Private Equity
FFL Partners is considering options, including a sale, for Church’s Chicken, Bloomberg reported. FFL is seeking $350 million or more for Church’s, a fast food chain, the story said.
1 min read · 13 June 2019
Jack’s Family Restaurant, which is backed by Onex, is considering a sale, the Wall Street Journal reported. North Point Advisors is providing financial advice to Jack’s, which is expected to produce more than $80 million Ebitda in 2019, the story said.
1 min read · 13 June 2019
Regis Corp said June 13 that it sold 96 of its California-based Supercuts salons to Moxie Management Group. Financial terms weren’t announced. Moxie is a portfolio company of Spanos Barber Jesse & Co. Supercuts is a chain of hair salons.
3 min read · 13 June 2019
SoftBank Vision Fund and SoftBank Latin America Fund have invested in Gympass. Financial terms weren’t announced. Both funds are joining Gympass's existing investors General Atlantic, Atomico, and Valor Capital Group. Gympass is a corporate fitness platform.
3 min read · 12 June 2019
Versa Capital Management LLC has agreed to sell Polartec to Milliken & Company. No financial terms were disclosed. Based in Andover, Massachusetts, Polartec is a provider of performance textiles for outdoor and military apparel. No financial terms were disclosed.
4 min read · 11 June 2019
YFM Equity Partners is investing 5 million pounds in Tonkotsu for a minority stake. UK-based Tonkotsu is an operator of ramen restaurants.
3 min read · 11 June 2019
A consortium comprised of Hudson Bay shareholders has made an offer to take the retailer private, the Wall Street Journal reported. The group includes Chairman Richard Baker, Rhône Capital LLC, WeWork Property Advisors and other shareholders that together control 57 percent of Hudson Bay shares outstanding, the story said. The deal values Hudson Bay at 9.45 Canadian dollars ($7.12) a share.
1 min read · 11 June 2019
Wise Equity said June 11 that it has agreed to invest in Waycap. Financial terms weren’t announced. Waycap designs and makes fashion accessories such as hats, bags & bag components, scarfs and gloves.
2 min read · 11 June 2019
Apollo Global Management has agreed to buy Shutterfly Inc for $51 a share or $2.7 billion. Ryan O’Hara was named president and CEO of Shutterfly effective June 24. Shutterfly is an online retailer.
8 min read · 11 June 2019
Canadian mid-market private equity firm Clearspring Capital Partners has acquired a majority interest in Voyages Traditours, a Laval, Québec-based tour operator of curated cultural circuits. Terms weren’t disclosed for the deal, which saw Clearspring acquire a majority of the shares owned by Entrepreneur Capital, a Canadian private equity firm. Entrepreneur, which invested in 2014, will retain a stake, as will CEO Sébastien Forest and Founder Jacques Rodier. Established in 1999, Voyages Traditours designs Francophone-focused travel itineraries in more than 70 countries on five continents.
3 min read · 10 June 2019
