Private Equity
HC Private Investments has acquired a majority stake in Federal Heights, Colorado-based Epicurean Butter Company Inc, a manufacturer of finishing butters for the retail and foodservice industries. No financial terms were disclosed. Integris Partners was financial adviser to Epicurean Butter while Winston & Strawn LLP served as legal counsel to HCPI.
3 min read · 04 September 2019
The Carlyle Group has acquired Atracciones Coney Island SAC and its subsidiaries, Divertrónica Medellín SAS and Yukids SpA. The sellers were Grupo El Comercio and founders Rolando Giha, the Hoyos Family and Matias Allendes. No financial terms were disclosed. Atracciones Coney Island specializes in family-friendly indoor entertainment parks in Latin America.
2 min read · 04 September 2019
Carlyle Group said Sept. 4 that it was partnering with Patrick Doyle, former president and CEO of Domino’s Pizza, to buy companies. Carlyle and Doyle will focus on public and private companies with established brands, proven business models and an enterprise value of up to $10 billion as well as family businesses. Doyle is working with Jay Sammons, Carlyle’s head of global consumer, media & retail.
3 min read · 04 September 2019
Campbell Soup Co said Sept. 2 that it agreed to sell its European Chips business to Valeo Foods, a portfolio company of CapVest Partners LLP, for about 66 million pounds (approximately $80 million). Campbell’s European Chips business includes UK-based Kettle Foods Ltd and Netherlands-based Yellow Chips BV. Barclays and Weil, Gotshal & Manges LLP advised Campbell Soup. David Arnold of Willkie Farr & Gallagher LLP represented CapVest/Valeo.
3 min read · 04 September 2019
Centerbridge is preparing to sell Apcoa, a parking garage manager, which could be valued at more than $1.1 billion, reported Reuters. Centerbridge has hired JPMorgan and Goldman Sachs to serve as sell-side advisers on the sale.
1 min read · 03 September 2019
Campbell Soup Company has agreed to sell its European chips business to Valeo Foods for about $80 million. Barclays and Weil, Gotshal & Manges LLP advised Campbell on the transaction. Valeo Foods is a portfolio company of CapVest Partners LLP.
3 min read · 03 September 2019
Brightstar Capital Partners has agreed to acquire Ogden, Utah-based Capstone Nutrition, a developer and manufacturer of high-quality nutrition products. No financial terms were disclosed.
2 min read · 03 September 2019
Montreal-based Otimo Retail, a private investment firm focused on retail technology, has acquired XCCommerce, a provider of omnichannel promotion and coupon solutions for top-tier retailers. No financial terms were disclosed. Desjardins Capital, a fund manager in Quebec, provided funding and support to Otimo Retail on the transaction. XCCommerce is headquartered in Montreal.
2 min read · 03 September 2019
Fengate Asset Management has agreed to invest C$40 million in Toronto-based theScore, a sports news and data app. The capital will be used to grow and develop theScore's media and sports betting businesses. Redbird Sports Group acted as financial adviser to theScore while PJT Partners did likewise for Fengate. McCarthy Tétrault LLP and Duane Morris LLP provided legal advice to theScore, and Torys LLP acted as legal adviser to Fengate. Based in Toronto, Fengate is an alternative investment manager focused on infrastructure, private equity and real estate strategies.
6 min read · 03 September 2019
Garden Bar, a portfolio company of Elevate Capital, is merging with Evergreens. Financial terms weren’t announced. Garden Bar, of Portland, makes and sells salads.
3 min read · 03 September 2019