Consumer goods

TCG takes majority stake in kitchen and home brand Food52

TCG Capital Management has acquired a majority stake in New York City-based Food52, a kitchen and home brand. The investment was for $83 million. GCA Advisors LLC was financial adviser on this transaction. Lowenstein Sandler provided legal advice to Food52 while Gibson Dunn represented TCG.

Arbor recaps The Bakery Cos

Arbor Investments has recapitalized Nashville-based The Bakery Companies, a maker of fresh and frozen breads, baked goods and dough products for leading food service, food manufacturing and retail customers. No financial terms were disclosed.

Ursa Major raises $5 mln

Fenwick Brands led a $5 million growth financing round for Ursa Major. Also investing were Finn Capital Partners and several family offices active in the personal care market. Ursa Major is a skincare brand.

Trilantic-backed Taymax Group buys Southfit

Taymax Group Holdings LP, a portfolio company of Trilantic North America, has acquired Southfit Holdings LLC, PF Jax Three LLC and PF Jax Four LLC. Financial terms weren’t announced. Southfit operates 14 Planet Fitness locations in the Jacksonville, Florida and southeastern Georgia regions. MFA Cos advises Southfit in the sale.

Palm Beach Capital invests in J. Polep Distribution

Palm Beach Capital has invested in Consumer Products Distributors LLC, which does business as J. Polep Distribution Services, and Rachael’s Food LLC. Financial terms weren’t announced. J. Polep, a distributor to the convenience and grocery store industry, provides candy, snack items, fresh, frozen and refrigerated foods, cigarettes and cigars, as well as coffee products to more than 6,000 customers located throughout the Northern United States.

Forever 21 files Chapter 11

Forever 21 Inc said Sept. 29 that it filed for chapter 11 bankruptcy protection in the U.S. Forever 21 said its Canadian subsidiary was granted protection under the Companies’ Creditors Arrangement Act by the Ontario Superior Court of Justice (Commercial List) in Toronto. Forever 21 has obtained $275 million in financing from JPMorgan Chase Bank NA, as well as $75 million in new capital from TPG Sixth Street Partners. Forever 21, of Los Angeles, is a women’s fashion retailer.

Naxicap to acquire Siblu from Stirling Square

Naxicap Partners is acquiring Siblu Villages from Stirling Square Capital Partners. No financial terms were disclosed. Harris Williams is advising Stirling Square on the pending sale. Siblu is a holiday park operator in France.

Inspire Brands to buy Jimmy John's

Inspire Brands, which owns Arby’s, Buffalo Wild Wings, and SONIC Drive-In, said Sept. 25 that it agreed to buy Jimmy John’s Sandwiches. Financial terms weren’t announced. Both Jimmy John's and Inspire Brands are backed by Roark Capital Group.

Bertram invests in Solo Stove

Bertram Capital has made an investment in Dallas-based Solo Stove, a provider of portable, low-smoke fire pits and camping stoves. No financial terms were disclosed.

L Catterton to acquire Del Frisco's for about $650 mln

L Catterton has agreed to acquire Del Frisco’s Restaurant Group for about $650 million. In conjunction with the deal, L Catterton has agreed to sell Del Frisco’s Double Eagle Steakhouse and Del Frisco’s Grille assets to Landry’s Inc for an undisclosed sum. On the closing of the deal, Del Frisco's stock will stop trading on the NASDAQ.