Private Equity
Palm Beach Capital has invested in Consumer Products Distributors LLC, which does business as J. Polep Distribution Services, and Rachael’s Food LLC. Financial terms weren’t announced. J. Polep, a distributor to the convenience and grocery store industry, provides candy, snack items, fresh, frozen and refrigerated foods, cigarettes and cigars, as well as coffee products to more than 6,000 customers located throughout the Northern United States.
3 min read · 30 September 2019
Forever 21 Inc said Sept. 29 that it filed for chapter 11 bankruptcy protection in the U.S. Forever 21 said its Canadian subsidiary was granted protection under the Companies’ Creditors Arrangement Act by the Ontario Superior Court of Justice (Commercial List) in Toronto. Forever 21 has obtained $275 million in financing from JPMorgan Chase Bank NA, as well as $75 million in new capital from TPG Sixth Street Partners. Forever 21, of Los Angeles, is a women’s fashion retailer.
3 min read · 30 September 2019
Naxicap Partners is acquiring Siblu Villages from Stirling Square Capital Partners. No financial terms were disclosed. Harris Williams is advising Stirling Square on the pending sale. Siblu is a holiday park operator in France.
3 min read · 27 September 2019
Inspire Brands, which owns Arby’s, Buffalo Wild Wings, and SONIC Drive-In, said Sept. 25 that it agreed to buy Jimmy John’s Sandwiches. Financial terms weren’t announced. Both Jimmy John's and Inspire Brands are backed by Roark Capital Group.
2 min read · 26 September 2019
Bertram Capital has made an investment in Dallas-based Solo Stove, a provider of portable, low-smoke fire pits and camping stoves. No financial terms were disclosed.
3 min read · 25 September 2019
L Catterton has agreed to acquire Del Frisco’s Restaurant Group for about $650 million. In conjunction with the deal, L Catterton has agreed to sell Del Frisco’s Double Eagle Steakhouse and Del Frisco’s Grille assets to Landry’s Inc for an undisclosed sum. On the closing of the deal, Del Frisco's stock will stop trading on the NASDAQ.
4 min read · 25 September 2019
Stone fruit companies Gerawan Farming Inc and Wawona Packing Co LLC have completed a merger. No financial terms were disclosed. Paine Schwartz is partnering with both companies to support the deal.
3 min read · 25 September 2019
Brightstar Capital Partners has closed its previously announced acquisition of Ogden, Utah-based Capstone Nutrition, a developer and manufacturer of high-quality nutrition products. No financial terms were disclosed.
2 min read · 23 September 2019
Topspin Partners has acquired Japonesque, a provider of beauty products to mass, specialty and online retailers, from San Francisco Equity Partners. No financial terms were disclosed. Financo served as financial adviser to Japonesque on the transaction.
1 min read · 23 September 2019
Carlyle Group is weighing a sale of Golden Goose, Bloomberg reported. The PE firm is working with Bank of America on a potential deal; Golden Goose, an Italian luxury sneaker brand, could sell for more than 1 billion euros ($1.1 billion), the story said.
1 min read · 23 September 2019
