Kids2 is a global purpose-driven company that designs, manufacturers and sells infant and juvenile equipment, toys & educational materials to provide holistic solutions to early-stage parents and families. The Kids2® brand portfolio includes Baby Einstein®, Ingenuity®, Bright Starts®, and Summer Infant®. Headquartered in Atlanta and led by CEO Ryan Gunnigle, the business operates globally in over 90 countries while maintaining an agile, entrepreneurial culture.
Kids2 had the opportunity to acquire through a take private transaction, Summer Infant and sought financing to facilitate the transaction. Adding the Summer Infant brand and an expanded product assortment will propel the Company towards its goal of achieving $1.0 billion in revenues and providing innovative products and real-life solutions to growing families.
SLR Credit Solutions provided a $30,000,000 first out term loan in a $110,000,000 first lien term loan. The facility was secured by all non-working capital assets, leveraging the value of the Company’s intellectual property and brand value, as well as a second lien position in the working capital assets.