Deal Summary

Daily Grommet Inc

BellMark Partners, LLC served as exclusive financial advisor to Daily Grommet Inc. (“The Grommet” or the “Company”) in connection with a strategic investment in the Company by Rakuten, Inc. Based in Tokyo, Rakuten is one of the world’s leading Internet service companies, providing a variety of consumer and business-focused services including e-commerce, travel, banking, securities, credit card, e-money, e-book, portal & media, online marketing and professional sports.

Business Description

The Grommet provides a highly curated online marketplace and launch platform for undiscovered products of great utility, style, or invention. Every day at noon, a new item is featured in a short, high-quality video explaining its features and the human story behind it. The site has launched over 1,600 products in a range of categories.

Transaction Description

BellMark assisted the Company with identifying and contacting potential investors, structuring the transaction, and leading a complex cross-border negotiation, due diligence, documentation and closing process.

About BellMark Partners, LLC

BellMark Partners, LLC is an independent investment bank that provides M&A advisory and investment banking services to middle market companies in the business & technology services, consumer, industrials and healthcare industries. We advise family, entrepreneur, and other privately-owned companies; private equity and family office-owned companies; and small to mid-cap public companies. Our services include mergers and acquisitions, capital raising and strategic advisory services. Our Managing Directors have collectively executed and closed more than 400 transactions during their professional careers, and previously worked as senior bankers for firms such KeyBanc Capital Markets, Inc., BankBoston Robertson Stephens, Fleet Securities, Inc. and Covington Associates LLC.