Balmoral Funds LLC (“Balmoral”) announced today the sale of Enesco, LLC (“Enesco” or the “Company”) to Ad Populum, LLC (“Ad Populum”). Financial terms of the transaction were not disclosed.

For 60+ years, Enesco has been a leader in the gift, home accent and collectible markets. Based in Itasca, IL, the Company sells a stable of iconic owned, artist and licensed brands such as Department 56, Our Name Is Mud, Izzy & Oliver, Disney, Lolita, DC and Jim Shore. With a dedicated presence in North America, UK, France, Asia and channel partners in Australia and New Zealand, Enesco has demonstrated success managing an international, multi-channel distribution platform with a wide variety of wholesale and e-commerce partners.

“This sale further strengthens the future for Enesco, our artist partners, our thousands of independent retailers, and our valued end consumers. The winning combination of Enesco’s world class brands coupled with Ad Populum’s brands, intellectual property, and growth assets lay the foundation for another 50+ years where Enesco remains the Company for “bringing joy every day,” said Todd Mavis, former Chief Executive Officer of Enesco.

“Enesco is led by an experienced and high integrity management team that will continue to design and sell quality cherished products to its loyal base of customers,” said Jonathan Victor, Managing Partner at Balmoral.

About Enesco LLC

Founded in 1958 and headquartered in Itasca, IL, Enesco is a leading designer and wholesaler of gifts, home accents and collectibles under a variety of owned, artist and licensed brands. Customers include large department store chains, mass market channels, online third-party e-tailers, end-consumers, home décor boutiques, and specialty card and gift retailers in over 50 countries. Working with its own sales teams and global distributors, Enesco serves markets in the United States, Europe, Asia, the Americas, and Australia.

For more information please visit: www.enesco.com.

About Balmoral Funds

Balmoral is a Los Angeles, CA based private equity fund, founded in 2005, with approximately $1.5 billion of assets under management. Balmoral partners with talented, aligned and committed management teams to invest in and revitalize companies. Balmoral typically invests in companies that have revenues between $30 to $800 million and require equity investments of $10 to $100 million.

For more information please visit: www.balmoralfunds.com.

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