D.K. SMITH & CO. CLOSES ACQUISITION OF PLANET

CORAL GABLES, Fla., April 3, 2025 /PRNewswire/ -- D.K. Smith & Co. completed the acquisition of PLANET by Lauren G ("PLANET"), a luxury fashion brand. Terms of the transaction were not disclosed.

D.K. Smith & Co. is the middle-market private equity division of DKS Capital Partners (dkscap.com), an alternative asset manager with offices in Coral Gables, FL, and Jackson, WY. The private equity division specializes in control acquisitions, partnering with founders who need growth capital or institutional know-how to drive their business to the next level. DKS Capital Partners has an active 2025 pipeline, including deals in hospitality commercial real estate and industrial private equity.

DKS Capital Partners is managed by CEO Darien K. Smith—an alumnus of BCG, NYU School of Law and University of Miami—and CFO Alex Rienzie—an alumnus of J.P. Morgan, Harvard Law School and SUNY Geneseo. Post-closing, Darien and Alex joined the Board of Directors of PLANET.

Based in Sunrise, FL, PLANET (shopplanetbylaureng.com) is a premier designer, manufacturer and retailer of timeless, ageless and seasonless fashion with nearly 400 wholesale partnerships nationwide. The brand has a devoted following among discerning customers who appreciate premium quality and sophisticated design.

Lauren Grossman, a renowned designer and entrepreneur, founded PLANET in 2002 and is staying on as CEO and Chief Design Officer. With decades of consistent revenue and a loyal customer base, PLANET, in partnership with D.K. Smith & Co., is well-positioned to expand its digital footprint and pursue strategic growth opportunities.

"PLANET's legacy of excellence, coupled with our strategic vision and resources, creates a tremendous opportunity to elevate PLANET's market presence and brand impact," said Darien K. Smith—CEO of DKS Capital Partners and now Chairman of PLANET. Lauren Grossman—founder, CEO and Chief Design Officer of PLANET—added, "I am thrilled about the future and what partnership with D.K. Smith & Co. means for our loyal customers and brand evolution."

D.K. Smith & Co. was advised by Cadet Legal's full-service asset management and corporate transactional team (cadetlegal.ai), led by Denzel R.B. Cadet, Esq.

Contact:
Darien K. Smith | CEO | DKS Capital Partners | dk@dkscap.com
Alex Rienzie | CFO | DKS Capital Partners | alex@dkscap.com
Denzel R.B. Cadet, Esq. | Managing Member | Cadet Legal | denzel@cadetlegal.ai

View original content to download multimedia:https://www.prnewswire.com/news-releases/dk-smith--co-closes-acquisition-of-planet-302419283.html

SOURCE DKS Capital Partners