Gordon Brothers committed new capital to support KidKraft’s liquidity and continued exploration of strategic alternatives. The U.S. wholesaler of outdoor and indoor children’s playsets will continue to service its supply chain partners as it evaluates strategic alternatives with Gordon Brothers’ financing support.
“In supporting a market leader like KidKraft, we were able to provide a fast-moving solution that provided stability to the capital structure,” Kyle C. Shonak, senior managing director of the transaction team and head of North America lending at Gordon Brothers, said. “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.”
“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,” Geoff Walker, CEO and president of KidKraft, said. “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.”
