Private Investment Firm Clarion Capital Partners in late February won a bankruptcy auction to purchase substantially all of the assets of tableware and collectibles merchant Lenox Group.
Terms of the deal were not disclosed, but it is believed to be valued at about $100 million. It includes the Lenox, Dansk, Gorham and Department 56 brands. Peter Cameron, previously CEO of Waterford Wedgwood and All-Clad Metalcrafters, will become CEO of Lenox after the transaction closes.
Lenox Group, which had been looking for a buyer for more than a year, filed for Chapter 11 in November.
It was reported earlier in February that private equity firm KPS Partners was buying Lenox in a deal that did not include the Department 56 business.
That deal was subject to the approval of the U.S. Bankruptcy Court; the court approved the Clarion bid after the bidding process was reopened during a hearing on Feb. 25.