Kingswood Capital Management, LLC entered into a definitive agreement to acquire Cost Plus Inc. from Bed Bath & Beyond Inc. (NasdaqGS:BBBY) for $110 million on December 14, 2020. The purchase consideration is subject to certain working capital and other adjustments. The purchase agreement includes 243 brick-and-mortar locations, the Cost Plus digital business, 2 distribution facilities and a corporate office located in Alameda, California, and it is expected that Cost Plus will continue to operate as a stand-alone retail brand. Both companies have agreed to a transition service agreement following the close of the transaction to help ensure business continuity. The transaction is subject to customary closing conditions, including, among others, the expiration or termination of the applicable waiting period under the Hart-Scott Rodino Antitrust Improvements Act of 1976. As on December 21, 2020, the transaction received early termination notices from the Federal Trade Commission. The transaction is anticipated to close prior to Bed Bath & Beyond’s fiscal year end on February 27, 2021. B. Riley Securities Inc. acted as financial advisor and Bryan Cave acted as legal advisor for Bed Bath. Kingswood Capital Management, LLC completed the acquisition of Cost Plus Inc. from Bed Bath & Beyond Inc. (NasdaqGS:BBBY) on January 15, 2021. In connection with the transaction, Alexander W. Smith will join Cost Plus World Market's senior management team and formally lead the Cost Plus as its Executive Chairman. Both companies have agreed to a transition services agreement following the close of the transaction to help ensure business continuity. Net proceeds from the sale were approximately $63.7 million, subject to certain working capital and other adjustments. Wells Fargo Bank, Bank of America, and Callodine Commercial Finance provided debt financing for the acquisition and the go forward working capital needs of the Company. Goodwin Procter served as legal advisor to Kingswood.