Daniel’s Jewelers, a Culver City, California-based specialty jewelry retailer, received a majority investment from Palladium Equity Partners.
The amount of the transaction was not disclosed.
The company intends to use the proceeds to open new locations in new markets and pursue strategic acquisitions, both inside and outside of California.
Founded in 1948 as a family-operated business, Daniel’s Jewelers has grown to 73 locations throughout Los Angeles, the Inland Empire, San Diego, Orange Country, Ventura, the Central Valley and the Central Coast.
Following the investment, Daniel’s will continue to be led by David Sherwood, a member of the founding family and Chief Executive Officer since 2007.
FinSMEs
25/11/2014