Private Equity
Innovative Chemical Products, a portfolio company of Audax Private Equity, has acquired Massachusetts-based IdeaPaint, a provider of dry erase paints and wallcoverings. No financial terms were disclosed.
3 min read · 16 September 2019
Mosaic Acquisition Corp is buying Vivint Smart Home in a deal that will create a merged company with an initial enterprise value of approximately $5.6 billion. Vivint provides smart home products and cloud-enabled services to 1.5 million subscribers across 98 percent of the zip codes in the U.S., and in Canada. Blackstone is investing $100 million in cash, while Fortress Investment Group is providing $125 million cash. Mosaic Acquisition is the blank check company from David Maura, the former chairman of Spectrum Brands Holdings and managing director of hedge fund Harbinger Capital Partners.
10 min read · 16 September 2019
Spectrum Equity has made an investment in Chicago-based Datassential, a provider of data, intelligence and market research to the food service industry. No financial terms were disclosed. As part of this transaction, Jeff Haywood, Mike Farrell and Michael Radonich will join Datassential’s board of directors.
3 min read · 16 September 2019
Taymax Group Holdings LP, which is backed by Trilantic North America, has acquired Southfit, a Planet Fitness franchisee. No financial terms were disclosed. Taymax operates nearly 90 Planet Fitness health clubs in the greater San Antonio, Nashville, Huntsville, Jacksonville, Pittsburgh, Sacramento, Toronto, western Ontario and Ottawa regions.
3 min read · 12 September 2019
Fresh Direct Produce Ltd, an HKW portfolio company, has acquired Islands West Manufacturing Ltd. Financial terms weren’t disclosed. Islands West, of Victoria, British Columbia is a wholesaler of produce, processed fruits, dried spices, and fresh-cut vegetables.
2 min read · 12 September 2019
Carousel Capital has exited its investment in Joe Hudson's Collision Center as a result of the latter's acquisition by TSG Consumer Partners. No financial terms were disclosed. JHCC is an operator of auto body repair shops in the Southeastern region of the U.S.
3 min read · 10 September 2019
Swander Pace Capital said Sept. 10 that it acquired Café Valley. Financial terms weren’t announced. Café Valley makes croissants, cakes, muffins, and other sweet baked goods for retail and foodservice channels across the United States and Canada.
3 min read · 10 September 2019
Advent International has agreed to acquire a majority stake in DFM Foods Ltd, a provider of packaged snack foods in India. The sellers include WestBridge Capital. According to terms of the deal, Advent will purchase up to 34.1 million DFM shares at a price of INR 249.50 per share.
6 min read · 09 September 2019
Partners Group has acquired a majority stake in BCR Group. Financial terms weren’t announced. BCR is a Chinese retail display solution provider.
2 min read · 09 September 2019
Global Bakeries has acquired Van Nuys, California-based Better Baking Co, a provider of fresh cookies, loaves of bread and pitas to local markets and national chains. No financial terms were disclosed. Surge Private Equity and The Firmament Group invested in the transaction.
2 min read · 06 September 2019
