WD Lab Grown Diamonds (WD) has received an equity investment from Huron Capital Partners LLC.
Founded in 2008, WD is a disruptive, rapidly growing producer of large, ultra-high-quality laboratory grown diamonds for the jewelry, scientific and industrial markets. WD leverages patented and proprietary processes to grow diamonds with the same optical, chemical and physical properties as mined diamonds. The company’s exclusive technology and manufacturing capabilities place WD at the forefront of one of the fastest growing segments of the diamond industry. The company also offers new technologies and applications for diamonds in various other fields, including high pressure environments, and medical and scientific uses. It partners with diamond retailers, wholesalers, and manufacturers.
Huron Capital, a Detroit-based private equity firm with over US$1.8 billion of capital under management, expects to strategically accelerate WD’s future growth and further entrench WD’s position as the world’s preeminent producer of gem-quality laboratory grown diamonds.
This transaction provides resources and balance sheet flexibility to further accelerate WD’s impressive growth trajectory as well as a strategic partner for the company’s founding shareholders, who remain in day-to-day operational control.
One of Oaklins' teams in the USA served as the exclusive financial advisor to WD Lab Grown Diamonds in this transaction.
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