Private Equity
2 min read · 05 July 2019
Canada Pension Plan Investment Board said July 3 that it plans to sell Liberty Living to The Unite Group plc for C$1.3 billion ($992.3 million) before closing adjustments. CPPIB will retain a 20 percent stake in the combined group. Liberty Living provides student accommodations in the U.K.
4 min read · 03 July 2019
Fortress, which is owned by SoftBank, has emerged as a frontrunner to buy Majestic Wine’s 200 stores, The Telegraph reported. The deal is worth 100 million pounds ($125.7 million), the story said.
1 min read · 03 July 2019
WM Partners has acquired Cortland, Ohio-based Ultima Health Products Inc, a provider of sugar-free electrolyte hydration products. No financial terms were disclosed. Akerman LLP provided legal advice for WM Partners on the transaction while Carter Ledyard & Milburn LLP did likewise for Ultima.
3 min read · 02 July 2019
Nord Bay Capital and TriArtisan Capital Advisors LLC have agreed to buy Hooters of America LLC from H.I.G. Capital, Chanticleer Holdings and other investors. Financial terms weren’t announced. The sellers are retaining stakes in the company. Hooters of America franchises and operates more than 430 Hooters restaurants in 38 states and 27 countries. Piper Jaffray Cos served as financial adviser to Hooters.
4 min read · 02 July 2019
Spanos Barber Jesse & Co said June 27 that it acquired CDM Fitness Holdings. Financial terms weren’t announced. CDM’s co-founders, including CEO Brian Kablik, Bill Whelan (COO), Jonathan Epstein (CMO), as well as its CFO Eric Peabody, also invested. CDM Fitness is a Planet Fitness franchisee in Massachusetts.
3 min read · 02 July 2019
Hain Celestial has closed its previously announced sale of chicken and turkey business Hain Pure Protein to Aterian Investment Partners for $80 million. Centerview Partners was financial adviser to Hain Celestial on the transaction.
2 min read · 01 July 2019
Alpine Investors has made an investment in Florida-based Best Home Services, a HVAC and plumbing service and repair business. No financial terms were disclosed.
3 min read · 01 July 2019
Angelo, Gordon & Co LP said July 1 that it completed the sale of Crunch Fitness to TPG Growth, the middle market platform of TPG. Financial terms weren’t announced. Crunch is a health and fitness company that owns, operates, and franchises fitness centers serving over 1.3 million members across the United States, Australia, Canada, and Spain.
4 min read · 01 July 2019
Ithaca Holdings LLC, backed by the Carlyle Group, is buying Big Machine Label Group. Financial terms weren’t announced. Carlyle is providing additional equity to support the deal and will remain a minority investor. Big Machine Label is a record label founded by Scott Borchetta.
5 min read · 01 July 2019
