A predecessor of Macanta led a $15 million injection of capital into Enesco LLC (www.enesco.com) in 2011.
Enesco is a global leader in the giftware and home and garden décor industries. Terry’s investment and the accompanying recapitalization of the company’s balance sheet allowed a new management team the operating flexibility to implement a significant turnaround in the business.
Terry assessed the risk/return of the capital infusion and believed the investment merits were attractive. The investment was successfully exited when Enesco was sold in 2015.