Retail

Sycamore Partners to acquire Altria's Ste. Michelle Wine Estates for $1.2bn

Altria Group has agreed to sell its Ste. Michelle Wine Estates business to Sycamore Partners for about $1.2 billion.

KPS agrees to carve out operations from Tate & Lyle in $1.7b deal

KPS and Tate & Lyle will each own about 50 percent of a newly created entity that will acquire the operations and interests.

L-Nutra attracts funding from Brentwood

Brentwood Associates has made an investment in L-Nutra, a provider of nutrition programs.

MidOcean-backed FullSpeed Automotive acquires 25 Texas quick lube centers

FullSpeed Automotive, which is backed by MidOcean Partners, has acquired 25 quick lube and automotive service centers in the Dallas-Fort Worth, Texas market.

Fortress to acquire UK supermarket chain Wm Morrison for $8.7bn: Bloomberg

Fortress Investment Group has agreed to buy UK supermarket chain Wm Morrison Supermarkets PLC for about $8.7 billion, reported Bloomberg.

Homecourt takes minority stake in Phoenix Suns

Dyal HomeCourt Partners has acquired a minority stake in the Phoenix Suns, a NBA team.

REV to acquire UK luxury brand Ralph & Russo Limited

California-based private equity firm Retail Ecommerce Ventures is acquiring UK-based luxury brand Ralph & Russo Limited.

FAT Brands to buy PE-backed Global Franchise Group

FAT Brands has agreed to acquire Global Franchise Group, an Atlanta-based franchisor and operator of five quick-service restaurant chains.

Velocis sells Florida office tower

Velocis has sold West Palm Beach, Florida-based One Clearlake, an office tower.

Satori Capital backs nutritional supplements maker Formulife

Satori Capital has invested in Allen, Texas-based Formulife, a maker of nutritional supplements.