Private Equity
Hain Celestial has closed its previously announced sale of chicken and turkey business Hain Pure Protein to Aterian Investment Partners for $80 million. Centerview Partners was financial adviser to Hain Celestial on the transaction.
2 min read · 01 July 2019
Alpine Investors has made an investment in Florida-based Best Home Services, a HVAC and plumbing service and repair business. No financial terms were disclosed.
3 min read · 01 July 2019
Angelo, Gordon & Co LP said July 1 that it completed the sale of Crunch Fitness to TPG Growth, the middle market platform of TPG. Financial terms weren’t announced. Crunch is a health and fitness company that owns, operates, and franchises fitness centers serving over 1.3 million members across the United States, Australia, Canada, and Spain.
4 min read · 01 July 2019
Ithaca Holdings LLC, backed by the Carlyle Group, is buying Big Machine Label Group. Financial terms weren’t announced. Carlyle is providing additional equity to support the deal and will remain a minority investor. Big Machine Label is a record label founded by Scott Borchetta.
5 min read · 01 July 2019
KJK Sports, which is backed by KJK Management SA, said July 1 that it agreed to buy Baltic Bicycle Trade UAB, the parent company of Baltik Vairas. Financial terms weren’t announced. Asgaard A/S and Litcapital I were the sellers. Bailtik Vairas, of Šiauliai, Lithuania, is a bike manufacturer.
2 min read · 01 July 2019
KPS Capital Partners has acquired Brunswick Corporation's fitness business and related brands, including Life Fitness. No financial terms were disclosed.
2 min read · 28 June 2019
Lego’s founding family and Blackstone Group LP agreed to buy Madame Tussauds owner Merlin in a $7.5 billion deal, Reuters reported. The transaction for Merlin Entertainment, which also operates Legoland theme parks around the world, values Merlin shares at 455 pence each, giving the firm an enterprise value for the company and its debt of 5.91 billion pounds, the story said.
1 min read · 28 June 2019
Chico's FAS Inc said June 27 that its board unanimously rejected the latest offer from Sycamore Partners. The PE firm on June 19 offered to buy all of Chico’s outstanding shares for $3 a share cash. Chico’s rebuffed Sycamore’s offer because it was too low and was not in the best interests of its shareholders. Chico’s is a women’s apparel retailer. In May, Sycamore offered to buy Chico’s for $3.50 a share but the retailer also rejected that proposal.
5 min read · 27 June 2019
Cox Enterprises Inc said June 26 that it agreed to sell its Cox Media Group's radio station portfolio as well as its CoxReps and Gamut national advertising businesseses to Apollo Global Management LLC. Financial terms weren’t announced. Cox Enterprises will have minority of the new company. Cox Media Group operates more than 60 radio stations across 11 markets, while CoxReps is a national television rep company for local broadcast television. Gamut offers digital advertising and OTT solutions to clients on a national scale.
5 min read · 27 June 2019
Manna Tree Partners said June 27 that it invested in Vital Farms. Vital Farms, of Austin, is a national brand of pasture-raised eggs and butter.
3 min read · 27 June 2019
