Jarden Corporation announced it has completed its acquisition of Yankee Candle Investments LLC, from a fund managed by Madison Dearborn Partners, LLC, a private equity firm, for approximately $1.75 billion in cash.

Martin E. Franklin, Jarden’s Founder and Executive Chairman, commented:

“We are pleased to have closed on our acquisition of Yankee Candle with the strong support of the equity and term loan financing markets. We are also pleased to close the Yankee Candle transaction early in the fourth quarter, as we had originally anticipated.”

James E. Lillie, Jarden’s Chief Executive Officer, added:

“Yankee Candle has compelling growth opportunities, both here and abroad, providing Jarden cross-platform growth potential as well as immediate financial benefits. Yankee Candle will enhance our overall margins, earnings, and cash flow profile and is expected to provide approximately 10% accretion to our adjusted earnings per share, pre synergies.”

Jarden would have had net sales and adjusted EBITDA of approximately $7.7 billion and $1.0 billion, respectively, for the twelve months ended June 30, 2013. Jarden also closed today on its incremental $750 million senior secured term loan B-1 facility, which matures in 2020. Jarden funded the transaction with the proceeds from its recently completed common stock offering, proceeds from the aforementioned term loan, and cash on hand.

Barclays Bank PLC acted as Administrative Agent and Sole Lead Arranger on the $750 million senior secured term loan B-1 facility.