Private Equity
North Castle Partners has made an investment in Maya Kaimal Foods, an Indian food company. No financial terms were disclosed. The Giannuzzi Group LLP provided legal counsel to Maya Kaimal while Morrison Cohen LLP did likewise for North Castle Partners.
3 min read · 17 April 2019
A TPG-led investor group has agreed to invest in APM Monaco, a jewelry brand. No financial terms were disclosed. According to terms of the deal, TPG and its partners China Synergy and Trail will acquire a minority stake in APM Monaco. Natixis provided financial advice to APM Monaco on the transaction.
5 min read · 17 April 2019
Marquee Brands LLC, which is backed Neuberger Berman, has agreed to buy the Martha Stewart and Emeril Lagasse brands and all related intellectual property from Sequential Brands Group. Financial terms weren’t announced. Martha Stewart is joining the Marquee Brands team and continue to guide the brand she founded. The Emeril Lagasse brand has used by home cooks and professional chefs since Lagasse, a chef, opened Emeril's Restaurant in 1990.
3 min read · 17 April 2019
Arbor Investments said April 16 that it sold Fieldbrook Foods to Wells Enterprises Inc. Financial terms weren’t announced. Fieldbrook, of Dunkirk, New York, makes ice cream and frozen novelty products including ice cream sandwiches, cups, cones and stick novelties.
3 min read · 16 April 2019
Encore Consumer Capital has made an investment in Warwick, Rhode Island-based Tourtellot, a provider of fresh produce to retail grocery customers. No financial terms were disclosed.
2 min read · 15 April 2019
L Catterton has made an investment in Cholula, a provider of hot sauce. No financial terms were disclosed.
2 min read · 15 April 2019
Butterfly Equity agreed to buy Bolthouse Farms, which focuses on making healthy products, from Campbell Soup Co. for $510 million in cash. Bolthouse is Butterfly's fourth investment in food across agriculture, aquaculture, food and beverage products, food distribution and food service. Butterfly operating partner Jeff Dunn will take on the role of Bolthouse's chief executive officer, where he previously worked as president and CEO from 2008 to 2012, when it was acquired by Campbell Soup.
3 min read · 12 April 2019
Ridgemont Equity Partners has acquired New Lenox, Illinois-based Munch's Supply, a wholesale distributor of heating, ventilation and air conditioning equipment, parts and supplies. No financial terms were disclosed. Lincoln International served as financial adviser to Munch’s Supply on the deal while Baird and Livingstone did likewise for Ridgemont.
3 min read · 12 April 2019
MTY Food Group said April 11 that it agreed to buy Papa Murphy's Holdings Inc for $6.45 a share or about $190 million. Papa Murphy's is a franchisor and operator of the Take 'n' Bake pizza brand and one of the largest pizza chains in the United States, that sells fresh, hand-crafted pizzas ready for customers to bake at home. Lee Equity Partners LLC took Papa Murphy’s public in 2014.
10 min read · 11 April 2019
Silas Capital has made an investment in Bellroy, an accessories brand. No financial terms were disclosed.
4 min read · 10 April 2019
