Balmoral Funds, a Los Angeles-based private equity fund, announced today it has acquired Enesco LLC, a global leader in gift, plush toy and home-and-garden décor industries.

Enesco designs, develops and distributes products to specialty card and gift retailers, home décor boutiques, national retail chains and direct-to-consumer retailers. Christian retailers are familiar with many Enesco products, including Precious Moments figurines and Gregg Gift Bible covers.

Jonathan Victor, senior managing director at Balmoral, welcomed Enesco.

“We are excited to welcome Enesco to the Balmoral Fund family of consumer product companies,” Victor said. “The company’s portfolio includes highly recognized company-owned brands such as Gund, Department 56, Our Name is Mud and Gregg Gift, as well as iconic licensed brands like Jim Shore, Disney, Britto and Peanuts.”

Balmoral Funds also announced today that Todd Mavis, an operating advisor for Balmoral, will become the CEO, effective immediately. Mavis specializes in growth opportunities and most recently was CEO of Katun Corporation and First Advantage Corporation.

“There are many reasons to be excited about joining the company: great brands, global reach and an experienced management team,” Mavis said. “I am looking forward to working closely with our licensors, retailers and suppliers to meet the needs of our consumer customers.”

Outgoing CEO Tom Bowles will be retiring after successfully leading the business for the last five years. Bowles will continue working with the company in a consulting capacity to help ensure a smooth transition of leadership.

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