New PE Firm Nabs Paddywax Stake

Davis, Avram
August 2009
Mergers & Acquisitions Report;8/10/2009, Vol. 22 Issue 32, p28
The article reports on the acquisition of a control stake in Paddywax by Nashville, Tennessee-based equity firm DesignWorks Investments. According to Paddywax founder David Duncan, the company intends to introduce additional brands in the home fragrance department in the mass and mid-market channels. The merger is categorized as a recapitalization. The equity firm plans to focus on the gift and stationery industry.


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