About
Company:
VIA (“VIA”) is a manufacturer of high quality office seating and is the industry pioneer of the 48-hour “quick-ship” program. VIA’s motto “every chair, every option, every fabric, every leather, ready in 48 hours” well describes the company’s positioning in the market.
Background:
Clearview acquired VIA in an auction run by a brokerage group known for running less efficient sale processes. Clearview was selected by the seller, despite not proposing the highest price, based on a strong recommendation from management, with whom Clearview forged a strong relationship during the sale process.
Investment Date: June 2000
Investment Status: Exited September 2005
Fund Equity Invested: $5.5 million
Process Type: Auction
Portfolio Team: Calvin A. Neider, James G. Andersen