The Carlyle Group and Centre Lane Partners Combine Candle-lite Company and PartyLite | Business Wire

NEW YORK–(BUSINESS WIRE)–Global alternative asset manager The Carlyle Group (NASDAQ: CG) and

Centre Lane Partners, LLC, a New York-based private investment firm,

announced today that they have partnered to create Luminex Home Décor &

Fragrance Holding Corporation.

This new holding company combines two global candle and home fragrance

companies: Candle-lite Company and PartyLite. The two companies will

operate as wholly-owned subsidiaries of Luminex HD&F Company, and will

establish the foundation to create a leading global omni-channel home

décor & fragrance company, leverage their R&D and product development

efforts, and ensure broad consumer reach by both companies.

Candle-lite Company, founded in Cincinnati, Ohio in 1840, is a designer,

manufacturer and wholesaler of candles and home fragrance products for

the mass merchant, food, and drug retail outlets in the United States.

From its almost one million-square-foot manufacturing and distribution

facility in Leesburg, OH, Candle-lite offers consumers a wide selection

of high quality products under its Candle-lite Company, Essential

Elements, Revere House, and Royale Classics brands.

PartyLite, founded more than 40 years ago, is a global home décor and

fragrance direct selling company. As a designer and manufacturer,

PartyLite offers an extensive portfolio of premium candles, flameless

products, and home décor accessories through its network of 45,000 sales

consultants operating in 24 countries.

Candle-lite’s Chief Executive Officer, Calvin Johnston, will serve as

the CEO of the combined companies as well as serve on Luminex’s Board of

Directors, along with representatives from The Carlyle Group and Centre

Lane Partners. With more than 1,200 employees operating out of 12

offices worldwide, the new corporate office for Luminex will be based

out of Candle-lite’s headquarters in Blue Ash, OH.

“Our teams are excited by the opportunities and growth potential the

combination of these two great companies offers,” said Johnston. “This

structure will enable us to leverage the strengths and capabilities of

both businesses, allow us to serve our existing customers and

consultants better, and provide a platform for growth by entering new

product categories and markets over the coming years.”

PartyLite is a portfolio company of Carlyle Equity Opportunity Fund, a

$1.1 billion U.S. middle-market buyout fund.

About The Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager

with $178 billion of assets under management across 125 funds and 164

fund of funds vehicles as of March 31, 2016. Carlyle’s purpose is to

invest wisely and create value on behalf of its investors, many of whom

are public pensions. Carlyle invests across four segments – Corporate

Private Equity, Real Assets, Global Market Strategies and Investment

Solutions – in Africa, Asia, Australia, Europe, the Middle East, North

America and South America. Carlyle has expertise in various industries,

including: aerospace, defense & government services, consumer & retail,

energy, financial services, healthcare, industrial, real estate,

technology & business services, telecommunications & media and

transportation. The Carlyle Group employs more than 1,650 people in 36

offices across six continents

Web: www.carlyle.com
Videos: www.youtube.com/onecarlyle
Tweets: www.twitter.com/onecarlyle
Podcasts: www.carlyle.com/about-carlyle/market-commentary

About Centre Lane Partners

Centre Lane is a private investment firm focused on making equity and

debt, control and non-control, investments in North American middle

market companies. Centre Lane targets companies with revenues between

$20 and $500 million that have leading market positions and sustainable

competitive advantages in their respective niches. Industries targeted

for investment are broad and diverse with no industry excluded from our

consideration. For more information, please go to www.centrelanepartners.com

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