M&A Deal Summary

Centre Lane Partners Acquires Lenox

On October 19, 2020, private equity firm Centre Lane Partners acquired retailer Lenox from Clarion Capital Partners

Acquisition Highlights
  • This is Centre Lane Partners’ 1st transaction in the Retail sector.
  • This is Centre Lane Partners’ 15th transaction in the United States.
  • This is Centre Lane Partners’ 2nd transaction in Pennsylvania.

M&A Deal Summary

Date 2020-10-19
Target Lenox
Sector Retail
Buyer(s) Centre Lane Partners
Sellers(s) Clarion Capital Partners
Deal Type Secondary Buyout

Target

Lenox

Bristol, Pennsylvania, United States
website
Lenox Corp. is a provider of high-quality tabletop, giftware, and collectible products sold under the Lenox brand as well as the Dansk, Gorham, and Department 56 brand names. Lenox was founded in 1889 and is based in Bristol, Pennsylvania.

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Buyer(S) 1

DESCRIPTION

Centre Lane Partners is a private investment firm focused on making credit and equity, control and non-control, investments in North American middle-market companies. Centre Lane targets companies with revenues between $20 and $500 million that have leading market positions and sustainable competitive advantages in their respective niches. The Firm does not have any sector preferences and seeks to invest $5 to $250 million per transaction. Centre Lane Partners was formed in 2007 and is headquartered in New York City.


DEAL STATS #
Overall 16 of 17
Sector (Retail) 1 of 1
Type (Secondary Buyout) 6 of 6
State (Pennsylvania) 2 of 2
Country (United States) 15 of 16
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-13 Hollander Sleep Products

Boca Raton, Florida, United States

Hollander Sleep Products is a producer of sleep products, including high-quality synthetic and down (natural) filled pillows, comforters, mattress pads and other related bedding products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-11 Synacor

Buffalo, New York, United States

Synacor is a provider of technology supporting the delivery of unbranded bundled online services. Synacor enables Internet Access Providers to easily bundle a variety of subscription-only premium, entertainment, and value-added services into their internet access products. Synacor was founded in 1998 and is based in Buffalo, New York.

Buy $92M

Seller(S) 1

SELLER

Clarion Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
Size Small
Type Sector Agnostic
DESCRIPTION

Clarion Capital Partners is a private equity investment firm that invests in middle-market, growth-oriented companies with and an enterprise value of $50 to $200 million and EBITDA greater than $7.5 million. Target industries include consumer products, business and healthcare services, specialty financial services, specialty retail, and niche media/entertainment. Clarion seeks companies requiring an equity investment of $15 to $75 million in a broad range of investment structures including: growth equity, recapitalizations, and leveraged buyouts. Clarion Capital was formed in 1999 and is based in New York City.


DEAL STATS #
Overall 13 of 16
Sector (Retail) 1 of 1
Type (Secondary Buyout) 3 of 4
State (Pennsylvania) 2 of 2
Country (United States) 12 of 15
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-22 AML RightSource

Cleveland, Ohio, United States

AML RightSource is the largest global provider of financial crime compliance solutions. With nearly 1,700 professionals across 11 countries, our team of experts provides an end-to-end solution focused on Anti-Money Laundering (AML), Bank Secrecy Act (BSA), Financial Crime Advisory (FCA), tech-enabled onboarding/Know Your Customer (KYC) and expert managed services. AML RightSource was founded in 2004 and is based in Cleveland, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-07 Ad.net

Los Angeles, California, United States

Ad.net extends the campaigns of advertisers from traditional search engines and leverages a proprietary technology stack to help brands acquire new customers in an efficient and scalable manner. Ad.net is committed to developing additional solutions and ensuring exceptional service to be at the forefront of the digital advertising needs of advertisers ranging from Fortune 100 brands to SMBs. Ad.net was founded in 2001 and is headquartered in Los Angeles, California.

Buy -