Capstone Headwaters advised Purple Innovation, LLC (“Purple” or the “Company), a comfort technology company known for creating the “World’s First No Pressure™ Mattress,” on its sale to Global Partner Acquisition Corp. (“GPAC”), a special purpose acquisition company. The transaction was approved at a special meeting of the Company’s stockholders held on February 2, 2018.
Purple is a leading comfort technology company which designs and manufactures products to improve how people sleep, sit, and stand. It designs and manufactures a range of products, including mattresses, pillows, and cushions using its patented Hyper-Elastic Polymer® technology. Since launching in 2016, the Company has developed multiple proprietary and innovative products and has been one of the fastest-growing, digitally-native brands in the mattress and home good categories.