Gibson, Dunn & Crutcher advised Compass Diversified Holdings on its acquisition of Lugano Diamonds & Jewelry Inc., a jewelry maker, designer, and marketer.
Holland & Knight advised Newport Beach, Calif.-based Lugano on the transaction, which estimates the company has an enterprise value of $256 million. The estimate excludes working capital and certain other adjustments, according to a statement.
Lugano, founded in 2004, uses a private salon-based sales model. It partners with local organizations to host and sponsor equestrian, social and philanthropic events to connect with clients, the statement says.
Elias Sabo, Compass Diversified’s CEO, said Lugano’s commitment to design and connecting with its target clientele differentiates it from competitors.
“We believe that Lugano, as a trusted jewelry adviser offering a rare combination of exclusivity and service, has a sustainable business model capable of generating significant revenues and growth in both the near- and long-term,” Sabo said.
To contact the correspondent on this story: Rick Mitchell in Paris at rmitchell@correspondent.bloomberglaw.com
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