In October of 2005, FreshTracks Capital invested $800,000 in the NASDAQ Small Cap company Vermont Teddy Bear of Shelburne, VT as part of VTB’s “going private” transaction. FreshTracks joined majority investor The Mustang Group LLC, a Boston-based private equity fund, as well as many members of VTB’s management team and several Vermont private investors to complete the transaction.
VTB has offered classic handmade bears from Vermont for over 20 years. In addition to their Bear-Grams, VTB also offers a variety of direct-to-consumer gift options for their customers including PajamaGrams, TastyGrams, Gift Bags and floral gifts from Calyx and Corolla.
Cairn Cross, Managing Director of FreshTracks, joined the board of directors of the newly private company upon completion of the transaction.
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