65 Equity Partners Leads Minority Investment in Kendra Scott
September 13, 2024
65 Equity Partners completed a minority investment in Kendra Scott Design, Inc., with HPS Investment Partners and Belzberg & Co. co‑investing alongside. Founder Kendra Scott remains the majority owner and will increase her equity stake; the transaction redeems preferred stock held by Berkshire Partners and Norwest Venture Partners and is intended to support store, product and geographic expansion.
- Buyers
- 65 Equity Partners, HPS Investment Partners, Belzberg & Co.
- Targets
- Kendra Scott Design, Inc.
- Sellers
- Berkshire Partners, Norwest Venture Partners
- Industry
- Consumer Products
- Location
- Texas, United States
- Transaction Type
- Growth capital
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