The acquisition of Lillian Vernon Corporation by a private equity fund managed by Ripplewood Holdings L.L.C. was completed July 2. The merger transaction was approved by stockholders on June 23. Under the terms of the merger, stockholders of the 52-year-old catalog firm will now receive $7.25 in cash for each share. Ripplewood manages approximately $4 billion of committed capital through four institutional
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The acquisition of Lillian Vernon Corporation by a private equity fund managed by Ripplewood Holdings L.L.C. was completed July 2.
The merger transaction was approved by stockholders on June 23. Under the terms of the merger, stockholders of the 52-year-old catalog firm will now receive $7.25 in cash for each share.
Ripplewood manages approximately $4 billion of committed capital through four institutional private equity funds, focusing primarily on investments in the U.S. and Japan. Media executive partnership ZelnickMedia was Ripplewood's partner in the acquisition.
