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Gordon Brothers Commits New Capital to Support KidKraft’s Liquidity & Exploration of Strategic Alternatives

February 22, 2024, 07:55 AM

Gordon Brothers committed new capital to support KidKraft Inc.’s liquidity and continued exploration of strategic alternatives.
The U.S. wholesaler of outdoor and indoor children’s playsets will continue to service its supply chain partners as it evaluates strategic alternatives with Gordon Brothers’ financing support.
“In supporting a market leader like KidKraft, we were able to provide a fast-moving solution that provided stability to the capital structure,” said Kyle C. Shonak, Senior Managing Director, Transaction Team & Head of North America Lending at Gordon Brothers. “Our patient and flexible capital as business cycles unfold puts us at the forefront of innovation and progress, and our partnership will maximize value for all stakeholders and support the future state of the company.”
“As a result of the process run by Baird, Gordon Brothers is partnering with KidKraft to provide additional runway to evaluate strategic alternatives including a potential sale of the company,” said Geoff Walker, Chief Executive Officer and President of KidKraft. “Additionally, utilizing Gordon Brothers’ consultant services and leveraging their consumer industry asset expertise will allow us to continue to drive stability for future success from both a capital and operations standpoint.”
Gordon Brothers provides both short- and long-term capital to clients undergoing transformation. The firm lends against and invests in brands, real estate, inventory, receivables, machinery, equipment and other assets, both together and individually, to provide clients liquidity solutions beyond its market-leading disposition and appraisal services.
Gordon Brothers partners with management teams, private equity sponsors, strategic buyers and asset-based lenders globally to provide its expertise and additional capital in special situations. The firm’s tailor-made solutions provide clients additional capital alongside traditional debt and equity, and its structures complement senior asset-based lending facilities and include credit and yield enhancements.

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