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NEW: Alex and Ani Finds New Investor, Company Valued at $1 Billion

Friday, December 05, 2014


Reuters is reporting that private equity firm JH Partners has sold its 40 percent stake in jeweler Alex and Ani, and "according to people familiar with the matter, who added the charm bracelet maker could be worth as much as $1 billion."

Olivian Oran reported Friday afternoon that San Francisco-based JH Partners, which bought the stake in 2012, sold its holding to British buyout firm Lion Capital LLP, and that Alex and Ani founder and chief executive Carolyn Rafaelian will control the remaining 60 percent of the company.

Revenue Cited

According to Reuters, Alex and Ani posted revenue of $350 million this year and earnings before interest, tax, depreciation and amortization of around $80 million, according to people close to the deal "who asked not to be identified because the matter is not public."


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Trinity Brewhouse

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Pranzi Catering

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Microdermal Pigmentation

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