CID Capital Recapitalizes Giftcraft Ltd.
January 22, 2019
CID Capital completed a recapitalization and new investment in Giftcraft Ltd., partnering with CEO Trevor Cohen and EVP Gary Polan who will remain in their roles. HSBC and Orix Mezzanine & Private Equity supported the recapitalization while Piper Jaffray advised Giftcraft; CID intends to pursue add-on acquisitions to accelerate Giftcraft's growth.
- Buyers
- CID Capital, HSBC, Orix Mezzanine & Private Equity
- Targets
- Giftcraft Ltd.
- Platforms
- Giftcraft Ltd.
- Industry
- Consumer Products
- Location
- Ontario, Canada
- Transaction Type
- Recapitalization
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