I've been a business reporter for a while. I've covered Wall Street, venture capital and now private equity. I'm always looking for a scoop or something to talk about. I'm the eternal optimist and am still waiting for the Chicago Cubs to win the World Series. Yes, I believe.
Hormel Foods Corp. said Monday that it has closed its buy of Applegate Farms LLC, which owns the Applegate brand. Swander Pace Capital is the seller. The deal, announced in May, is valued at $775 million.
2 min read · 13 July 2015
Linsalata Capital Partners said Monday that it has closed the sale of Spartan Foods of America Inc., which does business as Mama Mary’s, to B&G Foods for about $50 million. Financial terms weren’t announced. Spartanburg, South Carolina-based Spartan makes branded pizza crusts sold primarily through grocery and retail channels. Duff & Phelps advised Linsalata.
4 min read · 13 July 2015
Apax Partners has agreed to buy RFS Holland Holding B.V. Financial terms weren’t announced. RFS Holland is the parent company of online retailers Wehkamp, Fonq.nl and Create2fit, as well as consumer finance services provider Lacent. Stella Advisors, along with Cofay, provided financial advice to Apax.
2 min read · 13 July 2015
Jarden Corp. said Monday it has agreed to buy the Waddington Group Inc. for about $1.35 billion. Olympus Partners is the seller. Covington, Kentucky-based Waddington makes and markets disposable tableware for commercial, foodservice and retail markets.
6 min read · 13 July 2015
Praesidian Capital Europe said Monday it provided a 8.5 million Euro (US$9.4 million) loan to Medical Laboratory Bremerhaven. Medical Laboratory, of Bremerhaven, Germany, provides diagnostic services for medical laboratory testing.
2 min read · 13 July 2015
Providence Equity Partners LLC said Monday it closed its first growth equity fund with $315 million in commitments. Providence Strategic Growth Capital L.P. was oversubscribed, exceeded its target of $250 million, and hit its hard cap. PSG will seek investments in lower middle market technology-enabled service companies primarily in North America.
2 min read · 13 July 2015
Partners Group said Monday it has agreed to buy a 25 percent stake in TOUS. Financial terms weren’t announced. TOUS is a jewelry and accessories brand that was founded in Barcelona in 1920.
3 min read · 13 July 2015
The former team of Plymouth Exploration LLC has formed Triumph Energy Partners LLC with a $100 million equity commitment from Kayne Anderson Energy Funds and members of management. Tulsa, Oklahoma-based Triumph, a private exploration and production company, will acquire and develop oil and natural gas assets in the Mid-Continent region.
3 min read · 13 July 2015
ABRA Auto Body & Glass, a portfolio company of Hellman & Friedman LLC, has closed its buy 23 Kadel’s Auto Body locations in Idaho, Oregon and Washington. Financial terms weren’t announced. The deal was announced in June. Nomura arranged financing for the transaction. Harris Williams & Co. advised Kadel’s.
4 min read · 13 July 2015
Onex Corp. said Friday that it has agreed to sell Sitel Worldwide Corp. Onex said it expects to receive about $55 million in proceeds, which includes an earn-out. The buyer is Groupe Acticall of France. Nashville-based Sitel Worldwide is a customer care provider.
2 min read · 13 July 2015
