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Announced

Completed

Summit Partners completed a $50m investment in Brooklinen.

Financials

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Transaction Value£38m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Household Equipment and Products

Acquisition

Minority

Friendly

Private Equity

United States

home essentials

Completed

Single Bidder

Private

Synopsis

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Summit Partners, a global alternative investment firm, completed a $50m investment in Brooklinen, a direct-to-consumer accessible-luxury home essentials retailer. "Brooklinen's profitability, customer repeat rate, and consistently smart and deliberate growth decisions make them a rare brand to partner with. Many brands focus on a growth-at-all-costs model that we believe isn't sustainable for longevity; we are thrilled to find a like-minded partner and to work together on the next stage of growth for Brooklinen," Chris Dean, Summit Partners Managing Director.

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