Multidisciplinary corporate deal team represents The Container Store in US$40 million preferred equity investment from Beyond, Inc.

The Container Store Group, Inc. (NYSE: TCS), the nation’s leading specialty retailer offering custom spaces, organizing solutions, and in-home services, and Beyond, Inc. (NYSE:BYON) (Beyond), owner of Bed Bath & Beyond, Overstock, Zulily, and other online retail brands designed to unlock your home’s potential, announced that the companies have entered into a strategic partnership with the objective to improve customer experience utilizing both the Iconic Bed Bath and Beyond Brand and The Container Store. As part of the terms of the collaboration, Beyond, Inc. has agreed to invest US$40 million in The Container Store through a preferred equity transaction subject to certain terms and conditions, including an amendment or refinancing of The Container Store’s credit facilities in a manner commercially acceptable to Beyond.