CID Capital Partners with LumiSource
Indianapolis-based private equity firm CID Capital (“CID”) announced that it has partnered with LumiSource. Founded in 1997, LumiSource is a provider of home décor and furnishings sold predominantly through online retailers. Terms of the transaction were not disclosed.
“We are very excited for the opportunity to accelerate our growth with CID as a platform for more home décor products and categories to expand our available assortment to our retail and commercial partners,” said Steve Lee, President of LumiSource.
“LumiSource’s culture is rooted in systematic and comprehensive new product development valued by a diverse set of customers across both e-commerce and traditional retail. This skillset, combined with highly sophisticated IT-driven operations, gives LumiSource a unique position for continued growth. We are excited about the partnership with the Lee Family and the rest of the LumiSource team,” said Steve Cobb, Managing Partner of CID Capital.
In support of the recapitalization, Stifel Bank provided the senior financing and Northstar Capital provided the subordinated debt financing. Mesirow Financial, Inc. acted as exclusive financial advisor to LumiSource on this transaction.