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Highlander Partners Acquires US Linens Company Sferra
Thursday 11 October 2018

11 October 2018 - US-based private investment firm Highlander Partners, L.P has acquired US-based luxury linens and home lifestyle company Sferra Fine Linens, LLC, the firm said.

Founded in Italy in 1891, and headquartered currently in Edison, New Jersey, Sferra is a luxury linens and home lifestyle company, with a consumer brand.

Sferra's product portfolio includes more than ten different categories, including bed, bath, table, and decorative accessories.

The Sferra brand is known for sourcing premium natural fibres to spin and weave its luxury goods. The company's multi-channel distribution platform consists of over 800 home specialty boutiques, major luxury department stores,, and select hospitality properties.

Mark Blanchat, a partner at Highlander has been named as the newly-appointed chairman of Sferra; and Michelle Klein will continue in her role as CEO and president of the company.

Sferra is in consumer luxury bed and bath linens and other home textiles produced in world-renown Italian mills.

The company serves more than 800 home specialty boutiques throughout North America, along with Bloomingdale's, Neiman Marcus and Bergdorf Goodman. Sferra maintains a showroom in New York open to the trade.

Highlander Partners, L.P. is a Dallas-based private investment firm with over USD 2bn of assets under management.

The firm focuses on making investments in businesses in targeted industries in which the principals of the firm have significant operating and investing experience, including basic manufacturing, food, chemicals, building materials, consumer products, and others.

Highlander Partners uses a "buy and build" investment approach, creating value by helping companies grow organically and through acquisitions.

Lazard Middle Market acted as financial advisor to Sferra. Regions Bank and Fifth Third provided senior financing, and Norwest Mezzanine Partners provided mezzanine debt in support of the transaction.
Date Published: 11/10/2018
Target: Sferra Fine Linens, LLC
Country: USA
Sector: Clothing/Textiles
Type: LBO
Status: Closed
Buyer: Highlander Partners, L.P
Terms of the deal were not disclosed