Capstone Partners served as exclusive financial advisor to Berkshire Blanket, a portfolio company of CSW Private Equity, in its sale to SUMEC Textile & Light Industry Co., Ltd., a subsidiary company of The SUMEC Group, a diversified Chinese holding company with a significant footprint in the home textiles market.
Berkshire Blanket is a leading branded designer, importer and marketer of blankets, throws and other soft home goods in the U.S., with a number one position in blankets.
SUMEC Group, a pre-existing supply channel partner, is a top textile and garment exporter to U.S. and European markets.
Capstone Partners worked closely with CSW and management to craft an investment thesis highlighting the Company’s value as a platform for growth.
The transaction highlights TM’s ability to leverage deep domain expertise and unrivaled cross-border transaction experience to engineer outstanding outcomes for its middle-market clients.
We were impressed with [Capstone]’s nuanced understanding of the Company, sector and the universe of potential buyers. We knew the highest value would likely come from a buyer with strategic synergies and an ability to further leverage the platform we built. The [Capstone] team did a great job crafting that thesis and then accessing a global buyer universe with individually-tailored messaging.
