McGladrey Capital Markets leads negotiations as Mitchell Imports acquires Aldik

Costa Mesa, Calif. – November 14, 2008 – The Mitchell Import Company, d/b/a TJ Collection, has acquired Aldik Inc., a leader in distinctive, high-quality merchandise servicing the floral and home decor industries for more than four decades. Transaction terms were not disclosed.

McGladrey Capital Markets LLC acted as the lead financial advisor to Aldik’s former owner, Encore Consumer Capital, a San Francisco-based private equity firm. Latham & Watkins LLP acted as the legal advisor to Encore, and Bryan Cave LLP provided legal counsel to Mitchell Imports.

"The sale of Aldik enabled our client, Encore Consumer Capital, to selectively maximize its portfolio holdings and reposition capital for future investment opportunities," said Charlene Davidson, Senior Managing Director of McGladrey Capital Markets. "Furthermore, Aldik will benefit from an experienced and strategic partner in Mitchell Imports, enabling additional growth and continued market leadership opportunities. This divestiture was an optimal transaction for all parties."