Z Capital Follows Up Restaurant Deal with Home Furnishings Maker Twin-Star International
Private Equity firm Z Capital Partners LLC has backed fireplace maker Twin-Star International Inc. Financial terms of the investment were not disclosed.
Twin-Star, based in Delray Beach, Florida, manufactures fireplaces, electric heaters, wall mounts and cabinets. The target is known for its Duraflame brand. In addition, Twin-Star also owns Bell’O Digital headphones and home entertainment products.
“Z Capital’s financial strength, acumen and operational expertise will help Twin-Star continue to enhance and expand our product offerings and better serve our customers,” says Twin-Star chief financial officer Peter Harper.
Z Capital has offices in New York, Chicago, Newport Beach, California and Zurich, Switzerland. The PE firm recently announced plans to buy the Pink Taco restaurant Brand.
Maker of home goods are benefiting from trends in the real estate market, including increases in the purchases of new homes. Hooker Furniture Corp. (Nasdaq: HOFT) agreed to buy Home Meridian International Inc. and Mattress Firm Holding Corp. (Nasdaq: MFRM) completed its deal for rival Sleepy’s.