65 Equity Partners Acquires Minority Interest
65 Equity Partners announced the completion of a significant minority investment in Kendra Scott, the celebrated lifestyle and accessories brand. The partnership marks an important milestone for Kendra Scott, solidifying the brand’s continued growth and longevity in the market. HPS Investment Partners and Belzberg & Co co-invested alongside 65 Equity Partners in the transaction.
"I have never been more excited about our business, and 65 Equity Partners will allow our brand to grow while staying true to our mission. The international investment firm's focus on supporting entrepreneurs in their growth journey complements our efforts as we build a globally recognized lifestyle brand."
Founded in 2002, Kendra Scott has grown to become a widely celebrated brand that has seen remarkable growth by staying attuned to evolving market demands and consumer trends, leading in innovation and personalization, and remaining committed to its foundational values of family, fashion and philanthropy.
"Partnering with 65 Equity Partners represents a pivotal moment in our journey. We continue to see success across all channels with increased traffic, double-digit revenue growth, and outperforming industry standards. We are thrilled about the opportunities this partnership brings and are confident in the brand's continued expansion and growth."
Catering to a multi-generational customer base, the Kendra Scott brand has built its success on authenticity and continues to solidify its position as a leading accessory destination. Under this new partnership, Kendra Scott will remain bullish in retail by opening new stores, collaborating with culturally relevant partners, and expanding into crucial categories in the upcoming years.
"We are excited to partner with Kendra, Tom and their exceptional team. Kendra Scott is a leading brand that aligns with our investment philosophy of supporting strong, founder-led companies with a clear mission and established market presence. We look forward to working together in support of the company's growth initiatives."
