Private Equity
Carlyle Global Partners will make a minority investment in TAMKO Building Products Inc, a maker of residential roofing products. No financial terms were disclosed. The deal is expected to close in the second quarter of 2019.
3 min read · 28 March 2019
Bain Capital Private Equity has agreed to acquire a majority stake in Maesa, a global beauty brand incubator. No financial terms were disclosed. Financo advised Maesa while Lazard and RBC Capital advised Bain Capital Private Equity.
4 min read · 28 March 2019
Bain Capital Private Equity said March 28 that it agreed to buy a majority of Maesa. Financial terms weren’t announced. Maesa, of New York, is a beauty brand incubator for retailers and beauty companies.
4 min read · 28 March 2019
Newstrike Brands said March 28 that it invested $5 million in Green Tank Technologies, of Toronto, which makes cannabis vape hardware and technology.
4 min read · 28 March 2019
The Carlyle Group and TA Associates have acquired Weiman from Cortec Group. No financial terms were disclosed. Robert W. Baird & Co. and Duff & Phelps Securities LLC served as financial advisers to Weiman while Sawaya Partners LLC did likewise for Carlyle and TA Associates on this transaction. Based in Gurnee, Illinois, Weiman is provider of specialty cleaning products.
4 min read · 27 March 2019
Bessemer Investment Partners LLC said March 27 that it acquired KorMex Foods Inc. Financial terms weren’t announced. MAS Restaurant Group LLC, the Bessemer platform that owns the KorMex assets, operates 73 Taco Bell restaurants, including two co-branded KFC and six co-branded Pizza Hut Express locations, in Houston and surrounding markets.
2 min read · 27 March 2019
Carlyle Group said March 25 that it completed a tender offer to buy a 49 percent stake in Orion Breweries while Nomura Capital Partners Co Ltd will own a 51 percent stake. Orion Breweries, of Japan, produces and distributes alcoholic beverages and soft drinks. Its main product is the Orion beer brand.
2 min read · 26 March 2019
Ferrero and Hostess Brands are lead contenders to buy Kellogg’s Keebler, Famous Amos and fruit snacks business, CNBC is reporting. A sale could value the brands at $1.5 billion, the story said.
1 min read · 26 March 2019
YFM Equity Partners said March 26 that it invested in Frescobol Carioca. Financial terms weren’t announced. Frescobol is a luxury men’s resort wear and lifestyle brand.
2 min read · 26 March 2019
OpCapita said March 25 that agreed to buy a majority of Maurices. The transaction has an enterprise value of $300 million. Ascena retail group inc, the parent, is retaining a stake. Maurices, of Duluth, Minnesota, is a specialty hometown retailer that aims to bring affordable, versatile, and flattering clothing to women in small towns across the U.S. and Canada. PJ Solomon provided financial advice to OpCapita, while Clifford Chance US LLP acted as it its legal counsel. Guggenheim Securities is financial adviser to ascena and Proskauer Rose LLP is serving as its legal counsel.
4 min read · 25 March 2019
