Private Equity
PE firms are balking at the high price and slow pace of Vivendi’s sale of a stake in Universal Music Group, Bloomberg said. Vivendi is seeking a minimum value of 25 billion to 30 billion euros ($28 billion to $33 billion) for a minority of Universal Music, the story said. Vivendi is now targeting strategic buyers and has held talks with Tencent Holdings, Bloomberg said.
1 min read · 23 May 2019
Canopy Growth Corp has acquired This Works Ltd, a London, U.K.-based provider of natural skincare and sleep solution products. The all-cash deal was valued at C$73.8 million. This Works CEO Anna Persaud will continue to lead the company. Canopy Growth, a Smith Falls, Ontario-based cannabis, hemp and cannabis device business, said the acquisition facilitates its entry into the natural wellness industry and expands its global presence. This Works was backed by Tengram Capital Partners, a U.S. consumer and retail private equity firm. Tengram invested in 2015.
3 min read · 22 May 2019
L2 Capital has acquired Jurassic Quest, a producer of interactive dinosaur events. No financial terms were disclosed. Statesman Corporate Finance was financial adviser to Jurassic Quest on the transaction.
3 min read · 22 May 2019
Cove Hill Partners has made an investment in LiveAuctioneers, an online live-auction marketplace for fine and decorative art, antiques, jewelry and vintage collectibles. No financial terms were disclosed. Harris Williams and DLA Piper advised LiveAuctioneers on the deal while Ropes & Gray LLP and PricewaterhouseCoopers represented Cove Hill Partners.
3 min read · 22 May 2019
Solabia Group, backed by TA Associates, said May 22 that it acquired Algatech Ltd. Financial terms weren’t announced. Algatech is developing, cultivating and commercializing ingredients delivered from microalgae and used by food supplement, food and cosmetic brands worldwide.
7 min read · 22 May 2019
Clayton, Dubilier & Rice said May 21 that it invested $150 million in MOD Super Fast Pizza Holdings LLC. It’s unclear how big CD&R’s stake is in MOD, an operator and franchisor of a fast casual pizza chain.
4 min read · 21 May 2019
Ascena retail group inc said May 20 that its Dressbarn brand is winding down. Ascena said the decision would have no impact on the operations of any of its other brands. Dressbarn is a women's clothing chain with about 650 stores.
2 min read · 21 May 2019
Encore Consumer Capital has made an investment in Oregon-based KYLA Inc, an alcoholic kombucha brand. No financial terms were disclosed.
2 min read · 20 May 2019
TowerBrook Capital Partners LP has made an investment in KeHE Distributors, a provider of natural and organic, specialty and fresh products to chain and independent grocery and natural food stores. No financial terms were disclosed. BMO Capital Markets was financial adviser to KeHE on the deal.
3 min read · 20 May 2019
Monarch Alternative Capital LP has acquired Shopko Optical, an eyewear provider. No financial terms were disclosed.
2 min read · 16 May 2019
