SUCCESSION CAPITAL ACQUIRES SIENNA SKY: Private equity firm Succession Capital, subsidiary of Lynx Equity Ltd., has acquired Sienna Sky Jewelry for an undisclosed amount.
Sienna, founded in 1994 and headquartered in Longmont, Colo., distributes jewelry under the names Sienna Sky and Adajio Collection. Mathew Burpee, Lynx vice president for Western Canada, said, “Sienna Sky’s greatest strength lies in the creativity and uniqueness of its product designs.”
Succession’s portfolio umbrella includes JewelPop, H.J. Sherman and Baker Shoe Co. The San Diego-based private equity firm favors transactions between $2 million and $8 million involving businesses in which their owners are looking to retire and cash out.