Private Equity
Main Post Partners has made an investment in SUGARED + BRONZED, a provider of hair removal and sunless tanning services. No financial terms were disclosed. Piper Jaffray & Co served as financial adviser to SUGARED + BRONZED on the transaction.
4 min read · 11 November 2019
Canadian retailer Hudson’s Bay Co has closed its previously announced sale of department store chain Lord + Taylor to Le Tote Inc, a San Francisco-based fashion rental subscription service. The purchase price was C$99.5 million (US$75 million). As part of the deal, Le Tote has acquired the Lord + Taylor brand and related intellectual property as well as the operations of 38 stores, Lord + Taylor digital channels and the associated inventory. Le Tote's backers include Andreessen Horowitz, Azure Capital Partners, GV, Lerer Hippeau Ventures, Sway Ventures and Y Combinator.
2 min read · 08 November 2019
Los Angeles-based private equity firm Butterfly has agreed to acquire a majority stake in Irvine, California-based Orgain, a producer of organic and clean nutrition products. No financial terms were disclosed. Ontario Teachers’ Pension Plan, a limited partner of Butterfly, will also be a new minority investor in Orgain. Kirkland & Ellis LLP and The Giannuzzi Group LLP provided legal advice to Butterfly and Orgain, respectively. And, Piper Jaffray served as financial adviser to Orgain.
4 min read · 08 November 2019
TPG's Rise Fund has acquired a 34 percent stake in Uganda-based dairy processor Pearl Dairy Farms Ltd, reported Bloomberg. No financial terms were disclosed.
1 min read · 07 November 2019
Shiseido Co Ltd said Nov. 7 that it completed its buy of Drunk Elephant, a prestige skincare brand. Financial terms weren’t announced. The sale was announced in October. Press reports pegged the deal at $845 million.
2 min read · 07 November 2019
Investcorp is partnering with China Resources and Fung Investments to launch a platform that will invest in food brands in Asia, specifically China, Singapore and greater Southeast Asia. Investcorp, China Resources and Fung have committed $300 million to the platform, which aims to raise $500 million.
3 min read · 07 November 2019
Stephen Schwarzman, Blackstone CEO, said taking Walgreens Boots Alliance private would be a “stretch” right now as investors have become more discriminating, Bloomberg reported. “You need at least $20 billion of equity. Could you find that in today’s world? Maybe,” the story said, which quoted Schwarzman’s comments during a Reuters Newsmakers event. The Blackstone co-founder said mega-deals are “straining the system,” according to the story.
1 min read · 07 November 2019
Walgreens Boots Alliance Inc is weighing going private following interest from private equity, Reuters reported. Walgreens has hired Evercore to explore whether a deal can be put together, the story said. KKR recently held informal talks to take Walgreens Boots private, Bloomberg said. Such a deal could be the biggest leverage buyout in history; Walgreens Boots has a market value of about $55 billion and $16.8 billion of debt, Bloomberg said.
1 min read · 06 November 2019
Shorepoint Capital Partners has acquired Dartmouth, Massachusetts-based Mirasol's Cafe, a Latin inspired café serving coffee, soups, sandwiches and freshly baked goods. No financial terms were disclosed. Generational Equity advised Mirasol's Cafe on the transaction.
2 min read · 05 November 2019
Stouse, which is backed by Goldner Hawn, has acquired Kansas-based Magna Plus, a wholesale provider of custom printed labels, magnets, and other promotional products. No financial terms were disclosed.
2 min read · 05 November 2019
