A San Francisco Bay Area investment company, JH Partners has pursued equity investments in a variety of consumer markets over the years. Among JH Partners’ high profile transactions was the sale of a 40 percent stake it held in the nationwide jewelry chain retailer Alex and Ani. According to Reuters, JH Partners acquired its stake in the jeweler in 2012, with the deal bringing attention to the expansion potential of lifestyle brands that resonate with consumers in meaningful ways. Based in Rhode Island, Alex and Ani achieved success through a focus on eco-friendly materials and an emphasis on the positive energy of its products. At the time of the 2014 sale of JH Partners’ stake, the firm achieved a reported $350 million in revenue, as well as $80 million in earnings before depreciation, interest, tax, and amortization. The firm spanned 43 stores, as well as nearly 200 kiosks in Nordstrom, Bloomingdale’s, and other department stores. With UK-based Lion Capital, LLP acquiring the 40 percent stake, the remaining 60 percent stayed in the hands of founder and CEO Carolyn Rafaelian, who named the company after her daughters.
0 Comments
Leave a Reply. |
AuthorA firm actively investing in retail brands, JH Partners executes a business strategy focused on companies that directly serve consumers in the United States and abroad. Archives
September 2017
Categories
All
|