Reese Witherspoon’s Drap er James 'brings joy,' s ays Consortium Brand Par tners founder Cory Baker

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Reese Witherspoon’s Draper James 'brings joy,' says Consortium Brand Partners founder Cory Baker

Good morning, Hubsters. MK Flynn here with the Wire.

This week marks the launch of the third season of The Morning Show, the Apple TV+ series starring Jennifer Aniston and Reese Witherspoon.

This morning, we’ve got an interview with Consortium Brand Partners, which earlier this month took a 70 percent stake in Witherspoon’s clothing line Draper James. The transaction marks the new firm’s debut deal.

We’ve also got a Deep Dive on a deal from EnCap Energy Transition.

Designing woman

The announcement earlier in September that new consumer-focused private equity firm Consortium Brand Partners had acquired a majority stake in Hollywood multi-hyphenate Reese Witherspoon’s clothing line, Draper James, generated lots of buzz in both fashion and investor circles, writes Iris Dorbian.

Draper James marks the inaugural acquisition for the New York-based buyout shop, which debuted in 2022.

Upgrade to the premium version of the Wire to read Iris’ interview with Cory Baker, founder and managing partner of Consortium, and learn why he invested in the brand.

Battery power

The rise in demand and decrease in price of battery storage is fueling demand – and deals. In August, EnCap Investments and Apollo agreed to sell Broad Reach’s battery storage business to Engie, a utility company based in La Défense, France. Yorktown Partners and Mercuria Energy Group were also involved in the sale of Broad Reach.

To learn more about the deal, upgrade to the premium version of the Wire and read Rafael Canton’s interview with Shawn Cumberland, EnCap Energy Transition managing partner.

That’s all for today. Obey Martin Manayiti will be with you tomorrow, and I’ll be back with more on Monday.

In the meantime, Happy New Year to everyone celebrating Rosh Hashanah!

All the best,

MK

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