Successful Gem Shopping Network Sale to Sun Capital via Livingstone's Expertise

Successful Sale of Gem Shopping Network to Sun Capital Partners via Livingstone's Expertise

In September 2013, Livingstone Partners' Consumer sector team facilitated the strategic sale of Gem Shopping Network GSMN to an affiliate of global private equity firm Sun Capital Partners. The transaction underscores the synergy between a pioneering gemstone and jewelry retler and a seasoned investment group that shares its vision for growth.

Founded by Frank M. Circelli in 1997, GSMN is a groundbreaking 24-hour live TV channel dedicated to the sale of premium colored gemstones and unique jewelry pieces, reaching over 40 million US households via satellite and cable networks.

Frank Circelli states: GSMN was established with the m of educating consumers about exceptional gems sourced from around the world, making them accessible through our platform. The confidence that our clients place in our company is reflected in the superior quality of jewelry we offer.

Andrew Isgrig, Managing Director at Livingstone Chicago, underscores: Frank's passion for gemstones has been inspiring. The team at GSMN built a distinctive business model, and it was a pleasure collaborating with them. Our goal was to ensure that the transaction met their expectations and exceeded them.

PJ Lynch, CEO of Gem Shopping Network adds: Under Livingstone's guidance, our company has achieved significant industry leadership. We're excited about partnering with Sun Capital for this next phase, where we m to leverage their retl expertise and financial support to accelerate our growth strategy.

Andrew Bozzelli, Vice President at Livingstone Chicago emphasizes that the firm understands the unique needs of founder-led businesses transitioning ownership. This latest success further exemplifies their track record in delivering outstanding outcomes for privately held enterprises.

This transaction represents one of several high-profile Consumer deals completed by Livingstone Partners in 2013 involving private equity investment, including the Key Travel acquisition backed by Livingbridge and Drake Morgan's buyout financed by Bowmark Capital.

To stay updated with our latest insights and news:

• Subscribe to our Newsletter

• Connect with us on LinkedIn

For inquiries or partnership opportunities:

• Visit our Contact page

Thank you for your interest in Livingstone Partners - where success stories unfold.
This article is reproduced from: https://www.livingstonepartners.com/en-us/transactions/gem-shopping-network-sold-to-an-affiliate-of-sun-capital-partners/

Please indicate when reprinting from: https://www.f501.com/Jewelry_Jadeite/Gem_Sale_Livingstone_Sun_Capital.html