Highlighted transactions

Consumer

 

The Step2 Company, LLC

A portfolio company of Ares Capital Corporation

Piper Jaffray served as exclusive financial advisor to Step2 on its sale to Aterian Investment Partners.

Client Description

Step2 is the leading manufacturer of large-format, children's toys in the United States and the largest rotational molder in North America. The company markets a variety of products across seven toy categories as well as several home and garden categories, selling globally through the toy specialty, mass, eCommerce and other channels. Step2 has long been recognized for its award-winning imaginative play products recently winning three awards for TTPM's (Toys, Tots, Pets & more) holiday 2016, "Most Wanted Toys." Step2 was founded in 1991 and is based in Streetsboro, Ohio.

Counterparty Description

Aterian Investment Partners is an operationally-focused middle market private equity firm, providing resources to further enhance operations, growth and investment initiatives. The firm invests in businesses generating $25 million to $500 million of annual revenue with strong, proven franchises. After making an investment, Aterian, in partnership with management, seeks to focus on the critical growth, operational and liquidity initiatives of a business in an effort to drive value creation for all stakeholders. Aterian was founded in 2010 and is based in New York, New York.


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