Printful, a print-on-demand drop shipping and fulfillment company, has announced a US$130 million non-control investment from Bregal Sagemount, a leading growth equity firm. The financing establishes Printful as the first privately owned company with Latvian roots to achieve unicorn status with a valuation of above US$1 billion. The new partnership will support the launch of additional products and services and the expansion into new channels and geographies.
Latham & Watkins LLP represented Printful in the transaction with a corporate deal team led by Boston partner Steve Ranere, with Boston associates Gloria Ring and Martha Anderson, and Bay Area associate Madelyn Tarr. Advice was also provided on tax matters by Chicago partner Rene de Vera; on antitrust matters by Washington, D.C. counsel Patrick English; and on benefits and compensation matters by New York partner Bradd Williamson, with Chicago associate Juliet Rognlie.