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Private Equity
blueequity.com

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Investments

1

Portfolio Exits

2

About Blue Equity

Blue Equity is an independent, private equity firm that invests in enterprises with solid developmental potential.

Blue Equity Headquarter Location

101 South Fifth Street Suite 3800

Louisville, Kentucky, 40202,

United States

502-589-8181

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Latest Blue Equity News

Gopuff Continues to Grow Its Scale With Acquisition of Liquor Barn Chain

Jun 22, 2021

The deal accelerates the retailer's expansion in Kentucky and positions it to support the state's bourbon industry. PHILADELPHIA — Digital convenience retailer Gopuff has acquired Liquor Barn, a leading independent chain of beer, wine and liquor stores based in Louisville, Ky., from private equity firm Blue Equity. The deal gives Gopuff access to Liquor Barn's infrastructure, customer base and product assortment. It also further accelerates Gopuff's scale and cements its leadership in the instant needs category, the company said. "We're thrilled to partner with Liquor Barn, an incredible brand and team with loyal customers, as we bring the Gopuff experience to new customers across Kentucky," said Daniel Folkman, Gopuff's senior vice president, business. "This acquisition brings two customer-focused brands together to introduce new products and experiences while rapidly accelerating Gopuff's geographic footprint in the region as we continue our expansion. We look forward to welcoming Liquor Barn to the team, becoming more deeply entrenched in the Bluegrass State and serving as a go-to solution for new customers to fulfill their most sought-after instant needs." The acquisition significantly accelerates Gopuff's expansion in Kentucky and provides more customers in the state, including more than 80 percent of Louisville and Lexington residents, with access to immediate delivery of everyday items. It also uniquely positions the company to support Kentucky's bourbon industry by working with distributors to expand access to products nationwide and introduce products to new customers within the state via instant delivery, according to the company. "As a customer-focused business, we are delighted to partner with Gopuff given their extraordinary commitment to the customer experience. Through this partnership, we will continue to deliver beer, wine and spirits and will add thousands of new items that our customers need in everyday life. We are excited to join Gopuff in their mission and forge the future of the Instant Needs category together," said Jonathan Blue, chairman of Blue Equity and Liquor Barn. "The Liquor Barn team has built a trusted, strong brand, and Gopuff is the ideal partner to bolster the business into this next era of growth and meet customers' evolving needs," he added. "We look forward to working closely with Gopuff as we integrate Liquor Barn into their business and serving as strategic advisors on alcohol related initiatives." The Liquor Barn, Party Mart and DEP's 23-store footprint provide infrastructure for Gopuff to integrate into its network of micro-fulfillment centers. Gopuff and Blue Equity will work together to integrate Liquor Barn's customer loyalty, talent, industry expertise, and convenient locations with Gopuff's assortment of everyday essentials and technology-enabled instant delivery. Founded in 2013 by co-founders and co-CEOs Rafael Ilishayev and Yakir Gola, Gopuff currently operates more than 450 sites, including 275-plus micro-fulfillment centers and the recently acquired 185-plus BevMo!, Fancy and Liquor Barn locations, delivering to customers in more than 650 cities.

Blue Equity Investments

1 Investments

Blue Equity has made 1 investments. Their latest investment was in Artspace as part of their Series A on January 1, 2012.

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Blue Equity Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/10/2012

Series A

Artspace

$2.5M

Yes

Date

1/10/2012

Round

Series A

Company

Artspace

Amount

$2.5M

New?

Yes

Co-Investors

Sources

Blue Equity Portfolio Exits

2 Portfolio Exits

Blue Equity has 2 portfolio exits. Their latest portfolio exit was Liquor Barn on June 21, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/21/2021

Acquired

8

00/00/0000

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10

Date

6/21/2021

00/00/0000

Exit

Acquired

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Companies

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Valuation

Acquirer

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Sources

8

10

Blue Equity Acquisitions

11 Acquisitions

Blue Equity acquired 11 companies. Their latest acquisition was DEPs Fine Wine & Spirits on June 12, 2020.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

6/12/2020

Acq - Fin

2

12/8/2017

Acq - Fin

2

11/20/2017

Acq - Fin

Acq - Fin

1

9/19/2017

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$99M

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10

5/26/2016

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$99M

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10

Date

6/12/2020

12/8/2017

11/20/2017

9/19/2017

5/26/2016

Investment Stage

Acq - Fin

Companies

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Valuation

Total Funding

$99M

$99M

Note

Acq - Fin

Acq - Fin

Acq - Fin

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Sources

2

2

1

10

10

Blue Equity Team

1 Team Member

Blue Equity has 1 team member, including former Chief Operating Officer, Michael J Principe.

Name

Work History

Title

Status

Michael J Principe

Chief Operating Officer

Former

Name

Michael J Principe

Work History

Title

Chief Operating Officer

Status

Former

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