Compass Diversified (CODI) Acquires Lugano Diamonds & Jewelry
September 7, 2021
Compass Diversified (CODI) acquired Lugano Diamonds & Jewelry, a Newport Beach-based luxury jewelry designer, manufacturer and retailer, for an enterprise value of $256 million. Lugano's existing management will continue to lead the business and retain a significant minority stake while CODI plans to support geographic expansion and expanded event-driven marketing to drive growth.
- Buyers
- Compass Diversified (CODI)
- Targets
- Lugano Diamonds & Jewelry, Inc.
- Industry
- Consumer Products
- Location
- California, United States
- Transaction Type
- Buyout
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