Fan Bi (buying $5-30M DTC brands)

Working with a ~$8m rev women’s brand, strong customer profile ($650+ LTV, $5k+ for membership), omnichannel, growing at 41% YoY since July 1 and 25% up for year with strong margins, and well inventoried. Should be ~EBITDA breakeven next year. EBITDA loss this year mostly due

WSJ reported that Spindrift close to a $650m+ exit to PE firm, Gryphon Investors, after a market M&A process. Founded in 2010. Est. rev of $260m and $25m of EBITDA. Total funding ~$75m, investors include VMG and Karp Reilly. https://t.co/bzDLZ3HQ2T