Go to deals
Consumer & Retail | Private Equity

Specialty Merchandise Corp. has been acquired by Shackleton Equity Partners

The private shareholders of Specialty Merchandise Corporation (SMC) have sold the company to Shackleton Equity Partners for an undisclosed consideration.

SMC is a leading direct selling and business opportunity company that operates in the giftware and home décor products industry. SMC provides members a complete solution to launch and operate their own direct selling consumer products business under their own name.

Shackleton Equity Partners is a private equity firm focused on acquiring small- to micro-cap companies primarily in the US as well as in Canada and Mexico. The firm specializes in complex transactions including non-core divestitures as well as 363 asset sales. Shackleton Equity Partners seeks to acquire businesses primarily with enterprise values between US$5–75 million across a variety of industry sectors including media, manufacturing, software, semiconductors, technology and telecommunications.

Oakins' team in Los Angeles advised the seller in this transaction. The current majority shareholder and former CEO was no longer active in the business and desired an operational exit while maintaining the continuity and legacy of the family business.

Parties

Talk to the deal team

Adam Abramowitz

Managing Director
Los Angeles, United States
Oaklins Intrepid

Gary S. Rabishaw

Managing Director
Los Angeles, United States
Oaklins Intrepid

Related deals

Bolster Investment Partners has acquired a majority stake in Eternal Sun
Private Equity | Energy

Bolster Investment Partners has acquired a majority stake in Eternal Sun

Bolster Investment Partners, a Netherlands-based investment firm, has acquired a majority stake in Eternal Sun, a global technology leader in advanced solar panel testing equipment, from ABN AMRO Sustainable Impact Fund, a private impact fund based in the Netherlands, and Vermec, a Belgium-based investment firm.

Learn more
iwell raises US$31 million to deploy its leading European smart battery storage solutions into new markets
Private Equity | Construction & Engineering Services | Energy | TMT

iwell raises US$31 million to deploy its leading European smart battery storage solutions into new markets

iwell, a developer of smart energy management (EMS) and battery storage systems (BESS), has successfully closed a US$31 million (€27 million) funding round. The round was led by Meridiam, with Invest-NL and Rabobank participating, alongside existing investors.

Learn more
Terra Holding S.r.l. has launched a voluntary public tender offer for Gibus S.p.A.
Consumer & Retail

Terra Holding S.r.l. has launched a voluntary public tender offer for Gibus S.p.A.

Terra Holding S.r.l. has initiated a voluntary public tender offer for the shares of Gibus S.p.A.

Learn more