Private Equity
LNK said July 24 that it has exited Dogfish Head Brewery after selling the company to Boston Beer Co. The deal was announced in May. Dogfish’s portfolio of brands include 60 Minute IPA, 90 Minute IPA, Sea Quench Ale and Slightly Mighty. Boston Beer acquired Dogfish for $300 million, according to press reports.
2 min read · 24 July 2019
KKR is near a deal to buy Australian biscuit maker Arnott's for upwards of $3 billion, the Sydney Morning Herald is reporting. Arnott’s makes several popular Australian snacks, including Tim Tams, Iced Vovos, Shapes and Wagon Wheels, the story said.
1 min read · 24 July 2019
KKR is buying Campbell Soup’s international business for $2.2 billion, the Australian Financial Review reported. The deal includes biscuit brand Tim-Tams; KKR beat Pacific Equity Partners for the Campbell’s business, the story said.
1 min read · 24 July 2019
Ares Management Group has made an investment in Cooper’s Hawk Winery & Restaurants, a restaurant chain. No financial terms were disclosed. North Point Advisors served as financial adviser to Cooper’s Hawk while BofA Merrill Lynch did likewise for Ares.
4 min read · 23 July 2019
KKR and Arta Capital has agreed to make an investment in Alvic Group. No financial terms were disclosed. Alvic is a Spanish panel and componentry manufacturer for kitchen and office furniture.
4 min read · 23 July 2019
L Catterton has sold its stake in Punch Bowl Social to Cracker Barrel Old Country Store. No financial terms were disclosed. Punch Bowl is a food and beverage brand.
3 min read · 23 July 2019
Innova Capital has agreed to acquire Optiplaza, a Romanian provider of eyewear. No financial terms were disclosed.
2 min read · 23 July 2019
Yellow Wood Partners has agreed to buy the Dr. Scholl's brand from Bayer. The purchase price is $585 million. Citi and Sawaya Partners provided financial advice to Bayer on the deal.
3 min read · 22 July 2019
Nuvest Ventures has acquired the assets of Lucky Tackle Box, a monthly subscription box in fishing. No financial terms were disclosed.
3 min read · 22 July 2019
Ray Kelvin, founder of Ted Baker, would support a private equity buyout of the retailer, the Sunday Times reported. Kelvin is the former CEO of Ted Baker and owns about a third of the company, the story said.
1 min read · 22 July 2019
