STORY3 Capital Partners (US, with Hardy Capital) → Coco Republic
completedDeal announced2021-10-04
BuyerSTORY3 Capital Partners (US, with Hardy Capital)
SellerCoco Republic
SectorFurniture/Homewares
ValueUndisclosed
Deal typePE
Los Angeles-based STORY3 Capital Partners, alongside Hardy Capital, acquired a majority stake in Australian luxury furnishings retailer Coco Republic to fund domestic and international expansion, including a planned US flagship store.
Why the buyer wanted it
STORY3 saw growth potential in Coco Republic's premium furniture brand and wanted to back its US expansion plans.
Why the seller agreed
Coco Republic's existing leadership (including 20-year veteran Anthony Spon-Smith, installed as Co-CEO) sought capital and international expertise to fund overseas growth.
Stock reaction
Not applicable — Coco Republic is privately held.
Deal mechanics
Deal structure
Majority stake investment; exact stake and price not disclosed