Welcome! Login | Register

Subscribe Now: Free Daily EBlast

 
 

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."

 

Related Slideshow: 20 Cool Small Businesses in RI

Prev Next

Trinity Brewhouse

186 Fountain Street, Providence RI

Trinity Brewhouse brews it's own award-winning beers in house, for a fresh experience every time. They also offer a $50 annual fee to become a member of their Mug Club which offers discounts on drinks and food. 

Prev Next

Sproutel

The Sproutel is well-known for creating Jerry the Bear - an interactive toy that teaches children with diabetes how to care for themselves. The Providence-based business is currently expanding their technology to accommodate children with other conditions.   

Photo: Sproutel

Prev Next

Pranzi Catering

10 Rosario Dr., Providence, RI 

Pranzi has catered for all types of events from weddings to corporate luncheons. Owner and founder Lisa Mattiello was recently named the "2014 Rhode Island Small Business Person of the Year" by the Resource Guide for Small Business.

Photo: Pranzi

Prev Next

The Green Grocer

934 East Main Rd., Portsmouth, RI

The Green Grocer is an organic market out of Portsmouth that supports local farmers. The market has also won many an award under owner John H. Wood II including:  the "Veteran-owned Small Business of the Year" award from the Small Business Administration. 

Prev Next

Sweet Berry Farm

915 Mitchell’s Lane, Middletown, RI

Sweet Berry Farm has everything you would expect from a local farmer's market and more. They feature juried art exhibitions, a sit-down cafe, and prepared foods for when you are on the run.  

Photo: Clare Rok

Prev Next

Verde Vineyards

50 Hopkins Avenue, Johnston, RI

Verde Vineyard is a family owned and operated vineyard based in Johnston.  The business is known for giving free tours and tastings on the weekends. 

Photo: Verde Vineyards

Prev Next

Swipely

10 Dorrance St., Providence, RI

Swipely is turning payment systems for businesses into upgraded, secure payment solutions with their innovative technology for businesses of all sizes. 

Photo: Swipely

Prev Next

Craftland

212 Westminster St., Providence, RI

Craftland was once a holiday store which came around annually to sell its wares. But now it has grown into a full-time shop front for local artisans to sell everything from jewelry to home goods. 

Photo: Jen Brister of Brister Photo

Prev Next

Microdermal Pigmentation

989 Reservoir Ave., Cranston, Rhode Island

The Center for Microdermal Pigmentation is the only business of its kind in the area offering permanent makeup solutions.

Prev Next

New Harvest Coffee

65 Weybosset, Providence, RI

New Harvest Coffee Roasters opened a second location in the Arcade earlier this year and offers a wide variety of cocktails and freshly roasted coffee selections. 

Prev Next

Medici Gelato

74 Maple Ave., Barrington, RI

Medici Gelato is a tiny shop in Barrington which opened in September and features an ever-changing variety of freshly made authentic gelato (which you can try before you buy), along with tiramisu and cookies!

Prev Next

Muse

279 Water St, Warren, RI

Muse American Handcrafted is tax-free everyday and offers custom wedding band services. All of their jewelry is 100% handcrafted in America by local artisans. 

Prev Next

Barrington Books

184 County Rd, Barrington, RI

Barrington Books has been awarded year after year as the "Best Independent Bookstore" on the East Bay and often hosts book signings by local authors. 

Prev Next

Gents

1000 Chapel View Blvd., Cranston, RI 

Gents specializes in old-fashioned, full service barber shop and spa. They specialize in services including straight-razor hot shaves, shoe shines and massages. 

Prev Next

Frog and Toad

795 Hope St., Providence, RI

Frog and Toad of Providence has locally made and handcrafted T-shirts, jewelry, handbags, and home goods as well as free trade items from around the globe. 

Prev Next

Professor Chef

41 Lookout Ave, North Providence, RI

Professor Chef is run by a husband and wife team and provides courses on how to cook a full course meal, and wine making among others. The courses are highly interactive so taste, prep and enjoy in your home or in their kitchen. 

Prev Next

bin 312

312 South Main St., Providence, RI

bin 312  features a wide selection of wines and spirits and hosts free tastings every Thursday night!

Prev Next

Justine's

11 Olneyville Square, Providence, RI 

Justine's is Olneyville's best kept secret, a speak-easy 1920's bar atmosphere with an actual functioning lingerie shop "front". 

Prev Next

Frey Florist & Greenhouse

50 Radcliffe Avenue Providence, RI

Frey Florist and Greenhouses has been family owned and operated since 1973, and creates custom arrangements for every occassion that can be delivered around town by request. 

Photo: Frey Florist and Greenhouses

Prev Next

Providence Perfume Compan

301 Wickenden St., Providence, RI

Providence Perfume Company allows you to create your own signature scent by blending their 100% natural botanical ingredients. 

Photo: Providence Perfume Company

 
 

Related Articles

 

Enjoy this post? Share it with others.

 

X

Stay Connected — Free
Daily Email
 
:!