5/24/16
Clarion Capital Partners Receives Consumer Restructuring of the Year Award Clarion Capital Partners Receives Consumer Restructuring of the Year Award
New York, May 24, 2016 – Global M&A Network honored Clarion Capital Partners (“Clarion”) for its acquisition of Reed & Barton at the 8th Annual Turnaround Atlas Awards Gala that took place in New York City on May 17, 2016.
Lenox Corporation (“Lenox”), a Clarion portfolio company, acquired Reed & Barton in April 2015. Lenox’s acquisition and reorganization of Reed & Barton earned Clarion the Consumer Manufacturing Restructuring of the Year award.
“We are pleased with Lenox’s progress with the Reed & Barton brand since we acquired it in 2015,” said Thomas Goundrey, Managing Director at Clarion.
“Reed & Barton has not only strengthened our position in upscale flatware, but has extended our distribution with independent retailers as well. We congratulate both the Lenox and Clarion teams in integrating Reed & Barton and we look forward to Lenox’s continued success.”
About Lenox Corporation
Lenox Corporation is America’s leader in designing and marketing high quality tabletop, giftware, and collectibles products. Additional information on Lenox can be found at www.lenox.com.
About Clarion
Founded in 1999, Clarion is a New York-based investment manager operating two primary business segments: Private Equity (launched in 1999) and Structured Credit (launched in 2018). Clarion’s private equity business seeks to make primarily control investments in a diversified portfolio of lower middle-market companies generating $7.5-30.0 million of EBITDA. Clarion focuses on growth companies in industries such as: Media, Entertainment & Technology; Financial Technology & Services; Business & Healthcare Services; and Consumer & Consumer Services. Clarion’s structured credit business focuses mostly on CLO equity and mezzanine investments, sourced both in the primary and secondary markets. The structured credit team manages traditional private funds and an insurance-dedicated fund. Additional information on Clarion can be found at www.clarion-capital.com.