Norwest Mezzanine Partners Supports Highlander Partners in Acquisition of SFERRA
October 24, 2018
Minneapolis, Minnesota – Norwest Mezzanine Partners (NMP) has invested a combination of subordinated debt and equity securities to support Highlander Partners in its acquisition of SFERRA, a leading luxury linens and lifestyle company and brand recognized for design, textile innovation, trusted quality, and craftsmanship.
“We’re pleased to again have NMP invest alongside us in SFERRA. The NMP team’s continuous support and flexibility make them excellent partners for Highlander,” commented Charles Thomas, Vice President at Highlander Partners.
SFERRA is a leader in consumer luxury bed and bath linens and other home textiles. The company is known for its fine Italian craftsmanship and for sourcing premium natural fibers from the foremost global resources to create its luxury products. SFERRA’s multi-channel distribution platform consists of over 800 home specialty boutiques, major luxury department stores, SFERRA.com, and select hospitality locations.
Carter Balfour, NMP Partner, stated, “The SFERRA brand is well regarded and established, and the company is a clear leader in the luxury bedding and home goods space. We are excited to partner with Highlander and SFERRA’s experienced management team, and we believe the company is in a strong position to successfully execute its growth strategy.”
About Highlander Partners
Highlander Partners, L.P. is a Dallas-based private investment firm with over $2.0 billion of assets under management. The firm focuses on making investments in businesses in targeted industries in which the principals of the firm have significant operating and investing experience, including basic manufacturing, food, chemicals, building materials, consumer products, and others. Highlander Partners uses a “buy and build” investment approach, creating value by helping companies grow organically and through acquisitions. For more information, visit www.highlander-partners.com.