Canadian private equity firm Lynx Equity has bought JewelPop Inc and Lotus Imports Ltd, both designers, importers and distributors of several sterling silver jewellery lines, and based in Halifax, Nova Scotia. Financial details of the transaction were not disclosed. The deal follows Lynx’s August acquisition of Toronto-based fashion wholesaler Fine Line Imports Inc. The firm indicated that it plans to pursue similar acquisitions during the balance of 2013.
Lynx Equity is Pleased to Announce the Acquisition of JewelPop Inc. and Lotus Imports Limited
BusinessWire Oct. 9, 2013
Lynx Equity Limited (“Lynx”) announced today that it has acquired JewelPop Inc. and Lotus Imports Limited (“JewelPop”), designers, importers and distributors of several sterling silver jewellery lines based out of Nova Scotia, Canada. “Lynx is proud to be able to carry on the success of a great Canadian jewellery brand. JewelPop has an excellent track record of growth and innovation and we look forward to building on this trend,” commented Lynx Partner Djenane Cameron. Founders Robert and Allison Smith added, “We are very excited to be partnering with Lynx Equity and look forward to growing this business together”. This acquisition follows the recent announcement that Lynx has also acquired fashion wholesaler Fine Line Imports Inc. The two companies join Lynx’s rapidly expanding portfolio of over twenty-five subsidiaries, concentrated in the small-to-medium sized business space. Lynx continues to pursue similar acquisitions and looks forward to continued rapid growth for the remainder of 2013.
Founded in 2007, and based out of Halifax, Nova Scotia, JewelPop designs, imports, and distributes a patented interchangeable jewellery system called Kameleon™ and the new interchangeable GemDrops product line. The product lines are unique in the global marketplace, as they are the first jewellery systems to offer interchangeability across the entire spectrum of jewellery design.
For more information on JewelPop, please visit www.jewelpop.com
About Lynx Equity Limited
With sales in excess of $130 million, Lynx Equity Limited is a diversified private equity firm focusing on acquiring small and medium-sized businesses from owners looking to retire. Lynx targets transactions between $2 million and $8 million and utilizes a buy and hold strategy.
For more information on Lynx Equity, please visit www.lynxequity.com
Lynx Equity Limited
Ashley Manis, 416-454-3782
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