Holland & Knight Represents Lugano Diamonds & Jewelry in $256 Million Sale to Compass Diversified
IRVINE, Calif. (September 9, 2021) – Holland & Knight represented Lugano Diamonds & Jewelry, Inc. in its sale to Compass Diversified (NYSE: CODI), an owner of leading middle market businesses. The sale, which was announced on Sept. 7, was valued at $256 million (excluding working capital and certain other adjustments upon closing).
Based in Newport Beach, Calif., Lugano is a designer, manufacturer and marketer of high-end, one-of-a-kind jewelry. Lugano conducts sales of its exclusive merchandise via four retail salons in Newport Beach, Aspen, Palm Beach and Ocala, as well as via pop-up showrooms at Lugano-hosted exclusive events. The company will continue to be led by its current leadership team, and existing owners and management will retain a significant minority stake.
Holland & Knight Partner Bryan Gadol led the firm's representation of Lugano. He was assisted by Partners Matthew Bielen, John Dierking, Kevin Gooch, Wendy Kottmeier, Marie Larsen, Katharine Menendez de la Cuesta, Henry Roque, Eric Rubin, Martin Seidel and William Sherman and Associates Nick Dellefave, Ana Cardenas, Hanna Habtewold, Daniel Janovitz and Michael Romeo.
More information about the transaction can be found here.