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Palladin Consumer Retail invests in Decowraps

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Palladin Consumer Retail invests in Decowraps

Palladin Consumer Retail Partners LLC invested in Miami-based Hammerhead Group Inc. or Decowraps, in partnership with its founder and CEO, Steven Tchira.

Decowraps will use the investment to expand its floral packaging business.

Deerpath Capital Management provided debt financing for the transaction with an unfunded acquisition line and a revolving credit facility.

Morgan Lewis & Bockius was legal adviser, while RSM US provided accounting advice to Palladin. Krauter & Co. provided insurance advice, Environmental Resources Management acted as environmental adviser and Retail Technology Group provided systems advice to Palladin.

Cowen and Co. and Proskauer served as legal adviser, while Grant Thornton served as accounting adviser to Decowraps.