Luxer One
PricewaterhouseCoopers Corporate Finance LLC acted as the exclusive financial advisor to Luxer One
Luxer One is the leading provider of advanced package locker solutions in the US and helping to solve the challenges surrounding last mile delivery across multifamily residential, retail and other verticals. Luxer One was reported as the multifamily industry’s market leader in package lockers, with 27% market share in 2018.
With over 13 billion packages being delivered each year by the three largest carriers in the U.S. alone, the demand for solutions offering convenient and safe package delivery across channels continues to escalate at a rapid pace. Luxer One provides a safe and efficient way for property managers to accept package deliveries while reducing personnel costs.
Separately, brick-and-mortar retailers have invested billions to strengthen customer experiences through technology solutions and omnichannel execution. Luxer One has successfully capitalized on the rise of "Buy Online Pickup In-store" where smart lockers provide a significant improvement over traditional customer service counters that are highly frustrating for customers and inefficient for store associates.
PwC CF ran a dual capital raise and sale process and identified ASSA ABLOY, the global leader in door opening solutions, as the preferred acquirer after a competitive bidding process.
For more information about this transaction, please contact:
Trip Wolfe
President, TMT
Jimmy Yasuki
Director, TMT
UNTUCKit
PricewaterhouseCoopers Corporate Finance LLC advised UNTUCKit in raising $30 million in funding from Kleiner Perkins.
UNTUCKit is one of the most successful and fastest growing direct-to-consumer apparel concepts in the market today, with strong consumer engagement and an ability to expand into new product categories and markets quickly by bypassing traditional wholesale channels.
The concept-driven nature of the brand has enabled UNTUCKit to leverage untraditional advertising channels to build market awareness in an exceptionally cost effective manner.
UNTUCKit introduced its signature product in 2012—a unique style of men's shirts designed specifically to be worn untucked. The company has since expanded to offer a full menswear line, along with a new women's collection that launched in Spring 2017.
The company built its business online and has since successfully expanded into physical retail with 5 locations today and another 15 scheduled to open this year.
With the investment from Kleiner Perkins, the company will accelerate growth by developing its retail footprint, expanding its women's line and launching children's apparel.
For more information about this transaction, please contact:
Trip Wolfe
President, TMT
