Arcapita Sells Branding Firm Stratus at $450 Million Value

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Alternative investments firm Arcapita Group Holdings sold branding firm Stratus to Vestar Capital Partners for an enterprise value of more than $450 million, a person familiar with the matter said.

Stratus was acquired by Arcapita in late 2017 and its enterprise value has since tripled, according to the person, who declined to be identified as the matter is private.

Revenue at Stratus, whose customers include Starbucks Corp. and McDonald’s Corp., has also tripled in this period to more than $300 million in 2021, according to a statement.

Arcapita has completed more than $15 billion in U.S. private equity investments over the past 24 years. Since its founding in 1988, Vestar funds have invested $8 billion in 85 companies.

  • William Blair and Citizens M&A Advisory acted as financial advisers and King & Spalding served as legal counsel to Stratus
  • Robert W. Baird & Co. acted as financial adviser and Kirkland & Ellis LLP served as legal counsel to Vestar

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