| Yankee Candle says $1.6 billion sale to private equity group complete
DEERFIELD, Mass. Yankee Candle says its one-point-six (b) billion dollar sale to private equity group Madison Dearborn Partners is complete. The deal was announced in October. Shareholders of the Deerfield-based candle maker approved the takeover in late January. The company's stock will be delisted from the New York Stock Exchange before the start of trading tomorrow. Yankee officials have said the sale will NOT result in any layoffs or store closings. Copyright 2007 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. .
Veterans project offers perspectives on war
AMHERST - Twenty-five years ago, a group of Vietnam veterans formed the Veterans Education Project here to train veterans how to share their stories and life lessons in our classrooms and communities. In their speaking engagements, the veterans challenge people to think differently about war, deglorify violence and envision alternatives. Recently, the Veterans Education Project has solidified its work reaching out to families of deployed or returned troops through its newly founded program, Military Families Connect. The program offers support to families who have members or loved ones currently involved in war or returned from war. The public is invited to attend a celebration of the Veterans Education Project's anniversary and meet some of the families of soldiers who are in or who have returned from Iraq and Afghanistan at Chandler's Tavern at Yankee Candle Co.
Yankee Candle and Madison Dearborn Partners Announce Completion of ...
SOUTH DEERFIELD, Mass.--(BUSINESS WIRE)--The Yankee Candle Company, Inc. ("Yankee" or the "Company"; NYSE:YCC) today announced the completion of the merger of Yankee with an affiliate of Madison Dearborn Partners, LLC, a leading private equity firm. The total transaction is valued at approximately $1.6 billion, including the assumption of existing indebtedness. The Company also announced today the closing of a $325 million Senior Notes offering due 2015, a $200 million Senior Subordinated Notes offering due 2017, and $775 million of new Senior Secured Credit Facilities, which were used to partially fund the merger. "We are pleased that this transaction has been completed and we very much look forward to our partnership with Madison Dearborn," said Craig Rydin, Chairman and Chief Executive Officer of the Company.
Yankee Candle “Lights a Candle for Your Heart”
For more information about the Yankee Candle "Light a Candle for Your Heart" Program including how you can help, please go to either www.yankeecandle.com or www.goredforwomen.org. About Yankee Candle The Yankee Candle Company, Inc. is the leading designer, manufacturer, wholesaler and retailer of premium scented candles, based on sales, in the giftware industry. Yankee has a 37-year history of offering distinctive products and marketing them as affordable luxuries and consumable gifts. The Company sells its products through a North American customer network of approximately 17,400 store locations, a growing base of Company owned and operated retail stores (420 located in 43 states as of December 30, 2006 including 16 Illumination Stores), direct mail catalogs, its Internet websites (www.yankeecandle.com, www.aromanaturals.com and www.illuminations.com ), international distributors and to a European customer network of approximately 2,500 store locations (through its distribution center located in Bristol, England).
Lawson Announces North American Partnership with The Revere Group
ST. PAUL, Minn.--(BUSINESS WIRE)--Lawson Software (Nasdaq:LWSN - News) today announced a new partnership with The Revere Group, a business consulting and IT solutions firm based in Chicago, Ill. Under the new agreement, Lawson and The Revere Group will partner to deliver enterprise software solutions to a variety of retail organizations and manufacturing firms. The two companies will focus primarily on North American companies.
Lawson provides enterprise solutions designed specifically for the needs of retail organizations and companies in discrete and process manufacturing, including the fashion and food and beverage industries. The Revere Group provides IT management consulting, project management, IT strategy, integration services and outsourcing.
"Working with The Revere Group, we will be able to leverage significant strengths of both of our companies to serve a highly targeted segment of the manufacturing industry," said Brian Sterrett, vice president of channels and partners, Lawson.
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