Dunes Point Capital LP, a family office and private investment firm, has bought Kwalu LLC, a senior living, education, and healthcare furniture services company.
Kwalu, headquartered in Atlanta, Ga., is a designer and manufacturer of furnishings, including seating, tables and case goods. The company has a manufacturing facility in Matamoros, Mexico and showrooms in Atlanta and Chicago, employing approximately 800 people.
Dunes Point Capital Fund III LP provided the controlling equity for the transaction. The debt financing for the transaction was provided by Twin Brook Capital Partners. Kirkland & Ellis LLP served as legal advisor to DPC, and Alvarez & Marsal served as financial advisor to DPC. Genesis Capital LLC served as financial advisor to Kwalu.