Sale of Pan Jewelry Ltd. to Pandora A/S


Established in 1982, Pandora is a leading international jewelry brand owned by Danish-based Pandora A/S.  Its extensive product range includes charms, bracelets, earrings, rings, watches, necklaces and pendants in a variety of materials including gold, silver and leather.   BJ FitzPatrick Holdings Ltd. (“BJ FitzPatrick Group”), through its subsidiary Pan Jewelry Ltd. (“Pandora Ireland”), was the exclusive agent for Pandora jewellery in Ireland since the brand’s Irish launch in 2009.  In the Irish market, Pandora jewelry is mainly available through a nationwide network of 25 exclusive concept stores; its footprint covers all of the major retail locations including Grafton St. (Dublin), Henry St. (Dublin), Dundrum Town Centre (Dublin), Blanchardstown (Dublin), Liffey Valley (Dublin), Patrick St. (Cork) and Crescent Shopping Centre (Limerick).

 Pegasus Capital advised BJ FitzPatrick Group on the EUR 23 million sale of Pandora Ireland to Pandora A/S in a transaction that will facilitate the continued expansion of the business in Ireland.

YEAR: 2018
SECTOR: Retail
TERMS: EUR 23,000,000