Koala, a pioneering home furnishing and mattress e-commerce business in Australia, had already achieved scale without raising outside equity funding thanks to a talented management team and astute go-to-market strategies. The founders had certainly excelled but needed to find ways to continue to grow the business and reach new milestones before raising venture capital.
A POSITIVE EVALUATION, AND FINANCING EXPANSION
PFG’s analysis and research positively evaluated their skill and adept growth tactics that gave the company a market leading position. Further analysis led us to value Koala’s business profile, market opportunity and operating plan. PFG structured a term loan facility that expanded alongside Koala’s growth, allowing for incremental capital availability to continue funding the company’s expansion.
THEN AND NOW
PFG has continued to grow with Koala as a trusted debt capital provider, delivering capital to help the business fund its expansion into new markets as well as the development and penetration of new product categories. Koala is now an emerging global furniture player, becoming one of Australia’s most loved and iconic furniture brands while rapidly gaining traction in Japan and South Korea, for a combined market value potential of AUD $60B+.
No compensation was received by any individual or company for their views and thoughts expressed. The individuals or companies are not investment advisory clients of PFG.