Private Equity
Edgewell Personal Care Co said May 9 that it agreed to buy Harry’s Inc in a deal that values Harry’s at $1.37 billion. Edgewell is paying 79 percent of the deal in cash, while 21 percent will be paid in common stock. Once the deal closes Harry's shareholders will own about 11 percent of Edgewell. Harry’s, of New York, is personal care and grooming company known for its shaving products. Harry’s has raised $461.03 million in funding from investors including Alliance Consumer Growth, Temasek Holdings, Tiger Global Management and Wellington Management, PitchBook said.
10 min read · 09 May 2019
Omnes said May 9 that it closed its buy of Camerus Group, which it first invested in in 2013. Financial terms weren’t announced. With the refinance, Camerus, a French furniture rental company for trade fairs, conferences and professional events, has bought Lign’Expo.
3 min read · 09 May 2019
KJK has acquired Elan, a Slovenian sporting goods company. No financial terms were disclosed.
2 min read · 07 May 2019
KPS Capital Partners has agreed to acquire Brunswick Corporation's fitness business for about $490 million in cash. Included in the transaction is the Life Fitness brand, a provider of commercial fitness equipment and game tables. The deal is expected to close in the second quarter of 2019. Paul, Weiss, Rifkind, Wharton & Garrison LLP provided legal counsel to KPS on the transaction.
3 min read · 06 May 2019
Artisan Design Group, which is backed by The Sterling Group, has acquired two Lake Forest, California-based companies: Vintage Design LLC and Nu Wood Design. No financial terms were disclosed. Vintage Design is a provider of design and installation services for flooring products while Nu Wood is a manufacturer and installer of cabinetry that primarily serves Vintage Design's single-family home builder customers.
2 min read · 03 May 2019
TreeHouse Foods Inc said May 2 that it agreed to sell its ready-to-eat cereal business to Post Holdings. Financial terms weren’t announced. The RTE cereal business, of St. Louis, produced about $260 million in sales in 2018.
5 min read · 02 May 2019
AUA Private Equity has made an investment in Gourmet Culinary, a holding company focused on acquiring stakes in specialty food manufacturers in the U.S. No financial terms were disclosed.
4 min read · 01 May 2019
Arbor Investments has recapitalized Jacksonville, Florida-based Darifair Foods Inc, a provider of dairy products. No financial terms were disclosed. Darifair CEO Andrew Block will continue to lead the company.
2 min read · 01 May 2019
McGraw-Hill and Cengage said May 1 that they agreed to combine in an all-stock merger. The deal will create the second-largest provider of college textbooks and other higher-education materials in the country, the Wall Street Journal said. Cengage Learning Holdings II was known as Thomson Learning before it was sold to a group of PE firms, including Apax Partners LLP, in 2007, the WSJ said. Apollo Global Management acquired McGraw-Hill Education Inc in 2013 for $2.4 billion.
7 min read · 01 May 2019
Firmenich has agreed to acquire a majority stake in India-based VKL Seasoning Pvt Ltd, a spice company. The seller is True North. No financial terms were disclosed.
4 min read · 30 April 2019
