Moorpark, CA – Abbyson Living Corporation (“Abbyson” or the “Company”), a provider of high-quality and affordable furniture and accessories, has been recapitalized by Solace Capital Partners (“Solace”) to position the Company for continued growth.
Since its founding in 2008, Abbyson has grown dramatically to become an industry leader within the online channel of the home furnishings category. Abbyson’s diverse product offering spans the entire home, and its excellence in quality and design, as well as its unique marketing approach, has helped to create a strong brand name with online shoppers. This is evidenced by its deep roster of blue-chip e-commerce partners, including Wayfair.com, Overstock.com, Costco.com, Target.com and Macys.com.
“FocalPoint helped us evaluate all of our alternatives and make the ‘right’ choice in a partner. We are thrilled to work with the Solace team,” commented Yavar Rafieha, President of Abbyson Living.
“We were impressed by the management team and the strong performance to date. Abbyson Living is truly a pioneer in the fastest growing niche of the home furnishings industry, the e-commerce channel,” commented Chris Brothers, Managing Partner at Solace.
“We are very excited to help partner Abbyson Living and Solace. Solace had significant industry expertise which helped them truly understand the uniqueness of Abbyson Living’s business model. We expect the two parties to have a very bright future together,” commented Duane Stullich, Managing Partner at FocalPoint.
Headquartered in Los Angeles, CA, Solace Capital Partners focuses on constructive investing in lower-middle market companies in the United States and Canada. Solace provides flexible debt and equity solutions for established businesses. The firm seeks to leverage its extensive expertise to provide financial stability, lead operational improvements and drive performance growth in its portfolio companies. For more information about Solace Capital Partners, visit solacecap.com.
FocalPoint is an independent investment bank, specializing in mergers and acquisitions, private placements (both debt and equity), financial restructurings, and special situation transactions. With offices in Los Angeles and Chicago, the firm serves middle-market clients throughout the U.S. Since its inception in 2002, FocalPoint has completed approximately $5 billion in transactions. For more information on FocalPoint Partners, visit focalpointllc.com.
Please contact Duane Stullich at 310.405.7070 with any questions about this transaction.