Private Equity
KJK Sports, which is backed by KJK Management SA, said July 1 that it agreed to buy Baltic Bicycle Trade UAB, the parent company of Baltik Vairas. Financial terms weren’t announced. Asgaard A/S and Litcapital I were the sellers. Bailtik Vairas, of Šiauliai, Lithuania, is a bike manufacturer.
2 min read · 01 July 2019
KPS Capital Partners has acquired Brunswick Corporation's fitness business and related brands, including Life Fitness. No financial terms were disclosed.
2 min read · 28 June 2019
Lego’s founding family and Blackstone Group LP agreed to buy Madame Tussauds owner Merlin in a $7.5 billion deal, Reuters reported. The transaction for Merlin Entertainment, which also operates Legoland theme parks around the world, values Merlin shares at 455 pence each, giving the firm an enterprise value for the company and its debt of 5.91 billion pounds, the story said.
1 min read · 28 June 2019
Chico's FAS Inc said June 27 that its board unanimously rejected the latest offer from Sycamore Partners. The PE firm on June 19 offered to buy all of Chico’s outstanding shares for $3 a share cash. Chico’s rebuffed Sycamore’s offer because it was too low and was not in the best interests of its shareholders. Chico’s is a women’s apparel retailer. In May, Sycamore offered to buy Chico’s for $3.50 a share but the retailer also rejected that proposal.
5 min read · 27 June 2019
Cox Enterprises Inc said June 26 that it agreed to sell its Cox Media Group's radio station portfolio as well as its CoxReps and Gamut national advertising businesseses to Apollo Global Management LLC. Financial terms weren’t announced. Cox Enterprises will have minority of the new company. Cox Media Group operates more than 60 radio stations across 11 markets, while CoxReps is a national television rep company for local broadcast television. Gamut offers digital advertising and OTT solutions to clients on a national scale.
5 min read · 27 June 2019
Manna Tree Partners said June 27 that it invested in Vital Farms. Vital Farms, of Austin, is a national brand of pasture-raised eggs and butter.
3 min read · 27 June 2019
Tuatara Capital LP, a private equity firm focused on the legal cannabis industry, has named Sergey Sherman as a managing director on the investment team. Previously, Sherman was managing director at Societe Generale.
2 min read · 26 June 2019
Laguna Hills, California-based Centercode, a provider of customer validation SaaS solutions to global B2C and B2B businesses, has secured an undisclosed amount of funding. The investor was Argentum. In addition to the investment, Michael Ulliman, a principal at Argentum, will join Centercode's board of directors.
3 min read · 26 June 2019
GrowGen, an owner and operator of specialty retail hydroponic and organic gardening stores, has raised $12.8 million in a private placement. The investors included Gotham Green Partners, Merida Capital Partners, Navy Capital and funds advised by JW Asset Management.
3 min read · 26 June 2019
An investor group led by Swander Pace Group, Dragoneer Investment Group and co-investors that include Katy Perry and Orlando Bloom, has acquired Santa Barbara, California-based Bragg Live Food Products Inc, a producer of apple cider vinegar. No financial terms were disclosed.
4 min read · 25 June 2019
