CID Capital and ORIX Mezzanine & Private Equity have acquired Toronto-based Giftcraft, a provider of fashion, decor, giftware, health, wellness and gourmet consumer products. No financial terms were disclosed. Piper Jaffray was financial adviser to Giftcraft on the deal.
Giftcraft Ltd. (“Giftcraft”) has been acquired by CID Capital (“CID”) and ORIX Mezzanine & Private Equity (“ORIX”). The terms of the transaction were not disclosed.
Piper Jaffray served as exclusive financial advisor to Giftcraft in connection with the transaction.
Founded in 1945 and based in Toronto, Ontario, Giftcraft is an industry leader in the areas of design, sourcing and distribution of a comprehensive assortment of lifestyle, fashion, decor, giftware, health, wellness and gourmet consumer products. Offering best-in-class sales, service and backend supply chain support, Giftcraft supports the product and merchandising needs of a diverse network of more than 25,000 independent, specialty and marquee retailers throughout North America. The company has also developed a growing online presence selling to both independent retail customers and consumers.
Founded in 1981, CID is a private equity group based in Indianapolis, Indiana. The firm focuses primarily on the consumer products, industrials and business services sectors. CID makes control investments in high-quality, lower-middle market companies that have shown a consistent track record of success and financial results. CID aims to provide strategic planning, deep industry experience, resources and capital to overcome critical constraints and build long-term value for its portfolio companies.
A business unit of ORIX Corporation USA, ORIX Mezzanine & Private Equity invests control and non-control equity and mezzanine capital or a combination of the two strategies in lower-mid to middle-market companies throughout North America. ORIX USA’s parent company, ORIX Corporation, is a publicly owned international financial services company with operations in 38 countries and regions worldwide, founded in 1964.