Buy.com Inc. has sold a 9% stake in the Aliso Viejo-based online retailer to New York-based private equity firm Clearlake Capital Group LLC.
The company, which sells electronics, DVDs, CDs and other items, didn’t disclose other terms of the investment. Clearlake Capital cofounder Behdad Eghbali is joining Buy.com’s board.
Privately held Buy.com also reported limited results for first and fourth quarters.
For the three months of the year, Buy.com said it made $722,000, excluding charges of $154,000 for stock compensation.
The company didn’t offer revenue for the first quarter.
For the fourth quarter, sales were $162 million, up 45% from a year earlier, the company said.
Buy.com said it made nearly $9 million in the fourth quarter versus a loss a year earlier.
