Scout Limited, Inc., headquartered in Goldsboro, North Carolina, is a leading designer, importer and marketer of branded, high value home décor, giftware, decorative accessories and lighting products. Scout’s Products are sold under the Park Designs and Split P brands to more than 7,000 retailers in North America.
Situation:
- Scout was majority owned by Dogwood Equity Partners, who was seeking liquidity for their investment
- The management team wished to remain and continue to build the company if at all possible
Challenges:
- Achieve maximum value for the majority shareholders who were exiting while structuring the best deal for the management team if a financial buyer submitted a competitive offer
Successful Solution:
- Anderson LeNeave ran a parallel process, approaching a focused group of strategic buyers and financial investors with an interest in the home furnishings space. Scout was recapitalized through a majority sale of the company to Salem Investment Partners III.