Madison Dearborn Unloading Yankee Candle for $1.75B
September 04, 2013
Madison Dearborn Partners has inked an agreement to sell Yankee Candle to Jarden (NYSE: JAH) for $1.75 billion in cash. Yankee Candle designs, manufactures, wholesales and retails scented candles. Madison Dearborn considered taking the company public earlier this year after several private equity bids failed to materialize a deal. Madison Dearborn bought the company for about $1.6 billion in February 2007.