Private Equity
A consortium comprised of Hudson Bay shareholders has made an offer to take the retailer private, the Wall Street Journal reported. The group includes Chairman Richard Baker, Rhône Capital LLC, WeWork Property Advisors and other shareholders that together control 57 percent of Hudson Bay shares outstanding, the story said. The deal values Hudson Bay at 9.45 Canadian dollars ($7.12) a share.
1 min read · 11 June 2019
Wise Equity said June 11 that it has agreed to invest in Waycap. Financial terms weren’t announced. Waycap designs and makes fashion accessories such as hats, bags & bag components, scarfs and gloves.
2 min read · 11 June 2019
Apollo Global Management has agreed to buy Shutterfly Inc for $51 a share or $2.7 billion. Ryan O’Hara was named president and CEO of Shutterfly effective June 24. Shutterfly is an online retailer.
8 min read · 11 June 2019
Canadian mid-market private equity firm Clearspring Capital Partners has acquired a majority interest in Voyages Traditours, a Laval, Québec-based tour operator of curated cultural circuits. Terms weren’t disclosed for the deal, which saw Clearspring acquire a majority of the shares owned by Entrepreneur Capital, a Canadian private equity firm. Entrepreneur, which invested in 2014, will retain a stake, as will CEO Sébastien Forest and Founder Jacques Rodier. Established in 1999, Voyages Traditours designs Francophone-focused travel itineraries in more than 70 countries on five continents.
3 min read · 10 June 2019
Secaucus, New Jersey-based MidOcean Partners has exited its investment in Freshpet, a maker of fresh, refrigerated foods for dogs and cats. No financial terms were disclosed.
2 min read · 10 June 2019
Twin Falls, Idaho-based BBRC Private Equity has made an investment in Plant Therapy, a provider of essential oils and accessories. No financial terms were disclosed. Focal Point, Glaser Weil and Green Hasson & Janks advised Plant Therapy on the transaction while Seward & Kissel and CohnReznick did likewise for BBRC Private Equity.
3 min read · 10 June 2019
Elliot Management is buying Barnes & Noble Inc in a deal valued at $475 million, according to regulatory filings. Including debt, the transaction is valued at $683 million, the Wall Street Journal reported. Once the deal closes, Elliot will own both Barnes & Noble and U.K. book chain Waterstones, the WSJ said.
1 min read · 10 June 2019
Travelstart, which is backed by Amadeus Capital Partners and HarbourVest, is buying the Club Travel Group. Financial terms weren’t announced. Thebe Tourism Holdings is selling. Club Travel, of Capetown, is a travel agency with over 400 branded and non-branded franchises and a corporate travel division. Thebe and Travelstart will jointly invest in and own Club Travel Corporate, a level one B-BBEE rated division of Club Travel Group.
4 min read · 10 June 2019
Hillhouse Capital Management said June 6 that it is buying Loch Lomond Group from Exponent Private Equity. Financial terms weren’t announced. Loch Lomond, of Scotland, is a whisky producer.
5 min read · 06 June 2019
Hallmark Business Connections, the business-to-business subsidiary of Hallmark Cards Inc, said June 5 that it sold its incentives business to InComm Inc. Financial terms weren’t announced. Warburg Pincus acquired InComm in 2012, PitchBook said.
2 min read · 06 June 2019
