Year: 2012

Industry: Enthusiast Brands & Active Lifestyle, Healthy Living

Service: Sell-Side M&A

Geography: North America

Exclusive Advisor to Manduka on Sale to Dolphin Capital

Manduka Holdings, which designs, sources, markets and distributes a comprehensive selection of technically designed yoga accessories, including mats, towels, bags, bolsters, props and mat wash and distributes its products in over 1,700 yoga studios as well as through specialty retailers, engaged Financo as its exclusive financial advisor. The Company’s multi-layered shareholder base had a straightforward objective for the company, yet differing personal objectives.

Financo spearheaded a competitive sale process and introduced the company to multiple parties. We helped Manduka execute a recapitalization with Dolphin Capital, a niche fund investing in lower middle market companies. Selling shareholders realized attractive returns and immediate liquidity and management shareholder upside opportunity.

  • 2012

This transaction was completed prior to Raymond James’ acquisition of Financo.