Castanea Partners

Castanea Partners is a private equity firm that partners with small to mid-market companies in branded consumer products and services. They provide equity capital to companies in industry sectors such as business services, consumer products & services, education & training, retail & restaurant, and sports & entertainment. The firm was founded in 2001 by Brian Knez and Rob Smith, former co-CEOs of Harcourt General and The Neiman Marcus Group. Their investment strategy includes traditional management buyouts, sales of private companies, industry consolidation opportunities, growth and acquisition equity, and operationally challenging situations. Castanea is currently investing from its third fund, a $575 million fund that targets companies with enterprise values up to $250 million and revenues between $10 million and $150 million. The firm's target investment size is between $15 million and $150 million, although they have the ability to call upon additional resources to pursue larger investments and follow-on acquisitions. Over the years, Castanea has invested in various consumer brands, including Astor & Black, Decision Resources, Donald J Pliner, and Drybar. Their portfolio reflects a commitment to supporting and growing consumer-focused businesses across multiple sectors. The firm's name, Castanea, originates from Castanea Dentata, the scientific name for the American Chestnut, symbolizing strength and resilience. This reflects their approach to building enduring consumer brands through strategic partnerships and operational support. Castanea's team leverages decades of experience to provide financial, strategic, and operational support to their partner companies, aiming to realize their visions and foster growth and innovation. Their consultative approach and aligned interests have led to consistent and meaningful outcomes for all stakeholders involved. The firm's heritage and deep expertise in the consumer sector enable them to identify and nurture brands with significant growth potential, contributing to the success and expansion of their portfolio companies. Their focus on partnership and impact underscores their commitment to empowering brand founders and driving value creation in the consumer products and services industry.