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New Deal


Announced

Completed

Blackstone and Juxtapose led a $200m funding round in Kite.

Financials

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Transaction Value£160m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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it services

Completed

IT Services: Other

Venture Capital

commerce company

Domestic

Friendly

Private Equity

United States

Minority

Acquisition

Private

Synopsis

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Private equity firms Blackstone and Juxtapose led a $200m funding round in Kite, a commerce company specializing in scaling high-potential brands. "Creating extreme efficiencies across a product's commerce journey is the path to unlocking its greatest potential. At Kite, we are reimagining how products are made, moved, stored, shipped, and sold—at scale. As we build upon the platform's suite of companies and products, the more insights we will glean on consumer preferences, buying behavior, and brand-customer engagement. As the platform matures and expands, we will refine our ability to make data-driven strategic decisions to intelligently scale our brands," Rob Solomon, Kite Co-Founder and CEO.

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