M&A Deal Summary

Clarion Capital Partners Acquires Lenox

On March 16, 2009, private equity firm Clarion Capital Partners acquired retailer Lenox

Acquisition Highlights
  • This is Clarion Capital Partners’ 1st transaction in the Retail sector.
  • This is Clarion Capital Partners’ 9th transaction in the United States.
  • This is Clarion Capital Partners’ 2nd transaction in Pennsylvania.
Investment Fate
  • Lenox was sold to a consortium of financial buyers in 2020.

M&A Deal Summary

Date 2009-03-16
Target Lenox
Sector Retail
Buyer(s) Clarion Capital Partners
Deal Type Special Situations/Distressed
Advisor(s) Berenson & Company (Financial)

Target

Lenox

Bristol, Pennsylvania, United States
Lenox 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

Buyer

Clarion Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


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 9 of 26
Sector: Retail M&A 1 of 1
Type: Special Situations/Distressed M&A Deals 1 of 1
State: Pennsylvania M&A 2 of 2
Country: United States M&A 9 of 25
Year: 2009 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-30 Hartmann

Lebanon, Tennessee, United States

Hartmann is a quintessential American luxury brand, with over 130 years of design, quality, and innovation experience.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-06 Oceanaire

Minneapolis, Minnesota, United States

Oceanaire operates casual-fine dining seafood restaurants in Atlanta, Baltimore, Boston, Dallas, Denver, Houston, Indianapolis, Miami, Minneapolis, Orlando, San Diego, and Washington D.C.

Sell -