaction Workforce & Head of North America Lending at Gordon Brothers. “Our affected person and versatile capital as enterprise cycles unfold places us on the forefront of innovation and progress, and our partnership will maximize worth for all stakeholders and assist the long run state of the corporate.”
KidKraft merchandise can be found by way of greater than 2,800 retailers in additional than 90 international locations. Walker, a former Mattel exec, joined the company in 2019.
The submit KidKraft Pursuing Possible Sale Amid Gordon Brothers Cash Infusion appeared first on The Toy Book.
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