CID Capital, ORIX acquire lifestyle company Giftcraft
Brampton, Ontario-based lifestyle company Giftcraft Ltd has been acquired by CID Capital, a U.S. private equity firm, and ORIX Mezzanine & Private Equity, an affiliate of Japan's ORIX Corp. Terms weren't disclosed. The deal facilitates Giftcraft's succession plan and will back its growth opportunities over the next few years, both organically and through acquisitions. President and CEO Trevor Cohen and Executive Vice-President Gary Polan will remain in their current roles to support the company's transition. Founded in 1946, Giftcraft services the product and merchandising needs of a network of more than 25,000 décor and giftware retailers in North America.
30 January 2019•3 mins read
