Long Point Capital News

Long Point Capital Announces Recapitalization of UMA Enterprises and New Partnership with Employees

Long Point Capital is pleased to announce that it has partnered with the employees of UMA Enterprises to complete a recapitalization by an Employee Stock Ownership Plan ("ESOP"). Through the transaction, LPC returned a portion of investment capital to its limited partners while remaining significantly invested in the business. UMA represents the fourth transaction where LPC has recapitalized a portfolio company through a PE+ESOP Recapitalization.

Ira Starr, Managing Director of Long Point Capital, said, "UMA has experienced tremendous growth and strategic development since our initial investment in 2008. We are pleased to provide investors with partial liquidity and excited about the partnership with employees going forward. The creation of an ESOP gives employees real ownership in the business.”

Headquartered in Compton, CA, UMA is a full-service importer and wholesaler of home décor products. UMA serves a diverse customer base including specialty retail stores, furniture stores, discount stores, distributors and non-traditional home décor retailers throughout the United States and internationally.

If you have questions about this transaction, please contact: Ira Starr, Naimish Patel or Will Albertus. For an overview on ESOP transactions, please click here.