M&A Deal Summary

Lion Capital, IVEST Consumer Partners and Carson Private Capital Acquire Spence Diamonds

On April 8, 2015, private equity firms Lion Capital, IVEST Consumer Partners and Carson Private Capital acquired retailer Spence Diamonds for 125M USD

Acquisition Highlights
  • This is Lion Capital’s 5th, IVEST Consumer Partners’ 1st and Carson Private Capital’s 1st transaction in the Retail sector.
  • This is Lion Capital’s 15th, IVEST Consumer Partners’ and Carson Private Capital’s 3rd largest (disclosed) transaction.
  • This is Lion Capital’s 1st, IVEST Consumer Partners’ 1st and Carson Private Capital’s 2nd transaction in Canada.
  • This is Lion Capital’s 1st, IVEST Consumer Partners’ 1st and Carson Private Capital’s 2nd transaction in British Columbia.

M&A Deal Summary
Date 2015-04-08
Target Spence Diamonds
Sector Retail
Buyer(s) Lion Capital
IVEST Consumer Partners
Carson Private Capital
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 125M USD

Target

Spence Diamonds

Vancouver, British Columbia, Canada
website
Spence Diamonds is a retailer of custom engagement ring. Spence Diamonds was founded in 1978 and is based in Vancouver, British Columbia.

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Buyer(S) 3

Buyer

Lion Capital

London, United Kingdom

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2004
PE ASSETS 4.3B EUR
Size Mega
Type Sector Focused
DESCRIPTION

Lion Capital LLP is a specialist private equity firm focused on consumer-oriented opportunities throughout Europe and North America. Specific areas of interest include apparel, accessories, luxury goods, food, and specialty retail. Lion Capital LLP was formed in 2004 and is based in London. The Firm has an additional office in New York City.

DEAL STATS #
Overall 29 of 42
Sector (Retail) 5 of 8
Type (Buyout (LBO, MBO, MBI)) 9 of 10
State (British Columbia) 1 of 1
Country (Canada) 1 of 2
Year (2015) 1 of 2
Size (of disclosed) 15 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-01 Picard

Fontainebleau, France

Picard is a frozen food retailer in France, with a product range that covers over 1,100 SKUS across nine product categories, from starters to desserts and from raw ingredients to prepared meals. Picard was founded in 1906 and is based in Fontainebleau, France.

Sell €446M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-16 Vaasan

Helsinki, Finland

Vaasan is a bakery company in Finland and the Baltic region, with each Baltic subsidiary the market leader in its own country. Vaasan was founded in 1849 and is based in Helsinki, Finland.

Sell -
Buyer

IVEST Consumer Partners

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2013
Size Small
Type Sector Focused
DESCRIPTION

IVEST Consumer Partners is a specialist private equity investor focused on acquiring and investing companies operating in the consumer products and retail sectors. The Firm looks to commit $25 to $100 million per transaction and will consider opportunities throughout North America. IVEST has offices in Los Angeles and Vancouver.

DEAL STATS #
Overall 1 of 3
Sector (Retail) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 2
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-20 Paladone

Shoreham-by-Sea, United Kingdom

Paladone is a seller of a broad assortment of licensed consumer products. Paladone’s products are sold all across the globe in all tiers of retailers including specialty retail, online, department, fashion and mass-market stores. Paladone was founded in 1994 and is based in Shoreham-by-Sea, United Kingdom.

Buy -
Buyer

Carson Private Capital

Dallas, Texas, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1997
Size Small
Type Sector Agnostic
DESCRIPTION

Carson Private Capital is a private equity firm that provides a select group of ultra high net worth individuals and family offices' access to investment opportunities located in the United States and Europe. The firm concentrates on the sectors of consumer, food and energy. Carson Private Capital was founded in 1997 and is based in Dallas, Texas.

DEAL STATS #
Overall 6 of 8
Sector (Retail) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 3 of 3
State (British Columbia) 2 of 2
Country (Canada) 2 of 2
Year (2015) 1 of 2
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-09 Alex and Ani

Cranston, Rhode Island, United States

Alex and Ani offers consumers fashionable lifestyle products through multiple retail channels, including corporate owned and branded retail stores, upscale department stores, small chains and independent retailers, as well as e-commerce. Alex and Ani was formed in 2004 and is based in Cranston, Rhode Island.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-05 PittaRosso

Milan, Italy

PittaRosso is a retailer in the Italian footwear market with a network of over 100 stores and a growing presence of approximately 20 stores across France, Croatia and Slovenia. PittaRosso was founded in 1972 and is based in Milan, Italy.

Buy €270M
Mergr

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