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Lang Bought by Investment Cos. Joint Venture

Staff -- Gifts and Dec, 11/1/2009 12:00:00 AM

Greenwich, CT —

A bankruptcy judge approved the sale of stationery and gift vendor Lang Holdings Inc. to a new corporation called LHI Enterprises Inc., a joint venture of private equity company Catterton Partners, Greenwich, and an affiliate of Sun Capital Partners Inc., Boca Raton, FL. LHI Enterprises bid $25 million in credit, offsetting debt Lang owes to Catterton and Sun.

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