Retail

L Catterton to invest in cultured dairy brand Good Culture

Good Culture’s existing backer Manna Tree plans to reinvest in Good Culture alongside L Catterton.

Sullivan Street’s Zeina Bain sees ‘great opportunity’ for carve-outs in 2026; BCLP’s Carol Osborne eyes beauty sector; Progressio exits Polenghi

Progressio has sold its stake in Polenghi, a manufacturer of lemon juice-based products.

LongRange acquires gym chain 24 Hour Fitness

Company founder Mark Mastrov is returning as owner and executive chair.

Acorn-backed Pan Am Flight Academy acquires flight training firm Alliance Aviation

Based in Miami, Pan Am is a commercial flight training school.

TruArc-backed New Directions Aromatics merges with Aromatic Fragrances

Based in Toronto, Canada, New Directions Aromatics is a supplier of natural and organic raw materials to the beauty, personal care, health, and wellness industries.

TSCP-backed PestCo acquires Bio-Tech Pest Control

Based in St. Louis, Missouri, PestCo is a provider of pest control services to residential and commercial customers.

PPC snaps up food manufacturer NaturPak

CEO Aaron Jackson will continue to lead NaturPak.

Leonard Green completes buyout of Topgolf Callaway Brands’ Topgolf and Toptracer biz for $800m

The transaction values Topgolf at about $1.1 billion.