Private Equity
Curaleaf Holdings Inc said July 17 that it agreed to buy GR Companies Inc, or Grassroots, for about $875 million in cash and stock. Grassroots, of Chicago, grows, processes and sells medical cannabis. In March, the company raised $90 million of VC funding, in the form of convertible debt, from undisclosed investors, PitchBook said.
2 min read · 17 July 2019
WHP Global, a newly launched brand management platform, has secured $200 million in funding. The investor was Oaktree Capital Management LP.
3 min read · 17 July 2019
Slim Chickens, a fast casual restaurant franchise, has secured an investment from 10 Point Capital. No financial terms were disclosed.
3 min read · 17 July 2019
HGGC said July 17 that it has agreed to sell a minority stake in Nutraceutical International Corp to Snapdragon Capital Partners LLC and The Maze Group LLC. Financial terms weren’t announced. Nutraceutical, of Park City, Utah, makes, markets and distributes branded natural products, including supplements, personal care, and other natural products sold primarily through domestic health and natural food stores, as well as specialty stores and online.
4 min read · 17 July 2019
Incline Equity Partners has recapitalized Wholesale Supplies Plus, a distributor of raw materials, supplies and packaging used in the production of soap, lotion, cosmetics and candles as well as other personal care products by professional crafters. No financial terms were disclosed for the transaction that was done in partnership with WSP management.
2 min read · 16 July 2019
EagleTree Capital said July 15 that it acquired a majority of Invincible Boat Co. Financial terms weren’t announced. Invincible Boat, of Opa Locka, Florida, makes and sells high-performance semi-custom saltwater fishing boats.
3 min read · 15 July 2019
An investor consortium led by Paris-based private equity firm PAI Partners has made a formal offer to acquire Dutch food maker Koninklijke Wessanen in a deal that values the latter at $996 million, reported Reuters. PAI said it planned to acquire the Dutch company in April.
1 min read · 12 July 2019
North Castle Partners has invested in Echelon Fit. Financial terms weren’t announced. Echelon is a home indoor exercise bike with on demand and live classes.
2 min read · 11 July 2019
H.I.G. Growth Partners has made an undisclosed investment in MedPro, the affiliated management services organization for Soderstrom Skin Institute. Edgemont Partners was the financial adviser to MedPro on the transaction.
5 min read · 11 July 2019
North Castle Partners has made an investment in CR Fitness, a franchisee group in the Crunch Fitness network in the Southeastern U.S. No financial terms were disclosed. Harris Williams served as financial adviser to North Castle while Piper Jaffray & Co did likewise for CR Fitness.
5 min read · 11 July 2019
