Private Equity
Graycliff Partners LP has acquired Lakeville, New York-based Sweeteners Plus, a maker of essential liquid and dry sweeteners for quick service restaurant, specialty beverage, bakery, confectionery and pharmaceutical customers. No financial terms were disclosed.
1 min read · 14 May 2019
Webster Equity Partners has acquired Vivona Brands from Inflexion Private Equity. No financial terms were disclosed. London-based Vivona is a provider of beauty, wellness and lifestyle products. No financial terms were disclosed.
3 min read · 13 May 2019
Splash Car Wash, which is backed by Palladin Consumer Retail Partners, has acquired Middletown, New York-based Wash Co, an operator of car wash facility and laundromat. No financial terms were disclosed.
2 min read · 13 May 2019
West Lane Capital Partners LLC has acquired a majority stake in California-based Fantasy Files, a provider of specialty cosmetic products. No financial terms were disclosed.
2 min read · 13 May 2019
Kennedy Lewis Investment Management LLC seized control of Flywheel Sports last month and is working with an adviser to gauge interest from buyers, Bloomberg reported. Flywheel Sports is known for its high-intensity indoor cycling and barre classes, the story said.
1 min read · 13 May 2019
Chico's FAS Inc said May 10 that it received an unsolicited proposal from Sycamore Partners to buy the company for $3.50 a share cash. The women’s apparel retailer said its board will review the bid, which Reuters valued at $407.8 million, and determine if it’s in the best interest of shareholders. Chico’s said that it recently rejected another unsolicited offer from Sycamore for $4.30 a share cash because the offer was too low. Goldman Sachs & Co LLC is financial adviser to Chico's FAS, while Paul, Weiss, Rifkind, Wharton & Garrison LLP is legal counsel.
4 min read · 13 May 2019
Truck Hero, a portfolio company of CCMP Capital Advisors LP, has acquired Buford, Georgia-based Lund, a provider of branded automotive accessories. No financial terms were disclosed. Ropes & Gray LLP advised Truck Hero and CCMP on the transaction while Katten Muchin Rosenman LLP advised Lund and Highlander. Lund was a portfolio company of Highlander Partners LP.
5 min read · 10 May 2019
Hain Celestial has agreed to sell its chicken and turkey business Hain Pure Protein to Aterian Investment Partners for $80 million. The deal is expected to close before June 30, 2019. Centerview Partners was financial adviser to Hain Celestial on the transaction.
2 min read · 09 May 2019
Edgewell Personal Care Co said May 9 that it agreed to buy Harry’s Inc in a deal that values Harry’s at $1.37 billion. Edgewell is paying 79 percent of the deal in cash, while 21 percent will be paid in common stock. Once the deal closes Harry's shareholders will own about 11 percent of Edgewell. Harry’s, of New York, is personal care and grooming company known for its shaving products. Harry’s has raised $461.03 million in funding from investors including Alliance Consumer Growth, Temasek Holdings, Tiger Global Management and Wellington Management, PitchBook said.
10 min read · 09 May 2019
Omnes said May 9 that it closed its buy of Camerus Group, which it first invested in in 2013. Financial terms weren’t announced. With the refinance, Camerus, a French furniture rental company for trade fairs, conferences and professional events, has bought Lign’Expo.
3 min read · 09 May 2019