Goense Bounds & Partners has sold Stein World to Wingate Partners
Lincoln International, a leading global mid-market investment bank, has announced the sale of Stein World (“Stein World”), to Wingate Partners (”Wingate”), a private investment firm based in Dallas, Texas. Lincoln International acted as the exclusive financial advisor to Stein World in the transaction. Terms of the transaction were not disclosed.
Based in Memphis, TN, Stein World is a leading designer, importer and marketer of residential accent furniture and decorative lighting, rapidly growing categories of the home décor industry. Since pioneering the mid-priced segment, Stein World has emerged as one of the fastest growing and largest participants in these highly fragmented categories through its ability to offer customers a unique value proposition. Stein World’s market-leading position provides an excellent platform for further growth.
About Wingate Partners
Wingate Partners is a private equity firm based in Dallas, Texas with approximately $500 million under management. Wingate was founded in 1987 to acquire controlling interest in middle market companies in transition, including underperforming companies and companies in changing or out of favor industries. In both cases, equity value is created by improving operating performance of the business and by developing long-term strategies to exploit changing industry dynamics. www.wingatepartners.com
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