Lion Capital completed acquisition of DMC Group from BlueGem Capital for $136m.

Lion Capital, a British private equity firm specializing in investments in the consumer sector, completed the acquisition of DMC Group, an embroidery brand, from BlueGem Capital for $136m. “We are proud of the rapid and significant business improvements that have been achieved at The DMC Group, where we partnered with a high calibre management team. Thanks to the team’s work, The DMC Group is now the undisputed market leader in an attractive and resilient niche. There remains substantial potential for growth within the company, and we are happy to hand it over to Lion Capital. Thanks to its unparalleled industry contacts and expertise, we believe Lion will successfully add to the business’s strong existing foundations. For Bluegem, the sale of The DMC Group is the first exit from our Fund II’s portfolio and generated a Cash-on-Cash of 2.7x and an IRR of 55%,” Marco Capello, Bluegem Founder and Managing Partner.