December 8, 2014 / 7:58 PM / 3 years ago

JH Partners sells part of stake in jewelry company Alex & Ani

Dec 8 (Reuters) - JH Partners has sold part of its ownership in jewelry company Alex & Ani, the private equity firm said on Monday.

San Francisco-based JH Partners, which acquired a 40 percent stake in 2012, sold half of its holding to British buyout firm Lion Capital LLP.

Reuters reported last week that Alex & Ani, which makes charm bracelets, could be valued for as much as $1 billion.

Rhode Island-based Alex and Ani posted revenue of $350 million this year and earnings before interest, tax, depreciation and amortization of around $80 million, sources told Reuters. (Reporting by Olivia Oran; Editing by Jeffrey Benkoe)

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