Announced
Completed
Financials
Sources
Tags
Domestic
Single Bidder
Private
United States
Acquisition
Completed
Clothing and Accessories
children clothing
Private Equity
Majority
Friendly
Synopsis
Cortec, a New York-based private equity firm, completed the investment in Little Sleepies, a sleepwear and accessories business. Financial terms were not disclosed. "We feel fortunate that Maradith and the rest of the Little Sleepies team chose Cortec as their partner to continue their success building a unique branded sleepwear and accessories company. Our meaningful experience working with entrepreneurs in the consumer products space helped us quickly understand the nature of Little Sleepies' authentic brand, original products and engaged customers and drove our excitement for the opportunity." Rob Whipple, a Partner at Cortec, added, "We look forward to supporting Little Sleepies as it pursues a variety of meaningful growth initiatives, including further increasing brand awareness and entering new complementary product categories," Dave Schnadig, Cortec Co-President.
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