Luisa Beltran

OneMain to sell 7.5 mln shares in secondary

OneMain Holdings Inc said Dec. 13 that it is selling 7.5 million shares of common stock owned by Springleaf Financial Holdings LLC. Fortress Investment Group LLC owns Springleaf. OneMain will not receive any proceeds from the sale of shares.

TSG Consumer invests in Huda Beauty

TSG Consumer Partners has acquired a minority stake in Huda Beauty. Financial terms of the transaction were not disclosed. Huda Beauty is a beauty brand founded by Huda Kattan, a beauty blogger. Financo acted as financial advisor to Huda Beauty, while Gibson, Dunn & Crutcher LLP was legal advisor. Moelis & Co provided financial advice to TSG and Ropes & Gray LLP acted as legal advisor.

Horizon Global to buy Brink Group for $200 mln

Horizon Global Corp said Dec. 14 that it has agreed to buy Brink Group from H2 Equity Partners. The purchase price is 169 million euros ($200 million). Brink Group, of the Netherlands, makes towbars, wiring kits and towing accessories. Jefferies LLC advised Horizon Global, with Ernst & Young LLP providing due diligence and Eversheds LLP acting as legal advisor. Houlihan Lokey served as financial advisor to the Brink Group, with Deloitte Transaction Services and Roland Berger providing due diligence services. Houthoff acted as legal advisor to Brink.

Final bids for Hellman & Friedman’s Openlink due `imminently'

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Five Questions with Bain Capital Credit's Michael Ewald

Audax explored sale of minority stake: Wall Street Journal

Audax Group held talks to explore a sale of a stake in itself to other PE firms, the Wall Street Journal reported. The Boston PE firm considered selling a minority stake for a new source of money but decided not to proceed with a deal, the story said. Audax tapped Perella Weinberg Partners to advise on the deal, the WSJ said.

Align Capital buys Lewellyn Technology

Align Capital Partners has acquired a majority of Lewellyn Technology LLC. Evolution Capital Partners is the seller. Financial terms weren’t announced. Lewellyn, of Indianapolis, provides electrical safety training and inspection services for Fortune 1000 companies nationwide.

Abu Dhabi investment Authority buys minority of KKR India Financial Services

Abu Dhabi investment Authority for ADIA has acquired a minority stake in KKR India Financial Services. Financial terms weren’t announced. KKR India Financial Services provides financing solutions to corporations and mid-sized enterprises in India.

The Hartford sells Talcott Resolution to Cornell Capital-led group for $1.443 bln

Cornell Capital LLC is leading an investor group to buy Talcott Resolution from The Hartford for $1.443 billion. The consortium includes Atlas Merchant Capital LLC, TRB Advisors LP, Global Atlantic Financial Group, Pine Brook and J. Safra Group. The Hartford will receive a 9.7 percent stake, valued at $164 million, in the new company, along with $300 million in a pre-closing dividend. The Hartford will also retain Talcott Resolution tax benefits with an estimated GAAP book value of $950 million. Talcott Resolution is the Hartford’s run-off life and annuity businesses.