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.
Location
California, United States
Transaction Type
Buyout

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