Sur La Table gets $20m investment
US-based upscale kitchen and tableware retail chain Sur La Table receives investment from Capitala Group
Charlotte, N.C.-based Capitala Group, a provider of capital to lower and traditional middle market companies, has invested $20 million in Sur La Table Inc., the upscale kitchen and table goods retailer.
Capitala Finance Corp., a business development company managed by Capitala, invested $15 million of senior secured debt, with the remaining $5 million invested by Capitala Group affiliated funds.
Based out of Seattle, Washington, Sur La Table is a multi-channel retailer that sells through 132 stores in the US, as well as through its catalogue, website and gift registry. It offers a broad selection of premium quality kitchenware brands and products to assist in the preparation and presentation of cooking.
In addition, Sur La Table offers the largest avocational culinary instruction program in the United States, teaching over 100,000 cooking enthusiasts each year. The company operates 132 locations (of which 28 are mall-based), 74 of which offer culinary programs