Private Equity
Brightstar Capital Partners has agreed to acquire Ogden, Utah-based Capstone Nutrition, a developer and manufacturer of high-quality nutrition products. No financial terms were disclosed.
2 min read · 03 September 2019
Montreal-based Otimo Retail, a private investment firm focused on retail technology, has acquired XCCommerce, a provider of omnichannel promotion and coupon solutions for top-tier retailers. No financial terms were disclosed. Desjardins Capital, a fund manager in Quebec, provided funding and support to Otimo Retail on the transaction. XCCommerce is headquartered in Montreal.
2 min read · 03 September 2019
Fengate Asset Management has agreed to invest C$40 million in Toronto-based theScore, a sports news and data app. The capital will be used to grow and develop theScore's media and sports betting businesses. Redbird Sports Group acted as financial adviser to theScore while PJT Partners did likewise for Fengate. McCarthy Tétrault LLP and Duane Morris LLP provided legal advice to theScore, and Torys LLP acted as legal adviser to Fengate. Based in Toronto, Fengate is an alternative investment manager focused on infrastructure, private equity and real estate strategies.
6 min read · 03 September 2019
Garden Bar, a portfolio company of Elevate Capital, is merging with Evergreens. Financial terms weren’t announced. Garden Bar, of Portland, makes and sells salads.
3 min read · 03 September 2019
TPG is in talks to buy Coffee Day Global Ltd, owner of chain Cafe Coffee Day, the Economic Times reported. Coffee Day Enterprises Ltd owns nearly 89.6 percent of Coffee Day Global, which houses a chain of about 1,750 stores across India, nearly 600 Value Express kiosks and 60,000 vending machines that dispense coffee in corporate workplaces and hotels under the brand, the story said.
1 min read · 30 August 2019
Hudson's Bay is selling department store Lord + Taylor to Le Tote Inc, a San Francisco-based retail service company, for about $100 million, reported Reuters. Hudson's Bay, a Canadian retailer that also owns luxury department store Saks Fifth Avenue, will get $74.95 million in cash upon the deal's closing and about $25 million in two years. Le Tote's backers include Sway Ventures, Azure Capital Partners, FundersClub and Lerer Hippeau, according to Crunchbase.
1 min read · 28 August 2019
Bravo Sports, a portfolio company of Transom Capital Group, has acquired Dwindle Distribution. The seller was Globe International. No financial terms were disclosed. D.A. Davidson served as financial adviser to Globe International on the deal. Dwindle is a skateboard designer, manufacturer and distributor that owns iconic brands such as Almost, Blind, Darkstar, Dusters, Enjoi, Speed Demons, Superior and Tensor Truck.
2 min read · 28 August 2019
Keystone Capital Inc has made an investment in Miami-based Hometown Foods USA, a maker of bagels and cake products. No financial terms were disclosed.
2 min read · 27 August 2019
Altria Group Inc confirmed Aug. 27 that it is in discussions with Philip Morris International Inc regarding an all-stock merger of equals. Philip Morris is a cigarette and tobacco manufacturing company with a $114.67 billion market cap. Altria produces and markets tobacco, cigarettes and related products; it has a $95.5 billion market cap. Philip Morris International was part of Altria Group until 2008 when it was spun out.
3 min read · 27 August 2019
Lion Capital is putting sports nutrition company Grenade up for sale later this year, The Daily Telegraph reported. Lion Capital acquired Grenade two years ago when the company was valued at 72 million pounds ($88.2 million), the story said.
1 min read · 27 August 2019
