Investcorp Buys Luxury Danish Brand In $140M PE-To-PE Sale

Law360, New York (November 5, 2012, 3:26 PM EST) -- Investcorp, the private equity investor behind high fashion names like Tiffany & Co. and Gucci, is buying Scandinavian luxury brand Georg Jensen from Axcel Capital Partner Ltd. for $140 million, the parties said Monday.

In trading one private equity owner for another, Georg Jensen has set its sights on taking its high-end jewelry, watches and home wares global. The company will have a new cadre of industry veterans on board as well. Investcorp is bringing executives from Nautica, DeBeers Group and Cartier SA to help grow...
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