Highlander Partners LP bought SFERRA Fine Linens LLC, a luxury linens and home lifestyle company, for an undisclosed sum.
Mark Blanchat, a partner at the Dallas-based middle-market private equity firm, is joining SFERRA as chairman. Michelle Klein, who will remain president and CEO of SFERRA, said the acquisition should help expedite her company's U.S. and international growth.
Highlander targets companies focused on basic manufacturing, food, chemicals, building materials and consumer products, among other sectors.
Lazard Middle Market was the financial adviser to SFERRA. Regions Bank and Fifth Third provided senior financing, while Norwest Mezzanine Partners provided mezzanine debt in support of the deal.