H.I.G. Growth Partners, part of H.I.G. Capital, has sold its jewelry and lifestyle company, The GLD Shop, to MarcyPen Capital Partners and Brand Velocity Group while retaining a minority interest to support future growth.
Based in Miami, Florida, The GLD Shop is a lifestyle jewelry brand known for custom chains, pendants, watches, and accessories. Since launching in 2015, GLD has become a cultural icon, gaining millions of followers and recognition from top athletes and artists, combining streetwear with luxury craftsmanship.
Following H.I.G.’s strategic investment and partnership in 2021, GLD has assembled a world-class leadership team, refined its marketing strategy, significantly expanded its product portfolio, and enhanced its connection with its community. The company grew its revenue by over 130% over four years and achieved significant levels of profitability.
KEY QUOTES:
“GLD’s evolution from a digital disruptor to category leader has been part of our aligned vision with Christian and the senior management team since our initial investment. We’re proud of the growth we achieved working together, and we believe that MarcyPen and Brand Velocity Group are the ideal partners to expand upon the foundation that we have built. We look forward to joining them in this next phase of the Company’s continued growth.”
Evan Karp, Managing Director at H.I.G. Growth
“H.I.G.’s collaborative approach proved immensely valuable throughout our partnership. Their support and insights allowed us to reach key milestones as we grew our team and expanded our product portfolio. We look forward to continuing our partnership with H.I.G. as we kick off our next phase of growth alongside new investors MarcyPen and Brand Velocity Group.”
Christian Johnston, Founder, President, and Chief Creative Officer of GLD
