Deal Details

CURiO Is Acquired by York

Consumer

CURiO, a portfolio company of Castanea and Stanfield, sale to York

Summary

CURiO Brands (“CURiO” or the “Company”), a portfolio company of Castanea Partners (“Castanea”) and Stanfield Capital ("Stanfield"), has been acquired by York Capital (“York”). Terms of the transaction were not disclosed.

Baird served as the exclusive financial advisor to CURiO Brands on this transaction.

About

CURiO is a premium fragrance platform in the beauty and wellness sector. Under the Capri Blue and Thymes brands, the Company offers beautifully designed beauty, bath & body, home fragrance and personal care products. The products are sold through e-commerce and direct to consumer, major key accounts and a large network of specialty boutiques. CURiO is headquartered in Minneapolis, Minnesota.

Castanea is a middle-market private equity firm that works in partnership with founders and management teams of innovative passion brands to grow their businesses through a combination of capital investment and operating expertise. Castanea provides equity capital to companies in industry sectors where they have leadership, advisory and investing experience and seek to partner with promising small to middle market companies in branded consumer products and services with passionate customer bases and highly differentiated brands. Castanea is headquartered in Newton, Massachusetts.

Founded in 2014, Stanfield is a private equity firm focused on investment opportunities in the lower middle market. To date, the firm has invested $22M of equity across three transactions. Combined, these three companies generate $130M in revenue and approximately $15M of Ebitda. Stanfield is headquartered in Needham, Massachusetts.

Headquartered in New York, New York, York primarily targets control investments in middle-market businesses. York targets companies at inflection points that can benefit from their resources and experience. York seeks to back founders and experienced management teams with strong visions for their businesses. Since 2008, York has completed more than 50 investments, including $4B+ in aggregate transaction value.

Consumer

CURiO, a portfolio company of Castanea and Stanfield, sale to York