Norwest Equity Partners Acquires Thibaut

Norwest Equity Partners Acquires MDC Interior Solutions

April 29, 2024

Building Products

Norwest Equity Partners (NEP) has acquired MDC Interior Solutions, a 50+ year provider of commercial interior wallcoverings and design solutions. The transaction closed April 26, 2024; NEP will partner with MDC management to support growth initiatives and expand the company's end markets and product portfolio.

Norwest Equity Partners Acquires QTI Fibers from Highlander Partners

July 1, 2022

Manufacturing

Norwest Equity Partners (NEP) completed a transaction to acquire QTI Fibers, a vertically integrated designer and manufacturer of technical fibers, fabrics and coated materials, on July 1, 2022. NEP intends to support product, customer and end-market expansion at QTI, which operates major manufacturing facilities in Dothan, Alabama and Colfax, North Carolina; management will be led by Allen Smith (CEO) with Roger Arciniega as Non‑Executive Chairman.

Thibaut Acquires Rosemary Hallgarten

June 27, 2024

Consumer Products

Thibaut, the 138-year-old fabric, wallpaper and furniture company, has acquired textile brand Rosemary Hallgarten. Founder Rosemary Hallgarten will remain as chief creative officer; the companies will remain separate in the marketplace while Hallgarten’s business will begin to use Thibaut’s logistics, warehousing and IT resources. Terms were not disclosed.

Thibaut Acquires Italian Textile and Furniture Brand Coraggio

July 26, 2022

Consumer Products

New Jersey–based design brand Thibaut has acquired Italian textile and furniture company Coraggio, with the deal closing on July 13, 2022. The acquisition brings Coraggio’s textiles, furniture and 11 showrooms into Thibaut’s portfolio to expand product offerings and deepen relationships with interior-design trade customers; terms were not disclosed.

Norwest Equity Partners Invests in recteq

February 1, 2021

Consumer Products

Norwest Equity Partners (NEP) made a significant growth investment in recteq, a designer, marketer and direct-to-consumer seller of premium pellet grills, closing on January 29, 2021. The investment will support recteq's product, channel and geographic expansion while partnering with founders Ron Cundy and Ray Carnes; financial terms were not disclosed.

TowerBrook Capital Partners to Acquire Majority Stake in Bruneau from Equistone

July 28, 2021

E-Commerce

TowerBrook Capital Partners has signed a binding agreement to acquire a majority stake in Bruneau from Equistone Partners Europe, subject to regulatory approval and employee consultations. Bruneau is a leading European online distributor of office furniture and supplies (active in six countries with ~930 employees), and TowerBrook intends to support the group's organic growth, product offering expansion and digital customer acquisition.