Private Equity
Coty Inc said Oct. 21 that as a result of a strategic review it will focus more intently on its fragrance, cosmetics and skin care businesses. Coty said it is launching a process to explore strategic alternatives for its Professional Beauty business and associated nail and hair brands, including Wella and Clairol, as well as the company’s Brazilian operations, including a divestiture. Credit Suisse is advising on the process. JAB Holdings is Coty’s largest shareholder.
10 min read · 22 October 2019
Centre Partners has made an investment in St. Paul, Minnesota-based Wisconsin Cheese Group Holding LLC, a manufacturer of branded and private label Hispanic foods. No financial terms were disclosed. Dechert LLP provided legal counsel to Centre Partners on the deal.
3 min read · 21 October 2019
Canadian retailer Hudson's Bay has agreed to be taken private by a group of shareholders led by Executive Chairman Richard Baker, reported Reuters. The group offered C$10.30 per share in cash for the 43 percent of shares it does not own in Hudson's Bay. According to a previous PE HUB report on this transaction, the investors group also includes Rhône Capital and WeWork Property Advisors.
1 min read · 21 October 2019
One Rock Capital Partners LLC has agreed to buy Innophos Holdings Inc for $32 a share or about $932 million, including debt. Innophos produces ingredients for the food, health, nutrition and industrial markets.
8 min read · 21 October 2019
GHK Capital Partners has acquired Minnesota-based Dura Supreme Cabinetry, a maker of semi-custom and custom, framed and frameless cabinetry for a nationwide network of dealers. No financial terms were disclosed.
3 min read · 17 October 2019
Brentwood Associates has agreed to sell The Marshall Retail Group LLC to WH Smith. No financial terms were disclosed. MRG is a specialty retailer in the airport and resort marketplace.
3 min read · 17 October 2019
HCAP Partners has made an investment in Scottsdale, Arizona-based DYPER, a bamboo diaper subscription service. No financial terms were disclosed.
3 min read · 15 October 2019
PFM Capital Inc has exited its stake in the Regina, Saskatchewan-based Factory Optical group of designer eyewear companies. No financial terms were disclosed. The exit is the result of a sale of the business to an unnamed buyer.
2 min read · 15 October 2019
KIND Healthy Snacks said Oct. 15 that it acquired Creative Snacks Co. Financial terms weren’t announced. Creative Snacks makes cluster-style snacks and trail mixes. Mars acquired a minority of KIND in 2017.
3 min read · 15 October 2019
VMG Partners has acquired snack brand Popchips. No financial terms were disclosed. The acquisition is the first of VMG's new branded snacking platform Velocity Snack Brands. The platform will acquire, incubate and grow a portfolio of snack brands.
6 min read · 10 October 2019
