Report: Madison Dearborn preparing to sell Yankee Candle
March 12, 2013 9:04AM
Updated: March 12, 2013 9:16AM
Yankee Candle Co Inc., owned by Chicago-based buyout firm Madison Dearborn Partners, is being prepared for a sale, three people familiar with the matter said, according to a Reuters report Monday.
Yankee Candle, the largest scented candle company in the United States, was acquired by Chicago-based buyout firm Madison Dearborn Partners for $1.6 billion in 2006. Madison Dearborn is working with Barclays and Bank of America Merrill Lynch on a sale process that is still in the early stages, Reuters reported, citing the unnamed sources