SAN FRANCISCO, Oct. 11, 2012 /PRNewswire/ -- JH Partners LLC, an
investor of growth capital in consumer-focused companies, has
completed the merger of its portfolio company, Image Entertainment
Inc. (OTCQB: DISK), with RLJ Acquisition, Inc. (formerly OTCQB:
RLJA), a special purpose acquisition company, and Acorn Media Group
Inc. to form RLJ Entertainment Inc. (Nasdaq: RLJE). JH
Partners had been the majority owner of Image Entertainment, a
leading independent licensee and distributor of entertainment
programming in North America,
since January 2010.
Pat Collins, a partner at JH
Partners and former Director of Image Entertainment, said, "We are
pleased with this transaction, which represents a great outcome for
JH Partners, as well as our management and co-investor partners.
We welcome the opportunity to participate as one of RLJ
Entertainment, Inc.'s shareholders going forward."
About JH Partners
Based in San Francisco, JH
Partners specializes in investing capital in growth-oriented,
middle-market consumer products and services companies. JH Partners
distinguishes itself among private equity firms with its decades of
relevant operating experience among its professional investment
team and the deep understanding of consumer markets that comes with
the firm's narrow investment focus. Among the firm's 24
current and past investments are such well-known brands as Bare
Escentuals, J.McLaughlin, Frette, La Perla, Design Within Reach,
Jurlique, Kate Somerville Skin Health Experts and Peet's Coffee
& Tea. JH Partners manages approximately $1 billion in private equity commitments.
Additional information on JH Partners may be found at
www.jhpartners.com.
Contacts:
Todd
Fogarty
Kekst and
Company
212-521-4854
todd-fogarty@kekst.com
|
Donald C.
Cutler
Kekst and
Company
415-852-3903
donald-ccutler@kekst.com]
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SOURCE JH Partners LLC