Private Equity
XLerate Group, which is backed by Huron Capital, has acquired Columbus Fair Auto Auction. No financial terms were disclosed. The auction operates an 11-lane arena, reconditioning facility, body shop, and mechanical shop.
2 min read · 25 October 2019
Authentic Brands Group, a brand development, marketing and entertainment company, is buying luxury retail brand Barneys New York. No financial terms were disclosed. The deal is expected to close by November 1, 2019. As previously reported by PE HUB, Barneys filed for Chapter 11 bankruptcy protection this past summer. ABG is backed by BlackRock.
5 min read · 25 October 2019
Sole Source Capital said Oct. 25 that it acquired a majority of Worldwide Produce. Financial terms weren’t announced. Worldwide Produce distributes fresh produce, dairy and specialty foods in California and Nevada.
3 min read · 25 October 2019
Vacasa, a vacation rental management platform, has closed its previously announced acquisition of Wyndham Vacation Rentals for $162 million. Vacasa’s backers include Riverwood Capital, Level Equity, NewSpring and Assurant Growth Investing.
3 min read · 23 October 2019
Canada Pension Plan Investment Board is selling its 39 percent stake in Interparking, a Belgian-based car park owner and operator, to APG. No financial terms were disclosed. The deal is expected to close over the next few months. APG is a Dutch pension provider.
4 min read · 23 October 2019
Brynwood Partners has sold Joseph's Frozen Foods to LaSalle Capital. No financial terms were disclosed. Headquartered in Haverhill, Massachusetts, Joseph's is a provider of frozen stuffed pasta.
3 min read · 23 October 2019
Lee Equity Partners LLC has acquired Boca Raton, Florida-based Cosmetic Solutions, a service provider to skincare brands. No financial terms were disclosed. The Sage Group served as financial adviser to Cosmetic Solutions on the deal.
3 min read · 22 October 2019
Coty Inc said Oct. 21 that as a result of a strategic review it will focus more intently on its fragrance, cosmetics and skin care businesses. Coty said it is launching a process to explore strategic alternatives for its Professional Beauty business and associated nail and hair brands, including Wella and Clairol, as well as the company’s Brazilian operations, including a divestiture. Credit Suisse is advising on the process. JAB Holdings is Coty’s largest shareholder.
10 min read · 22 October 2019
Centre Partners has made an investment in St. Paul, Minnesota-based Wisconsin Cheese Group Holding LLC, a manufacturer of branded and private label Hispanic foods. No financial terms were disclosed. Dechert LLP provided legal counsel to Centre Partners on the deal.
3 min read · 21 October 2019
Canadian retailer Hudson's Bay has agreed to be taken private by a group of shareholders led by Executive Chairman Richard Baker, reported Reuters. The group offered C$10.30 per share in cash for the 43 percent of shares it does not own in Hudson's Bay. According to a previous PE HUB report on this transaction, the investors group also includes Rhône Capital and WeWork Property Advisors.
1 min read · 21 October 2019
