The investment will help DIY Blinds continue to accelerate its existing growth trajectory
DLA Piper has helped online window furnishing retailer DIY Blinds secure a $15m investment from Australian Business Growth Fund (ABGF) – a middle market private equity fund investing in small to medium-sized Australian businesses looking to accelerate their growth.
Corporate partner Chris Mitchel helmed the DLA Piper deal team on the transaction, with support from senior associate Simone Bajraszewski and solicitor Davina Khoo. Mitchel confirmed that the investment will help DIY Blinds continue to accelerate its existing growth trajectory and realise its future growth objectives.
“ABGF’s investment demonstrates the strength in DIY Blinds’ strategy, efficiency, and overall business model as an Australian based SME, and is a testament to the strong vision and leadership of its management team,” Mitchel added.
The team worked closely with DIY Blinds’ financial adviser Vesparum Capital led by founder and CEO Timothy Toner, executive director Tom Edwards, director Jane Zhou, and analyst Wai Wai Tam.
“Chris and the team at DLA Piper have a wealth of experience and deep knowledge of the M&A and investment market, which played a critical role in successfully negotiating our deal,” DIY Blinds co-founder and CEO Evan Montero said. “We are grateful of the extra value that they have extracted throughout the negotiations, and we look forward to working with them again in the very near future.”
Based in Melbourne, DIY Blinds allows homeowners to virtually design and purchase premium blinds, shutters, and curtains, without ever stepping foot into a physical showroom. It was founded by Montero and Liam Dobson in 2015.