“September 30, 2020 – (Dallas, TX) – Altacrest Capital LLC (“Altacrest”), a Dallas-based private equity firm that invests in growing eCommerce brands, has acquired a controlling interest in Big Dot of Happiness (“Big Dot”; please see https://www.bigdotofhappiness.com/), a leading online seller of designer party supplies and lifestyle collections….
Altacrest Capital financed this transaction in partnership with Route 2 Capital Partners (“R2CP”), Venturi Private Wealth, co-owners Sherri and Scott Yukel, and a group of equity investors. R2CP provided both debt and equity to support the transaction. CrossFirst Bank provided a credit facility in association with the transaction….
Russ Norwood, Founding Partner of Venturi Private Wealth, added ‘Our investment in Big Dot is a great example of what we are trying to achieve with our dedicated private equity fund. It’s a unique opportunity for our many entrepreneurial investors to gain exposure to higher return growth opportunities associated with eCommerce, with hands-on oversight from an experienced, eCommerce-focused private equity sponsor in Altacrest Capital.'”
Read the full release here.
