Round 2 (Praesidian Capital) Acquires Lionel, LLC to Form Lionel Brands Group

Praesidian Capital Makes Follow-On Equity Investment in Round 2, LLC

November 10, 2025

Consumer Products

Praesidian Capital completed a strategic follow-on equity investment in Round 2, LLC, a South Bend, Indiana-based designer and manufacturer of collectible models, die-cast vehicles and hobby products. The additional capital will support product development, supply-chain capabilities, digital engagement and expanded distribution — including international growth — building on Praesidian’s original 2021 investment.

Round 2 (Praesidian Capital Portfolio) Acquires Big Country Toys

January 4, 2022

Consumer Products

Round 2, a collectibles platform backed by Praesidian Capital, has acquired Big Country Toys, an Arkansas-based designer, manufacturer and retailer of farm, ranch and rodeo toys and collectibles. The add-on expands Round 2's product offering into a new vertical and opens additional growth channels to mass merchants and hobby customers.

Round Room Live Management and Manhattan West Complete Buyout of Hasbro Subsidiary Stake

October 21, 2022

Media & Entertainment

Founders Stephen Shaw and Jonathan Linden completed a management buyout of Round Room Live’s lead investor (a subsidiary of Hasbro, Inc.), with backing from Los Angeles-based investment firm Manhattan West. The transaction returns control to Round Room’s management and provides a strategic partnership with Manhattan West to support global growth of the company’s touring shows and immersive exhibitions.

Praesidian Capital Acquires Leading Testing Business

August 26, 2021

Industrial Services

Praesidian Capital, a New York–based private equity firm, acquired a controlling interest in a leading materials/testing services business that serves energy, aerospace & defense, laboratory, steel & pipe and other industrial markets. Praesidian said it will partner with management to scale the business organically and through strategic acquisitions to expand capabilities and market share.

Lion Electric Completes Business Combination with Northern Genesis Acquisition Corp.

May 6, 2021

Automotive

Lion Electric completed a business combination with special purpose acquisition company Northern Genesis Acquisition Corp., resulting in approximately US$490 million of net proceeds (including a concurrent PIPE). As a result of the transaction Lion began trading on the NYSE and TSX under the ticker LEV; the proceeds will be used to finance U.S. manufacturing expansion, develop battery systems and repay outstanding debt. Lion's founder and CEO Marc Bédard will continue to lead the company, and Northern Genesis directors Ian Robertson and Chris Jarratt joined the board.

Sentinel Capital Partners Acquires L2 Brands

November 16, 2022

Consumer Products

Sentinel Capital Partners has acquired L2 Brands, a designer, manufacturer and marketer of custom apparel and headwear serving the collegiate, destination/leisure and corporate markets. The purchase expands Sentinel’s branded consumer products platform and supports growth of L2’s integrated design-to-shipment manufacturing capabilities, which include facilities in Hanover, Pennsylvania and San Salvador, El Salvador. Financial terms were not disclosed.