Lillian Vernon Catalog Company Sold

Ripplewood Holdings, which will own a majority share in the catalog, manages about $4 billion of committed capital through four institutional private equity funds, focusing primarily on investments in the United States and Japan, according to published reports.

Ripplewood’s partner, Zelnick-Media, owns and manages an array of U.S.- and Asia-based media enterprises in recorded music, magazine publishing, CD manufacturing, online games and media-related software. ZelnickMedia was founded two years ago by Strauss Zelnick, whose resumé includes stints as president and CEO of BMG Entertainment, and president and COO of 20th Century Fox.