1. Home >
  2. M&A >
  3. Buyout (LBO, MBO, MBI) >
  4. Canada >
  5. British Columbia >
  6. Lion Capital and IVEST Consumer Partners Acquire Spence Diamonds

M&A Deal Summary

Lion Capital and IVEST Consumer Partners Acquire Spence Diamonds

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

Acquisition Highlights
  • This is Lion Capital’s 5th and IVEST Consumer Partners’ 1st transaction in the Retail sector.
  • This is Lion Capital’s 15th and IVEST Consumer Partners’ largest (disclosed) transaction.
  • This is Lion Capital’s 1st and IVEST Consumer Partners’ 1st transaction in Canada.
  • This is Lion Capital’s 1st and IVEST Consumer Partners’ 1st transaction in British Columbia.
Investment Fate
  • Spence Diamonds was sold to a consortium of financial buyers in 2025.

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

Target

Spence Diamonds

Vancouver, British Columbia, Canada
Spence Diamonds is a vertically integrated diamond bridal jewelry retailer. Spence Diamonds was founded in 1978 and is based in Vancouver, British Columbia.

Search 214,600 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 2

Buyer

Lion Capital

London, United Kingdom

Investor Investor Investor Investor Investor

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 28 of 42
Sector: Retail M&A 5 of 9
Type: Buyout (LBO, MBO, MBI) M&A Deals 9 of 10
State: British Columbia M&A 1 of 1
Country: Canada M&A 1 of 2
Year: 2015 M&A 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

Category Private Equity Firm
Founded 2013
PE ASSETS 500M USD
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 $125 million per transaction and will consider opportunities throughout North America. IVEST has offices in Los Angeles and Vancouver.

DEAL STATS #
Overall 1 of 4
Sector: Retail M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 3
State: British Columbia M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2015 M&A 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 -
Mergr

Solution for

Product

Company

Legal