Sleeping Bear Capital Acquires Venice Longboards

Lundbeck to Acquire Longboard Pharmaceuticals

October 14, 2024

Healthcare Services

H. Lundbeck A/S will acquire Longboard Pharmaceuticals, a clinical-stage biopharmaceutical company focused on neurological diseases, in a deal valued at about USD 2.6 billion equity value. Lundbeck plans to commence a tender offer for all outstanding Longboard shares at USD 60.00 per share in cash, with the transaction expected to close in Q4 2024 subject to tender, regulatory clearances, and customary conditions.

HCAP Partners Invests in Gondola Skate Moving Systems

April 10, 2024

Manufacturing

HCAP Partners, a California-based private equity firm, announced a minority growth investment in Gondola Skate Moving Systems to support the company’s customer growth, operational improvements, and potential strategic acquisitions. Terms were not disclosed; the investment will also include HCAP’s Gainful Jobs Approach to improve job quality and support planned hires.

3Z Brands Acquires Leesa Sleep

March 15, 2023

Consumer Products

3Z Brands, a vertically-integrated mattress manufacturer and DTC brand platform, has acquired Leesa Sleep, a direct-to-consumer mattress company founded in Virginia Beach. The deal expands 3Z's portfolio of sleep brands and strengthens its manufacturing and digital capabilities as part of an ongoing roll-up strategy backed by private equity.

Camano Capital Acquires Majority Stake in Turtle Fur

June 15, 2022

Consumer Products

Private equity firm Camano Capital has acquired a majority stake in Turtle Fur, the Morrisville, Vermont–based manufacturer and distributor of headwear and outdoor accessories. Founder Richard Sontag will retain partial ownership; the capital infusion is intended to support product expansion and continued brand stewardship in Vermont.

Sandbridge Capital Makes Minority Investment in U Beauty

June 10, 2022

Consumer Products

Sandbridge Capital, a Los Angeles-based growth equity firm, took a minority stake in U Beauty, the premium skincare brand founded by Tina Craig and Katie Borghese. The undisclosed investment will fund new product category launches and accelerate sales online and in retailers (U Beauty sells at over 100 retailers and expected revenues were cited at ~$15M in 2022).

Berggruen Holdings and Sleeping Bear Capital Take Majority Stake in Phenomenon

July 24, 2019

Marketing & Advertising

Los Angeles-based Berggruen Holdings and San Francisco-based Sleeping Bear Capital announced a strategic majority investment in Phenomenon, a Los Angeles-based business transformation and brand agency. The investors plan to use Phenomenon as a platform for add-on acquisitions to expand capabilities in social marketing, AI-based marketing tools, and strategic media planning.