Demonstrates Union Square Advisors’ extensive platform in providing comprehensive financing services to high-growth ESG companies
On March 16, 2023, Union Square Advisors announced it served as the exclusive financial advisor to Grove Collaborative Holdings, Inc. (NYSE: GROV) (“Grove” or “the Company”), a leading sustainable consumer products company and certified B Corp™, in it’s $35 million asset-based revolving credit facility from Siena Lending Group.
The loan is for a term of up to 3 years and will support Grove’s strategic initiatives and working capital needs.
This transaction, in conjunction with the previous $72 million loan facility raised from Structural Capital Investments III, LP and Avenue Sustainable Solutions Fund, L.P. in December 2022, totals an aggregate of $107 million.
“As we look ahead, we have a clear strategy to achieve profitable growth with stabilization in the DTC business, and we are investing in new ways to grow including omni-channel distribution, category expansion with a push into health & wellness, and potential high synergy M&A opportunities through our partnership with HumanCo. We are well positioned to execute our strategic priorities, which will generate sustainable profitable growth in the years ahead and create long-term value for our shareholders,” said Stuart Landesberg, Chief Executive Officer of Grove.
“Union Square Advisors is incredibly pleased to once again partner with Stuart and the team in this next phase of the Grove journey,” said Mike Meyer, Partner and Head of Capital Markets at Union Square Advisors.
For more information, read the full press release here.
About Union Square Advisors
Union Square Advisors is a leading technology-focused investment bank that offers strategic mergers & acquisitions advice and execution, agented private capital financing and debt capital markets advisory services. Founded in 2007, with offices in San Francisco and New York, Union Square Advisors works with leading public and private technology companies, private equity, venture capital and family offices. Our expertise spans many aspects of the technology landscape, including Enterprise Software and Infrastructure, FinTech, Healthcare IT, Internet+Digital Media, eCommerce, Consumer Software, AIoT & Industrial Technology and other key segments. Since inception, Union Square Advisors has advised on more than 165 strategic transactions, valued in excess of $115B. For more information, please visit https://www.usadvisors.com.
