Investment Summary

Lion Capital and Carson Private Capital Invest In Alex and Ani

On December 9, 2014, private equity firms Lion Capital and Carson Private Capital invested in apparel/textiles company Alex and Ani from JH Partners and Strand Equity

Investment Highlights
  • This is Lion Capital’s 5th and Carson Private Capital’s 1st transaction in the Apparel/Textiles sector.
  • This is Lion Capital’s 8th and Carson Private Capital’s 3rd transaction in the United States.
  • This is Lion Capital’s 1st and Carson Private Capital’s 1st transaction in Rhode Island.

Investment Summary
Date 2014-12-09
Target Alex and Ani
Sector Apparel/Textiles
Investor(s) Lion Capital
Carson Private Capital
Sellers(s) JH Partners
Strand Equity
Deal Type Stake Purchase

Target

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.

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Investor(S) 2

Investor

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 (Apparel/Textiles) 5 of 6
Type (Stake Purchase) 1 of 1
State (Rhode Island) 1 of 1
Country (United States) 8 of 14
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-03 Perricone MD

San Francisco, California, United States

Perricone MD is a provider of premium clinical skin care products. Perricone MD was founded in 1997 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-18 Bumble Bee Foods

San Diego, California, United States

Bumble Bee Foods is a producer and marketer of canned tuna and other seafood and the leader in the premium albacore tuna market. The company sells its broad range of products under the well-known brands Bumble Bee, Clover Leaf and Orleans. Bumble Bee Foods was founded in 1899 and is based in San Diego, California.

Sell $1.5B
Investor

Carson Private Capital

Dallas, Texas, United States

Investor Investor Investor Investor Investor

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 5 of 8
Sector (Apparel/Textiles) 1 of 1
Type (Stake Purchase) 1 of 1
State (Rhode Island) 1 of 1
Country (United States) 3 of 3
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-07 Milk Specialties Global

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. Milk Specialties Global was founded in 1949 and is based in Eden Prairie, Minnesota.

Buy $340M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-08 Spence Diamonds

Vancouver, British Columbia, Canada

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

Buy $125M

Seller(S) 2

SELLER

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 13 of 24
Sector (Apparel/Textiles) 2 of 4
Type (Stake Purchase) 2 of 3
State (Rhode Island) 1 of 1
Country (United States) 11 of 20
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-15 Frette

Milan, Italy

Frette is a provider of Italian luxury linen and home furnishings business. Frette blends contemporary design with Italian craftsmanship to create exquisitely styled, handcrafted linens and textiles that are supplied to the world’s most prestigious hotels, restaurants, private homes, airlines, and ocean liners. Frette was founded in 1860 and is based in Milan, Italy.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-01 GO SMiLE

Berkeley, California, United States

GoSMILE, Inc. is a producer and multi-channel marketer of advanced tooth-whitening and oral care products designed to promote health and beauty on the go. The products have been proven through clinical study to be more effective than competing products on the market. GoSMILE is currently sold through specialty retailers and high-end department stores in both the U.S. and Europe.

Sell -
SELLER

Strand Equity

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2012
Size Small
Type Sector Focused
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 1 of 13
Sector (Apparel/Textiles) 1 of 2
Type (Stake Purchase) 1 of 1
State (Rhode Island) 1 of 1
Country (United States) 1 of 11
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-26 Bai Brands

Hamilton, New Jersey, United States

Bai Brands LLC is a beverage company. Bai, launched the brand with the mission to share the powerful antioxidant of coffee's superfruit with consumers by producing refreshing beverages that harness the unique ingredient. Bai (Mandarin for "pure") delivers 100% natural infusions with one gram of free-radical fighting coffeefruit, naturally sweetened and flavored with exotic fruit juices. In addition, Bai products are kosher, vegan, gluten- and soy-free, and come in various thirst-quenching fruit flavors in addition to its 5-calorie products, Bai5. Bai Brands LLC was established in 2009 and is headquartered in Hamilton, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-06 Sweaty Betty

London, United Kingdom

Sweaty Betty is a provider of activewear brand whose purpose is to inspire women to find empowerment through fitness. Sweaty Betty was founded in 1998 and is based in London, United Kingdom.

Buy -
Mergr

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