J.W. Childs Associates LP said Sept. 27 that it acquired Walker Edison. Financial terms weren’t announced. Sellers include founders Brad Bonham and Matt Davis and Caltius Structured Capital. Walker Edison supplies affordable home furnishings to e-commerce platforms.
2 min read · 27 September 2018
Alvarez & Marsal said Sept. 25 that Michael Balistreri has joined the firm as a managing director in its corporate finance practice in New York. Balistreri was most recently a managing director in the investment banking division at Canaccord Genuity.
3 min read · 26 September 2018
Inspire Brands Inc said Sept. 25 that it agreed to buy Sonic Corp for $43.50 a share or about $2.3 billion, including debt. Sonic owns more than 3,600 drive-ins. Inspire, which is majority owned by Roark Capital, has a portfolio that includes more than 4,700 Arby’s, Buffalo Wild Wings, and Rusty Taco locations. Guggenheim Securities LLC served as financial adviser to Sonic, while Shearman & Sterling LLP is serving legal counsel. White & Case LLP is legal counsel to Inspire.
7 min read · 26 September 2018
Monogram Capital Partners has made its third investment in Country Archer Jerky Co, providing $10 million to the company. Country Archer, of San Bernardino, California, produces gourmet jerky, meat sticks and meat bars.
4 min read · 26 September 2018
KKR said Sept. 26 that it has launched SinoCare Group, a hospital investment and management platform company in China. At the same time, SinoCare has acquired a majority of HeTian Hospital Management Co. Financial terms weren't announced. HeTian is a Chinese hospital management company.
4 min read · 26 September 2018
Minoryx Therapeutics said Sept. 26 that it raised 21.3 million euros ($25 million) in a Series B round led by Fund+. Also participating were SFPI, S.R.I.W. and Sambrinvest, in addition to all Series A investors (Ysios Capital, Kurma Partners, Roche Venture Fund, Idinvest Partners, Chiesi Ventures, Caixa Capital Risc and HealthEquity). Minoryx is developing drugs for orphan disease.
6 min read · 26 September 2018
Suitors including Blackstone Group and Carlyle Group are interested in Nielsen Holdings Plc, which is considering a sale, Bloomberg reported. The two PE firms may make an offer for Nielsen, which has hired JP Morgan Chase and Guggenheim Partners to evaluate a sale or breakup of the company, the story said.
1 min read · 26 September 2018
Carlyle Group is looking to sell Athena Art Finance Corp, Bloomberg said. Carlyle founded the boutique lender, a brainchild of Olivier Sarkozy, in 2015 with $280 million in capital and the PE unit of Pictet, the story said.
1 min read · 26 September 2018
Carlyle Group and BC Partners are looking to sell Accudyne Industries, the Financial Times reported. The PE firms, which acquired the former Hamilton Sundstrand Industrial in 2012 for $3.5 billion, have hired Morgan Stanley to run the process, the story said.
1 min read · 26 September 2018
2 min read · 25 September 2018