LVC invests in Soho Studio Corp
Summary
From its New York, NY headquarters, Soho is disrupting the highly fragmented and staid flooring and wall coverings industry with unparalleled innovation, sophistication, and customer service. Its robust and predominantly proprietary product portfolio is sold to residential and commercial (e.g. hotel, restaurant, office) contractors, architects, design firms, developers, and individual consumers through the U.S. via a variety of channels, including its NYC showroom, a network of ~1,200 wholesale stores, a sizeable and growing sales team, and its TileBar.com e-commerce platform. “Leveraging decades of experience and capitalizing on shifts in consumer and builder preferences for ceramic tile and stone, the Soho management team has created a unique value proposition around high-quality, differentiated, and competitively priced products sold through innovative channels and supported by superior customer service. Having managed over $500 million of capital spanning three funds coupled with 150 years of combined operating and investing experience, our team is the ideal partner for middle market companies at inflection points and seeking to maximize value. Our opportunistic investment strategy provides the flexibility to partner with attractive businesses across a variety of industries and situations, and we tailor transaction structures to meet the company and stakeholders’ objectives.