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Jared KushnerCNBC
•85% Informative
Jared Kushner invested $75 million in Unybrands in early 2022 , a deal that wasn't publicly disclosed.
Jared Kushner's private equity firm, Affinity Partners , was one of his early investments after leaving the White House in 2021 .
The deal came at the peak of the Amazon aggregator market, when growth slowed and layoffs ensued.
The company is now owned by Kushner 's firm Affinity, which he started shortly after leaving White House .
At Unybrands , year-over-year revenue growth had slowed to 11% in March 2022 , from 27% in February and 34% in January .
The company laid off roughly 10% of its staff in November 2022 , according to people familiar with the matter.
Some consolidation is being fueled by lenders who want to avoid write-downs, sources say.
Unybrands transferred control of the company to a new entity owned by Kushner and affiliated with Affinity.
Co-founder Ulrich Kratz , a former Barclays and Goldman Sachs executive, resigned as a director, along with the company's two other co-founders.
U.K. records show that AP Investments II maintains control of business.
VR Score
86
Informative language
84
Neutral language
64
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English
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57
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