Stripes Group invests in Levain Bakery

DAK Announces “The Ultimate” Cookie Deal with an Investment in Levain Bakery by Stripes Group

DAK, a leading investment bank specializing in middle-market mergers and acquisitions worldwide, announces an investment in its client Levain Bakery by Stripes Group.

Since its founding in New York City in 1994, Levain Bakery has grown into a neighborhood institution for locals and an international destination for world travelers. Levain’s provides world-famous cookies and other baked goods. They are renowned for the “ultimate cookie” which has been named one of “THE 50 NEW YORK FOODS YOU NEED TO EAT BEFORE YOU DIE.”

DAK served as the exclusive investment banker and financial advisor to Levain Bakery managing the divestiture process.

“The owners of Levain Bakery have built an iconic New York institution almost exclusively by word of mouth. This transaction allows them to reap the benefits of their hard work, while gaining a strategic partner to help them continue to drive their vision” stated Michael Richmond, Managing Director of DAK.

Stripes Group is an NYC-based growth equity firm that invests in entrepreneurial consumer and internet business with passionate owners. Levain Bakery is a terrific addition to its portfolio that includes other leading brands such as: GrubHub, Stella & Chewy’s, On Running, and GoFundMe.

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VCI – Emergency Vehicle Specialists recapitalized by Tightrope Capital & NewSpring Capital

VCI is the preeminent full lifecycle sales and service provider of emergency ambulance solutions to first aid squads, EMS organizations, fire departments, hospital organizations, municipalities, and private medical transport companies in the Mid-Atlantic Region. VCI was recapitalized by private equity firms Tightrope Capital Partners and NewSpring Capital.

DAK led a competitive, sell-side process for VCI, generating multiple offers from a wide range of strategic buyers and financial sponsors. By positioning the combination of VCI’s market leadership position, comprehensive services offering, strong manufacturer relationships, and robust backlog, DAK achieved an outstanding outcome for the company’s shareholders.

The acquisition provides the shareholders of VCI an opportunity to accelerate its growth strategy by expanding its core ambulance business, building out the value-added segments of conversions and remounts, implementing operational improvements, and pursuing acquisitions with the help of its new partners. Tightrope and NewSpring have an opportunity to leverage VCI’s strong management team and operating platform to build a multi-regional player in emergency ambulance solutions.

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