Private Equity
Tower Arch Capital has recapitalized Utah-based SnugZ USA LLC, a promotional products manufacturer. No financial terms were disclosed.
2 min read · 10 October 2019
TCG Capital Management has invested $30 million in Exploding Kittens. Based in Los Angeles, Exploding Kittens is a tabletop game company.
3 min read · 10 October 2019
AURELIUS Equity Opportunities SE & Co. KGaA said Oct. 10 that it agreed to sell Scandinavian Cosmetics Group to Accent Equity. Financial terms weren’t announced. Scandinavian Cosmetics is a Nordic distributor of cosmetics.
3 min read · 10 October 2019
JackRabbit said Oct. 9 that it acquired certain assets and liabilities, including the online presence and brand, of Olympia Sports. Financial terms weren’t announced. Olympia, of Portland, Maine, operates its brick and mortar stores primarily in the Northeast U.S. while also serving online customers via its e-commerce site Olympiasports.net. JackRabbit is a portfolio company of CriticalPoint Capital.
3 min read · 09 October 2019
Shiseido Co Ltd said Oct. 8 that it agreed to buy Drunk Elephant. Financial terms weren’t announced but press reports peg the deal at $845 million. Drunk Elephant is a skin care brand. VMG Partners and Leandra Medine invested $8.3 million in Drunk Elephant in 2017, PitchBook said. Jefferies provided financial advice to Shiseido.
4 min read · 09 October 2019
Hometown Food Company, a portfolio company of Brynwood Partners, has acquired the Arrowhead Mills and SunSpire brands from The Hain Celestial Group Inc. The purchase price was $15 million. Arrowhead Mills is a maker of products in the baking and breakfast categories while SunSpire is a chocolate producer.
3 min read · 08 October 2019
Paine Schwartz Partners has made a 30 percent investment into SNFL, a table grape operating company. No financial terms were disclosed. AM FRESH Group, a company focused on fresh food, will continue to retain a majority ownership stake in SNFL. Merrill Lynch's banking team was the financial adviser to AM Fresh on the transaction.
3 min read · 07 October 2019
Vestar Capital Partners said Oct. 7 that it agreed to buy a minority of Simple Mills. Financial terms weren’t announced. Simple Mills, of Chicago, offers more than 30 baking mixes, crackers, cookies, bars and frostings that are free of gluten, grain, dairy, soy, GMOs, excessive sugar, gums, emulsifiers, and anything artificial.
3 min read · 07 October 2019
Partners Group said Oct. 7 that it agreed to sell Vermaat Groep BV to Bridgepoint. Financial terms weren’t announced. Vermaat is a hospitality company with roughly 350 food and beverage outlets across the Netherlands, including restaurants, bistros, cafés and canteens, and a growing presence in Germany.
3 min read · 07 October 2019
Partners Group said Oct. 7 that it agreed to sell Vermaat Groep BV to Bridgepoint. Financial terms weren’t announced. Vermaat is a hospitality company with roughly 350 food and beverage outlets across the Netherlands, including restaurants, bistros, cafés and canteens, and a growing presence in Germany.
3 min read · 07 October 2019
