Printful hits $1 bln value after Latham, Goodwin steer investment

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Latham & Watkins and Goodwin Procter are supporting private equity firm Bregal Sagemount’s $130 million investment in Printful Inc, which lifted the printing and warehousing company’s valuation above $1 billion.

Printful said on Monday that the new investment makes it the first privately owned company with Latvian roots to reach unicorn status, a term that refers to private companies worth more than $1 billion.

Founded in 2013, Printful fulfills orders made through online stores by shipping products directly to a store’s customers. The company has fulfillment centers and partner facilities in the U.S. Canada, Europe, Mexico, Japan and Australia, according to its website. A Goodwin team headed by private equity partners A.J. Weidhaas and Jared Spitalnick and associate Jacob Herman is advising the New York-headquartered private equity firm.

 

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