Fixtures Living, a retailer of lifestyle products for the home, has received an investment from Catterton Partners.
“Fixtures Living has developed a game-changing retail model,” said Scott Dahnke, Managing Partner at Catterton Partners. “By delivering a full-immersion retail experience that facilitates the relationship between consumers, trade professionals, and leading brands, the company has succeeded in creating a retail concept that is positioned to win. This concept is unlike any other that we have seen. We are excited to partner with the talented team at Fixtures Living to help the company realize its immense potential.”
Fixtures Living carries an array of best-in-class products for indoor and outdoor living spaces — kitchens, laundry rooms, and bathrooms. Unlike typical industry showrooms, Fixtures Living’ stores invite consumers to enjoy a 360 degree sensory experience that uses live kitchens and working bath fixtures (from decorative plumbing to entire health and wellness systems), and by recruiting and retaining a welcoming and knowledgeable staff who encourage guests to “Live Joyfully™.” The company currently has three showrooms in Southern California and plans to expand across the U.S. over the next several years, including adding two locations later this year – one in San Diego at the Westfield UTC luxury center and one in the Glendale Galleria. Fixtures Living was founded in 2009 and is based in San Diego (www.fixturesliving.com).
Chief Executive Officer Jeffery Sears and the current management team will continue to lead the company as it expands its presence across the country. Mr. Sears, along with co-founder and Chairman Jim Stuart, will retain a significant stake in the company.
“The Fixtures Living concept has created a new way for the consumer to choose lifestyle goods for the home. Our innovative approach is embraced enthusiastically by homeowners and industry professionals who appreciate the opportunity to test-drive products in an inviting and interactive setting. This fosters a connection between the visitor and the products that helps them create the types of moments they wish to share in their homes,” said Mr. Sears. “We look forward to working with Catterton, a partner with significant experience growing similar best-in-class retailers such as Restoration Hardware. Together, we are well-equipped to capitalize on the vast opportunity we see to fill a void in the current marketplace.”
Catterton Partners focuses exclusively on the consumer industry. The firm invests in all major consumer segments, including Food and Beverage, Retail and Restaurants, Consumer Products and Services, and Media and Marketing Services. Founded in 1989, the firm has more than $3 billion of capital under management and is located in Greenwich, CT (www.cpequity.com).
Valtus Capital Group (www.valtuscapital.com) acted as Valuation Advisor to Fixtures Living in connection with this transaction.
© 2013 PEPD • Private Equity’s Leading News Magazine • 3-1-13
