Private Equity
WhiteWater Express Car Wash, which is backed by SkyKnight Capital, has merged with Legends Express Car Wash. No financial terms were disclosed.
3 min read · 30 April 2019
Kroger Co has closed the sale of its Turkey Hill business to Peak Rock Capital. The transaction was for a consideration of $215 million. Goldman Sachs was financial adviser to Kroger on the transaction. According to the terms of the deal, Peak Rock has agreed to continue operating the Turkey Hill business out of its Conestoga, Pennsylvania facility with its nearly 800 associates and under the same Turkey Hill brand. Turkey Hill is a producer of ice cream products, iced teas, lemonades, fruit drinks and dairy products.
2 min read · 29 April 2019
CITIC Capital has acquired UCO from Qingdao KingKing Applied Chemistry Co. No financial terms were disclosed. UCO is a digital marketing and e-commerce service provider focusing on the beauty and personal care sector in China.
3 min read · 29 April 2019
Cerberus has agreed to sell Avon North America, a social selling beauty company, to LG Household & Health Care Ltd for $125 million. According to terms of the deal, LG H&H will acquire Cerberus' majority stake in Avon North America as well as Avon Worldwide's minority stake. The deal is expected to close on September 30, 2019. Kirkland & Ellis LLP provided legal counsel to Avon North America on the transaction.
4 min read · 26 April 2019
Lariat Partners said April 25 that it sold Jacent to Gridiron Capital. Financial terms weren’t announced. Jacent, formed in 2016 by the merger of LaMi Products and ATA Retail Services, sources, warehouses, ships, and stocks more than 3,500 impulse items to more than 15,000 grocery stores across the US and Canada.
2 min read · 25 April 2019
Apollo Global Management LLC and Cerberus Capital Management are considering separate bids for Shutterfly Inc, Bloomberg reported. Shutterfly, which sells personalized frames and photo albums online, has hired an adviser to review strategic alternatives, the story said. News of the sale caused Shutterfly’s stock to rise 13 percent Wednesday.
1 min read · 25 April 2019
Canadian investment firm Hardy Capital has acquired LD Vision Group, an eyecare retailer. No financial terms were disclosed. Canaccord Genuity Petsky Prunier, with a team led by John Fang, was financial adviser to LD Vision Group on the deal. LD Vision has offices in Canada and Buffalo, New York.
2 min read · 24 April 2019
Gridiron Capital has made an investment in Wadsworth, Ohio-based Remington Products, a provider of branded and private label orthotic solutions. No financial terms were disclosed.
3 min read · 22 April 2019
ABTB, which is backed by Orangewood Partners and ABDD Capital, has acquired eight additional Taco Bell restaurants in the greater Louisville, Kentucky market. No financial terms were disclosed. Paris Ackerman LLP provided legal advice on this transaction.
2 min read · 22 April 2019
Bowling Green, Kentucky-based Pink Lily, an online fashion retailer, has secured an undisclosed amount of private equity funding. The investors were not named.
3 min read · 18 April 2019
