On January 14, 2019, Giftcraft Ltd. announced a significant recapitalization and new partnership with CID Capital and ORIX Mezzanine & Private Equity.

Giftcraft Ltd., headquartered in Toronto, Ontario, services a diverse network of décor and giftware retailers in North America and internationally. CID Capital makes majority investments in lower-middle-market consumer product companies. ORIX Mezzanine & Private Equity invests control and non-control equity and mezzanine capital in lower-mid to middle-market companies.

Gowling WLG advised a leading global bank, as administrative agent and lender, to facilitate this transaction with a team led by Kelby Carter that included Christopher Alam, Magda Hanebach and Samuel Starkman.