Madison Dearborn Nets $1.75B In Sale Of Yankee Candle

Law360, New York (September 3, 2013, 12:02 PM EDT) -- Consumer brands giant Jarden Corp. will buy the Yankee Candle Co. Inc. for $1.75 billion from Madison Dearborn Partners LLC in a deal announced Tuesday, a key exit for the private equity firm as it winds down the last of its boom-era investments.

The deal comes after Madison Dearborn tried unsuccessfully to sell Yankee Candle earlier this year, then scrapped a planned dividend recapitalization in June during a hiccup in the debt markets.

The purchase price, which New York-based Jarden expects to pay through a combination...
To view the full article, register now.