M&A Deal Summary

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

On April 8, 2015, private equity firms Carson Private Capital, IVEST Consumer Partners and Lion Capital LLP acquired retail company Spence Diamonds Ltd. for 125M USD

Acquisition Highlights
  • This is Carson Private Capital’s 2nd, IVEST Consumer Partners’ 1st and Lion Capital’s 6th transaction in the Retail sector.
  • This is Carson Private Capital’s 3rd, IVEST Consumer Partners’ 1st and Lion Capital’s 15th largest (disclosed) transaction.
  • This is Carson Private Capital’s 2nd, IVEST Consumer Partners’ 1st and Lion Capital’s 1st transaction in Canada.
  • This is Carson Private Capital’s 2nd, IVEST Consumer Partners’ 1st and Lion Capital’s 1st transaction in British Columbia.

M&A Deal Summary

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

Target

Spence Diamonds Ltd.

Vancouver, British Columbia, Canada
website
Spence Diamonds Ltd. is a retailer of custom engagement ring.

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Buyer(S) 3

Buyer

Carson Private Capital

Dallas, Texas, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1997
SizeSmall
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 7 of 8
Sector (Retail) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 4 of 4
State (British Columbia) 2 of 2
Country (Canada) 2 of 2
Year (2015) 2 of 2
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-08 PittaRosso SpA

Legnaro, Italy

PittaRosso SpA 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.

Buy €270M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-27 Milk Specialties Co.

Eden Prairie, Minnesota, United States

Milk Specialties Global is a human and animal nutrition company. The Human Nutrition Business Unit is a leading manufacturer of whey and milk protein ingredients used primarily in the sports nutrition and functional foods end-markets. The Animal Nutrition is recognized for innovative and science-based products that offer proven benefits to the growing dairy industry.

Sell -
Buyer

IVEST Consumer Partners

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2013
SizeSmall
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 2
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 Products Ltd.

Shoreham-by-Sea, United Kingdom

Paladone is a seller of a broad assortment of licensed consumer products. The Company is a seller of brands for their categories, selling in the U.K. and Europe and growing strongly in the United States market through retail and e-commerce channels. Paladone has 25 years of experience in designing licensed and non-licensed products for the gift, merchandise, homeware, games and puzzles, drinkware, and health and beauty markets. It holds longstanding and deeply-ingrained licensing relationships with global brands, including Warner Bros., Disney, Nintendo, and Sony. Paladone was formed in 1994 and is based in Shoreham-by-Sea, United Kingdom.

Buy -
Buyer

Lion Capital LLP

London, United Kingdom

website


Category Private Equity Firm
Founded 2004
PE ASSETS 4.3B EUR
SizeMega
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 30 of 39
Sector (Retail) 6 of 8
Type (Buyout (LBO, MBO, MBI)) 10 of 11
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2015) 2 of 3
Size (of disclosed) 15 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-01 Picard Surgeles SA

Fontainebleau, France

Picard is the number one 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.

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

Espoo, Finland

The VAASAN Group is a bakery company in Finland and the Baltic region, with each Baltic subsidiary the market leader in its own country.

Sell -