Luisa Beltran

H.I.G. WhiteHorse provided growth capital to Risparmio Casa

H.I.G. WhiteHorse, the credit unit of H.I.G. Capital, said April 29 that it provided growth capital to Risparmio Casa. Financial terms weren’t announced. Risparmio Casa is an Italian drugstore chain based in Pomezia, Italy.

Pharmaceutical Product Development to pay $1.35 bln dividend to sponsors: Bloomberg

Hellman & Friedman LLC and Carlyle Group LP are looking to take a $1.35 billion dividend out of Pharmaceutical Product Development LLC, Bloomberg is reporting. To fund the payment PPD is looking to sell a risky type of junk bond called PIK toggle that allows a borrower to delay interest payments, the story said.

Private equity bids for WPP's Kantar unit: Bloomberg

The auction of WPP Plc’s data and market research unit Kantar has drawn bidders including Bain Capital and Apollo Global Management, Bloomberg is reporting. CVC Capital Partners and Apax Partners have dropped out of the auction for Kantar, which could sell for as much as 3.5 billion pounds ($4.5 billion), the story said.

PE HUB Wire Highlights, 4.25.19

Another co-founder exits Antares; Altas, former Onex exec’s shop, raises more than $2 bln; Investing in the continuum care can be win-in

Suuchi raises $8 mln

Suuchi said April 25 that it raised $8 million in funding led by Edison Partners. Suuchi, of North Bergen, New Jersey , provides a supply chain platform provider for fashion brands and retailers.

Lariat Partners exits Jacent

Lariat Partners said April 25 that it sold Jacent to Gridiron Capital. Financial terms weren’t announced. Jacent, formed in 2016 by the merger of LaMi Products and ATA Retail Services, sources, warehouses, ships, and stocks more than 3,500 impulse items to more than 15,000 grocery stores across the US and Canada.

Warburg Pincus to exit PayScale with sale to Francisco Partners

Francisco Partners said April 25 that it acquired a majority of PayScale Inc in a deal valued at $325 million. Warburg Pincus, the seller, is exiting. PayScale, of Seattle, provides compensation data, analytics and software. Raymond James & Associates Inc provided financial advice to PayScale, while Willkie Farr & Gallagher LLP acted as legal adviser. Kirkland & Ellis LLP acted as legal adviser to Francisco Partners.

Shutterfly draws bids from Apollo, Cerberus: Bloomberg

Apollo Global Management LLC and Cerberus Capital Management are considering separate bids for Shutterfly Inc, Bloomberg reported. Shutterfly, which sells personalized frames and photo albums online, has hired an adviser to review strategic alternatives, the story said. News of the sale caused Shutterfly’s stock to rise 13 percent Wednesday.

Centerbridge weighs options for Great Wolf Resorts: Bloomberg

Centerbridge Partners is weighing strategic options, including a sale, for Great Wolf Resorts Inc, Bloomberg reported. Great Wolf, a water park operator, could fetch more than $3 billion in a sale, the story said.

Arsenal Capital Fund V LP raises $2.36 bln

Arsenal Capital Partners said April 25 that it closed its fifth fund on $2.36 billion. The firm’s last fund raised $1.3 billion. Arsenal, of New York, targets specialty industrials and healthcare platforms between $100 million and $500 million of enterprise value.