Private Equity
TPG is in talks to buy Coffee Day Global Ltd, owner of chain Cafe Coffee Day, the Economic Times reported. Coffee Day Enterprises Ltd owns nearly 89.6 percent of Coffee Day Global, which houses a chain of about 1,750 stores across India, nearly 600 Value Express kiosks and 60,000 vending machines that dispense coffee in corporate workplaces and hotels under the brand, the story said.
1 min read · 30 August 2019
Hudson's Bay is selling department store Lord + Taylor to Le Tote Inc, a San Francisco-based retail service company, for about $100 million, reported Reuters. Hudson's Bay, a Canadian retailer that also owns luxury department store Saks Fifth Avenue, will get $74.95 million in cash upon the deal's closing and about $25 million in two years. Le Tote's backers include Sway Ventures, Azure Capital Partners, FundersClub and Lerer Hippeau, according to Crunchbase.
1 min read · 28 August 2019
Bravo Sports, a portfolio company of Transom Capital Group, has acquired Dwindle Distribution. The seller was Globe International. No financial terms were disclosed. D.A. Davidson served as financial adviser to Globe International on the deal. Dwindle is a skateboard designer, manufacturer and distributor that owns iconic brands such as Almost, Blind, Darkstar, Dusters, Enjoi, Speed Demons, Superior and Tensor Truck.
2 min read · 28 August 2019
Keystone Capital Inc has made an investment in Miami-based Hometown Foods USA, a maker of bagels and cake products. No financial terms were disclosed.
2 min read · 27 August 2019
Altria Group Inc confirmed Aug. 27 that it is in discussions with Philip Morris International Inc regarding an all-stock merger of equals. Philip Morris is a cigarette and tobacco manufacturing company with a $114.67 billion market cap. Altria produces and markets tobacco, cigarettes and related products; it has a $95.5 billion market cap. Philip Morris International was part of Altria Group until 2008 when it was spun out.
3 min read · 27 August 2019
Lion Capital is putting sports nutrition company Grenade up for sale later this year, The Daily Telegraph reported. Lion Capital acquired Grenade two years ago when the company was valued at 72 million pounds ($88.2 million), the story said.
1 min read · 27 August 2019
Ben Franklin Technology Partners has invested in ERApeutics. Financial terms weren’t announced. ERApeutics, of Lancaster, Pennsylvania, provides brain health supplements. The Ben Franklin investments will be used to develop and commercialize a walnut-based functional beverage, BrainMilk.
3 min read · 26 August 2019
Boll & Branch, a maker and retailer of sustainable home goods, has secured $100 million in funding. The investor was L Catterton.
3 min read · 26 August 2019
TA Associates has made an investment in Gong Cha Group, a provider of quality bubble and milk tea. No financial terms were disclosed. The deal is expected to close in early October.
4 min read · 26 August 2019
Nexus Capital Management LP said Aug. 23 that it acquired FTD, an online florist and gift company. The deal was valued at $110.9 million.
3 min read · 26 August 2019
