Private Equity
TPG's Rise Fund has acquired a 34 percent stake in Uganda-based dairy processor Pearl Dairy Farms Ltd, reported Bloomberg. No financial terms were disclosed.
1 min read · 07 November 2019
Shiseido Co Ltd said Nov. 7 that it completed its buy of Drunk Elephant, a prestige skincare brand. Financial terms weren’t announced. The sale was announced in October. Press reports pegged the deal at $845 million.
2 min read · 07 November 2019
Investcorp is partnering with China Resources and Fung Investments to launch a platform that will invest in food brands in Asia, specifically China, Singapore and greater Southeast Asia. Investcorp, China Resources and Fung have committed $300 million to the platform, which aims to raise $500 million.
3 min read · 07 November 2019
Stephen Schwarzman, Blackstone CEO, said taking Walgreens Boots Alliance private would be a “stretch” right now as investors have become more discriminating, Bloomberg reported. “You need at least $20 billion of equity. Could you find that in today’s world? Maybe,” the story said, which quoted Schwarzman’s comments during a Reuters Newsmakers event. The Blackstone co-founder said mega-deals are “straining the system,” according to the story.
1 min read · 07 November 2019
Walgreens Boots Alliance Inc is weighing going private following interest from private equity, Reuters reported. Walgreens has hired Evercore to explore whether a deal can be put together, the story said. KKR recently held informal talks to take Walgreens Boots private, Bloomberg said. Such a deal could be the biggest leverage buyout in history; Walgreens Boots has a market value of about $55 billion and $16.8 billion of debt, Bloomberg said.
1 min read · 06 November 2019
Shorepoint Capital Partners has acquired Dartmouth, Massachusetts-based Mirasol's Cafe, a Latin inspired café serving coffee, soups, sandwiches and freshly baked goods. No financial terms were disclosed. Generational Equity advised Mirasol's Cafe on the transaction.
2 min read · 05 November 2019
Stouse, which is backed by Goldner Hawn, has acquired Kansas-based Magna Plus, a wholesale provider of custom printed labels, magnets, and other promotional products. No financial terms were disclosed.
2 min read · 05 November 2019
SureWerx, a portfolio company of The Riverside Company has acquired Sure Foot, a provider of footwear traction aid products. No financial terms were disclosed.
2 min read · 05 November 2019
Canadian private equity firm Novacap has acquired a majority stake in St-Jerome, Québec-based Foliot Furniture, a provider of furnishings for the hospitality and educational housing sectors. No financial terms were disclosed. Fonds de solidarité FTQ also invested in this transaction.
3 min read · 05 November 2019
Brentwood Associates has acquired a majority stake in Chicken Salad Chick from Eagle Merchant Partners. No financial terms were disclosed. Chicken Salad Chick is a fast-casual restaurant chain. North Point Advisors LLC advised Chicken Salad Chick on the transaction while King & Spalding LLP provided legal counsel.
3 min read · 04 November 2019
