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Brookstone Sold

New ownership will take company private

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Brookstone Inc. (Merrimack, N.H.) has announced the closing of its previously announced transaction with a private investment consortium led by OSIM International, a Singapore-listed healthy lifestyle products company. The consortium also includes JW Childs Associates LP, a Boston-based private equity firm, and Temasek Holdings (Private) Ltd., a Singapore-based investment company.

Ownership of the specialty retailer will also include current Brookstone senior management. Brookstone president and ceo Michael Anthony will serve on the board of the new company. Brookstone will continue its operations as a privately held company.

OSIM is a brand management and niche marketing company, operating a point-of-sales network of over 700 outlets in Asia, Australia, Africa, the Middle East, United Kingdom and North America. JW Childs specializes in leveraged buyouts and recapitalizations of middle-market growth companies. Temasek Holdings manages a diversified global portfolio of S$100 billion, spanning Singapore, Asia and the OECD economies.

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