Investment Summary

JH Partners and Strand Equity Invest In Alex and Ani

On October 23, 2012, private equity firm JH Partners and growth capital firm Strand Equity invested in retailer Alex and Ani

Investment Highlights
  • This is JH Partners’ 6th and Strand Equity’s 1st transaction in the Retail sector.
  • This is JH Partners’ 20th and Strand Equity’s 2nd transaction in the United States.
  • This is JH Partners’ 1st and Strand Equity’s 1st transaction in Rhode Island.
Investment Fate
  • Alex and Ani was sold to a consortium of financial buyers in 2014.
  • Alex and Ani was sold to a financial buyer in 2018.

Investment Summary

Date 2012-10-23
Target Alex and Ani
Sector Retail
Investor(s) JH Partners
Strand Equity
Deal Type Stake Purchase

Target

Alex and Ani

East Greenwich, 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 foundd in 2004 and is based in East Greenwich, Rhode Island.

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Investor(S) 2

Investor

JH Partners

San Francisco, California, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

JH Partners LLC is a private equity firm. It typically invests in online direct marketing, business to business, online services, internet software and services, food products, beverages, consumer staples, advertising, media, consumer services. It seeks to invest between $10 and $300 million in revenues. JH Partners is a hands-on investor and desires to work closely with portfolio companies. JH Partners was formed in 1997 and is based in San Francisco, California.


DEAL STATS #
Overall 25 of 26
Sector: Retail M&A 6 of 6
Type: Stake Purchase M&A Deals 2 of 2
State: Rhode Island M&A 1 of 1
Country: United States M&A 20 of 21
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-02 Image Entertainment

Chatsworth, California, United States

Image Entertainment is a entertainment company with its library of over 3,700 owned or licensed titles, company has one of the richest, most varied archives of entertainment programming in the industry, including award-winning feature films, television programs, music, comedy and audio content. Image pursues, secures and exploits exclusive rights to content on a variety of formats and platforms, including DVD, Blu-ray Disc, broadcast and cable television, video-on-demand (VOD), digital, satellite as well as theatrical and non-theatrical exhibition.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-14 CHEFS

Colorado Springs, Colorado, United States

CHEFS Catalog is a direct-to-consumer specialty retailer of top rated cookware, bake ware, cutlery, kitchen tools and cooking utensils aimed at inspiring home chefs to create delicious and new recipes.

Sell -
DESCRIPTION

Strand Equity Partners is a growth equity firm investing in companies from the consumer industry. Prospective transaction types include management buyouts and growth financings. Strand Equity Partners was formed in 2012 and is based in Los Angeles, California.


DEAL STATS #
Overall 2 of 31
Sector: Retail M&A 1 of 2
Type: Stake Purchase M&A Deals 1 of 1
State: Rhode Island M&A 1 of 1
Country: United States M&A 2 of 27
Year: 2012 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-23 popchips

San Francisco, California, United States

popchips, Inc. is one of the better-for-you snack brands in North America, is an innovative line of popped snacks that are deeply satisfying, never deep-fried. popchips has been winning the hearts and stomachs of snackers worldwide. From trendsetters and celebrities to the entire family, the brand has built a loyal following of snacking enthusiasts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-01 Pirch

Costa Mesa, California, United States

Pirch is a provider of luxury home products, including carefully curated appliances and fixtures, merchandised in a retail sanctuary. Pirch was founded in 2009 and is based in Costa Mesa, California.

Buy -