EuroDesign is the leading manufacturer and installer of customized kitchen cabinets for production homebuilders in the California market.
Long Point Capital invested in EuroDesign through a leveraged recapitalization structure, where the owners of the Company monetized the majority of the illiquid value contained in the business, while continuing to retain a significant ownership interest in the Company and working with Long Point to transition to a new management team.
The Company transitioned to a new management team and continued to expand its geographic presence. During the unprecedented downturn in the California housing market, the Company downsized its operations and was sold to a private equity group.
Eric Von Stroh: 212-593-1800 / firstname.lastname@example.org