One of the leading manufacturers of kids’ furniture and playsets is exploring options for the future.
Texas-based KidKraft struck a deal with Gordon Brothers to support its liquidity and continued exploration of strategic alternatives for the company. Baird Financial Group worked with KidKraft to pursue a cash infusion that will allow the company to continue servicing its supply chain partners that produce its range of wooden dollhouses, kitchens, vehicles, furniture, and outdoor toys.
“As a result of the process run by Baird, Gordon Brothers is partnering with KidKraft to provide additional runway to evaluate strategic alternatives including a potential sale of the company,” says Geoff Walker, President and CEO of KidKraft. “Additionally, utilizing Gordon Brothers’ consultant services and leveraging their consumer industry asset expertise will allow us to continue to drive stability for future success from both a capital and operations standpoint.”
Gordon Brothers specializes in providing short- and long-term capital to clients undergoing transformation.
“In supporting a market leader like KidKraft, we were able to provide a fast-moving solution that provided stability to the capital structure,” says Kyle C. Shonak, Senior Managing Director, Transaction Team & Head of North America Lending at Gordon Brothers. “Our patient and flexible capital as business cycles unfold puts us at the forefront of innovation and progress, and our partnership will maximize value for all stakeholders and support the future state of the company.”
KidKraft products are available through more than 2,800 retailers in more than 90 countries. Walker, a former Mattel exec, joined the company in 2019.
