TEA Soon to be Available on the NYSE

Teavana, a portfolio company of Parallel Investment Partners since 2004, has filed for a $100 million IPO. BofA Merrill Lynch and Goldman Sachs are leading the underwriting. Teavana is a specialty retailer of tea and tea-related merchandise. The company intends to list on the NYSE under the symbol TEA and to use the net proceeds in part to redeem outstanding shares of Series A preferred stock and repay existing debt.