It was announced on January 25th that Praesidian Capital acquired a controlling interest in Round 2!
Praesidian Capital is a private investment firm focused on providing senior and subordinated debt along with growth capital to private lower middle market businesses in the United States, United Kingdom, Germany, and selectively in Northern Europe. Praesidian also recently launched a private equity strategy focused on control positions in lower middle market businesses.
Jason Drattell, Praesidian Founder, stated:
We are excited to partner with Tom Lowe, founder and CEO of Round 2. Round 2 has emerged as a market leader in the collectibles space and we look forward to supporting the management team as the Company continues to expand its product offerings.
Glenn Harrison, Praesidian Capital Partner said:
Product design and innovation will always be at the core of Round 2’s growth strategy but we also believe there is significant consolidation opportunity within the highly fragmented collectibles space. We will be working closely with the Round 2 team to continue to build on its already impressive list of brands.
Tom Duffy, Managing Director at Praesidian added:
We are pleased to have closed on another platform company. Round 2’s brands are well-known within the collectibles industry and the Company has an impressive track record of growth.
And from Round 2’s Tome Lowe:
I’m thrilled to be partnering with the Praesidian team as they will bring significant resources as we continue to scale the business, both organically and through acquisitions.
The deal with Round 2 represents the second platform company closed by Praesidian Capital under its recently launched private equity strategy.
For more information, go here: https://www.businesswire.com/news/home/20210125005285/en/Praesidian-Capital-Acquires-Collectibles-Business