L2 Capital Partners Acquires Rugs Direct (Winchester Carpet & Rug Co.)

Rugs Direct (L2-backed) Acquires Lightopia

January 10, 2022

E-Commerce

Rugs Direct Holdings, backed by private equity firm L2 Capital Partners, has acquired Lightopia, an omnichannel lighting retailer with retail showrooms and an ecommerce store in Southern California. The deal expands Rugs Direct's product offering into the lighting category as an add-on to its home furnishings ecommerce platform to drive category expansion and cross-selling opportunities.

Francisco Partners Acquires Majority Stake in RugsUSA from Comvest Partners

September 10, 2021

E-Commerce

Francisco Partners has signed a definitive agreement to acquire a majority stake in RugsUSA, an e-commerce retailer of area rugs and home décor, from Comvest Partners in a growth investment; Comvest and founder Koorosh Yaraghi will retain minority stakes. The transaction, announced September 2021 and completed in November 2021, will support RugsUSA’s expansion into new categories and geographies; financial terms were not disclosed.

L2 Capital Acquires Robbins Sports Surfaces

January 8, 2024

Building Products

L2 Capital has completed the acquisition of Robbins Sports Surfaces, a Cincinnati-based, vertically integrated manufacturer of hardwood sports and dance flooring founded in 1894. Merion Investment Partners co-invested and PNC Business Credit provided debt financing; terms were not disclosed.

Dunes Point Capital Acquires Stanton Carpet Corp.

October 4, 2021

Building Products

Dunes Point Capital (DPC), a family office/private investment firm, has acquired Stanton Carpet Corp., a Woodbury, New York-based designer and supplier of premium branded carpet, rugs and luxury vinyl plank. The transaction, which involved funds managed by DPC alongside management and co-investors and debt financing from Antares Capital and Churchill Asset Management, represents a change of ownership from Quad‑C Management.

J.H. Whitney Capital Partners Acquires Cooley Group

January 5, 2021

Manufacturing

J.H. Whitney Capital Partners acquired Cooley Group from the Siener family in a take-private buyout; Alantra acted as advisor. Following the transaction, Cooley — now PE-backed — completed an add-on acquisition of Vintex Inc., expanding its coated-textiles and medical/industrial solutions footprint.

L2 Capital Partners Recapitalizes YakAttack

December 8, 2021

Consumer Products

L2 Capital Partners recapitalized YakAttack, a vertically integrated designer and U.S. manufacturer of kayak fishing accessories headquartered in Farmville, Virginia. Salem Investment Partners and Oxer Capital provided debt financing and co-invested; terms were not disclosed. L2 said it will partner with founder Luther Cifers and management to expand product development, sales channels and distribution.