Sweetgreen is seeking to raise about $200 million, CNBC reported. Fidelity Investments is leading the round for the fast-casual food chain that focuses on salads, the story said.
1 min read · 29 October 2018
VF Corp said Oct. 29 that it closed its sale of the Reef brand to the Rockport Group, a Charlesbank Capital portfolio company. The deal was announced earlier this month.
2 min read · 29 October 2018
Permira has completed its buy of Cisco System’s video software unit. Financial terms weren’t announced. Called Synamedia, the company provides video services to customers spanning advisory, delivery, implementation, training, system integration and customer support.
2 min read · 29 October 2018
Valedo Partners and General Atlantic are considering taking Joe & the Juice public in the U.S. toward the end of 2019, Bloomberg is reporting. Joe & the Juice, of Cophenhagen, could command a $1.5 billion valuation, the story said.
1 min read · 29 October 2018
Wheel Pros, a Clearlake Capital portfolio company, said Oct. 29 that it acquired ReadyLIFT. Financial terms weren’t announced. ReadyLIFT designs, manufactures, and distributes suspension leveling products and lift kits for the truck, jeep, and sport utility vehicle markets.
3 min read · 29 October 2018
Epic Games said Oct. 26 that it raised $1.25 billion from KKR, ICONIQ Capital, Smash Ventures, aXiomatic, Vulcan Capital, Kleiner Perkins, and Lightspeed Venture Partners. Epic Games, of Cary, North Carolina, is the creator of Fortnite, Unreal, Gears of War, Shadow Complex, and the Infinity Blade series of games. Minority investors already include Tencent, Disney and Endeavor. Raine Group and Guggenheim Securities LLC provided financial advice to Epic Games. Smith Anderson is acting as legal adviser to Epic Games.
2 min read · 26 October 2018
3 min read · 26 October 2018
aXiomatic said Oct. 25 that Michael Jordan and Declaration Capital, the family office of David Rubenstein, have invested in the company. Financial terms weren’t announced although press reports pegged the round at $26 million. Curtis Polk, managing partner and alternate governor of Hornets Sports & Entertainment, is also investing. aXiomatic, of Los Angeles, is an esports and video game startup. George P. Stamas of Gibson, Dunn & Crutcher was aXiomatic’s counsel for the funding round.
3 min read · 26 October 2018
Council Capital said Oct. 26 that it invested in The Center for Neurological and Neurodevelopmental Health and The Clinical Research Center of New Jersey (collectively, “CNNH”). Financial terms weren’t announced. CNNH, of Voorhees, New Jersey, provides neurology-led medical assessment, testing, and treatment for children and adolescents with neurological, developmental, learning, and neuropsychological issues.
3 min read · 26 October 2018
Littlejohn & Co has put PlayPower Holdings Inc up for sale, Bloomberg reported. Littlejohn has hired an adviser; a sale could value the playground equipment maker at more than $800 million, the story said.
1 min read · 26 October 2018