Private Equity
Compass Diversified Holding, an owner of middle-market businesses, has agreed to sell Manitoba Harvest, a Winnipeg, Manitoba-headquartered provider of branded, hemp-based foods, for C$419 million. The buyer is Tilray Inc, a Nanaimo, British Columbia-based cannabis researcher, cultivator, producer and distributor. Jefferies LLC was financial adviser to CODI on the deal while Stikeman Elliott LLP acted as legal counsel. The transaction is expected to close within the next 30 days. Tilray is a portfolio company of Seattle-based cannabis private equity firm Privateer Holdings.
5 min read · 20 February 2019
Tom Dundon has committed $250 million to Alliance of American Football, according to NFL.com. Dundon is principal owner of the Carolina Hurricanes. He is also chairman and managing partner of Dundon Capital Partners. The AAF, a football league, has received backing from VCs including Founders Fund and Slow Ventures, PitchBook said.
1 min read · 20 February 2019
Godiva Chocolatier, backed by Yildiz Holding, said Feb. 20 they agreed to sell select Godiva assets to MBK Partners. These include Godiva’s retail and distribution operations Japan, South Korea, Australia as well as the future rights to develop New Zealand. This includes consumer packaged goods, digital-commerce, travel retail (for Japan and South Korea) and more than 300 retail stores. The transaction also covers Godiva’s production facility in Brussels that supplies product to these markets. Financial terms weren’t announced. Godiva Chocolatier provides artisanal chocolate. MBK Partners, of Beijing, is a North Asia private equity firm. Morgan Stanley provided financial advice while Baker McKenzie acted as legal counsel to Yildiz Holding and Godiva.
6 min read · 20 February 2019
Scandal-hit British cafe chain owner Patisserie Holdings has been bought out of administration by its management with help from Los Angeles-based investment management firm Causeway Capital, the Financial Times reported.
1 min read · 14 February 2019
Eatontown, New Jersey-based Turning Point, a restaurant chain, has secured an undisclosed amount of funding. The investors were NewSpring Mezzanine and Larsen MacColl Partners.
3 min read · 14 February 2019
Main Post Partners has invested in DeMert Brands, parent company of Not Your Mother's. Financial terms weren’t announced. Not Your Mother's, of Tampa, Florida, is a haircare brand, offering shampoos, conditioners and styling products.
3 min read · 14 February 2019
Insight Equity has acquired Eddy Packing from Mason Wells. No financial terms were disclosed. Eddy Packing is a processor of smoked, cooked and fresh pork, beef and poultry products.
3 min read · 11 February 2019
Ardian has agreed to acquire Celli, an Italian beverage solutions company. The seller is Consilium. No financial terms were disclosed.
4 min read · 11 February 2019
Alantra Private Equity has acquired a majority stake in Frías Nutrición, a Spain-based producer of vegetable beverages, broths, creams and other health products. No financial terms were disclosed.
3 min read · 11 February 2019
City Capital Ventures has acquired Toronto-based Redberry Group, a Burger King and Pizza Hut franchisee in Canada. No financial terms were disclosed. CIBC and Scotiabank provided senior debt for the transaction. McCarthy Tétrault LLP provided legal counsel to CCV with additional services provided by Perkins Coie LLP. Metronome Partners was financial adviser to Redberry Group.
3 min read · 08 February 2019
