Deal Details

KidKraft Completes Recapitalization

Consumer

KidKraft recapitalization

Summary

KidKraft Group Holdings, LLC (“KidKraft” or the “Company”), a portfolio company of MidOcean Partners, has recapitalized its secured debt facility with Gordon Brothers. The transaction is subject to various regulatory approvals and customary closing conditions. Terms of the transaction were not disclosed.

Baird served as the exclusive investment banker to KidKraft on this transaction.

About

KidKraft is a global leader in award-winning products that are MADE FOR MAKE BELIEVE™. The Company is committed to inspiring imaginative play creatively for children everywhere through dollhouses, kitchens, outdoor, vehicles, furniture and toys. KidKraft’s high-quality products, designed for traditional play, are available at more than 2,800 retailers in more than 90 countries worldwide. KidKraft is headquartered in Dallas, Texas.

In late 2023, KidKraft hired Baird to review strategic alternatives amidst operational headwinds that led to liquidity and debt covenant issues. Baird ran a comprehensive marketing process resulting in a recapitalization with Gordon Brothers, which provided the Company with additional liquidity to continue evaluating strategic alternatives, including a potential sale.

Since 1903, Gordon Brothers has helped lenders, management teams, advisors and investors move forward through change. The firm brings a powerful combination of expertise and capital to clients, developing customized solutions on an integrated or standalone basis across four services areas: valuations, dispositions, financing and investment. Whether to fuel growth or facilitate strategic consolidation, Gordon Brothers partners with companies in the retail, commercial and industrial sectors to provide maximum liquidity, put assets to their highest and best use and mitigate liabilities. The firm conducts more than $100 billion worth of dispositions and appraisals annually and provides both short- and long-term capital to clients undergoing transformation. Gordon Brothers lends against and invests in brands, real estate, inventory, receivables, machinery, equipment and other assets, both together and individually, to provide clients liquidity solutions beyond its market-leading disposition and appraisal services. Gordon Brothers is headquartered in Boston, Massachusetts, with over 30 offices across five continents.

Consumer

KidKraft recapitalization