Recent Deals

Scout Limited has been acquired by Salem

October 17, 2013

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.

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