Case Study – Sale / Recapitalization
Scout Limited, Inc., headquartered in Goldsboro, North Carolina, is a leading designer, importer and marketer of branded, high value home décor, giftware, decorative accessories and lighting products. Scout’s Products are sold under the Park Designs and Split P brands to more than 7,000 retailers in North America.
Scout was majority owned by Dogwood Equity Partners, who was seeking liquidity for their investment
The management team wished to remain and continue to build the company if at all possible
Achieve maximum value for the majority shareholders who were exiting while structuring the best deal for the management team if a financial buyer submitted a competitive offer
Anderson LeNeave ran a parallel process, approaching a focused group of strategic buyers and financial investors with an interest in the home furnishings space. Scout was recapitalized through a majority sale of the company to Salem Investment Partners III.