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Things Remembered acquired by Madison Dearborn Partners
Private equity firm Madison Dearborn Partners has purchased Things Remembered from Bruckmann, Rosser, Sherrill & Co. (BRS) and GB Merchant Partners for $295 million.Full Article: http://www.chainstoreage.com/article/things-remembered-acquired-madison-dearborn-partners?ad=news
“GBMP and BRS were excellent partners, providing valuable strategic guidance and capital support throughout the investment period,” said Michael Anthony, CEO of Things Remembered, Highland Heights, Ohio, which operates 640 stores in the United States and Canada. “We now look forward to working with Madison Dearborn and benefitting from its expertise, as we remain focused on supporting our customers with the highest service and quality.”
BRS and GBMP jointly acquired Things Remembered, which specializes in personalized gifts, in 2006 from Luxottica Group S.p.A.