Growth Equity Investment by Topspin Consumer Partners & Balance Point Capital

Consumer
Technology & Services
Growth Equity Investment by Topspin Consumer Partners & Balance Point Capital

Summary

Baird served as the exclusive financial advisor to reCommerce on this transaction

About

VitaDepot.com LLC d/b/a reCommerce (“reCommerce” or the “Company”) received a growth equity investment from Topspin Consumer Partners (“Topspin” or the “Firm”). In conjunction with the transaction, Balance Point Capital (“Balance Point”) provided a unitranche loan facility and equity co-investment. Terms of the transaction have not been disclosed.

reCommerce is a rapidly growing, technology-enabled selling partner of brands through Amazon. reCommerce offers leading consumer brands an end-to-end solution on Amazon, allowing them to capitalize on growing demand and navigate the complexities of the world’s largest online marketplace. reCommerce combines its proprietary in-house technology platform with world class creative, marketing, data analytics, brand protection and logistics services to drive the growth of leading brands on Amazon.

Topspin has partnered with the existing co-founders of the company, Taylor Hamilton and Jesse Tomalty, who will maintain a significant stake in the business and continue to lead the organization. Mr. Hamilton and Mr. Tomalty have extensive experience in both the e-commerce and consumer goods industries and have built a robust team of experienced professionals that have helped position reCommerce as the world’s premier Amazon selling partner for leading consumer brands in health and wellness, beauty, personal care and other industry verticals. Topspin Consumer Partners is a New York-based private equity firm that makes investments in established, profitable and fast-growing middle-market consumer businesses. The Firm invests across a number of sub-verticals within consumer, including health & wellness, personal care / beauty, food / beverage, household goods and juvenile products. The Topspin team has considerable operational expertise and collaborates with founder-owners and management teams to build businesses of varying stages and sizes. Topspin is headquartered in Mamaroneck, New York.

Balance Point Capital is an alternative investment manager focused on the lower middle market. With more than $1.1 billion in assets under management, Balance Point invests debt and equity capital in select lower middle market companies across a variety of investment vehicles. Balance Point takes a long-term, partnership approach to investing and is committed to building lasting relationships with its partners, management teams and intermediaries. Balance Point is headquartered in Westport, Connecticut.
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Consumer
Technology & Services
Growth Equity Investment by Topspin Consumer Partners & Balance Point Capital
Date
May 2020
Company
reCommerce
Transaction
M&A
Sectors
Consumer
Technology & Services
Target Location
North America
Acquiror Location
North America

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