Private Equity
KJK has acquired Elan, a Slovenian sporting goods company. No financial terms were disclosed.
2 min read · 07 May 2019
KPS Capital Partners has agreed to acquire Brunswick Corporation's fitness business for about $490 million in cash. Included in the transaction is the Life Fitness brand, a provider of commercial fitness equipment and game tables. The deal is expected to close in the second quarter of 2019. Paul, Weiss, Rifkind, Wharton & Garrison LLP provided legal counsel to KPS on the transaction.
3 min read · 06 May 2019
Artisan Design Group, which is backed by The Sterling Group, has acquired two Lake Forest, California-based companies: Vintage Design LLC and Nu Wood Design. No financial terms were disclosed. Vintage Design is a provider of design and installation services for flooring products while Nu Wood is a manufacturer and installer of cabinetry that primarily serves Vintage Design's single-family home builder customers.
2 min read · 03 May 2019
TreeHouse Foods Inc said May 2 that it agreed to sell its ready-to-eat cereal business to Post Holdings. Financial terms weren’t announced. The RTE cereal business, of St. Louis, produced about $260 million in sales in 2018.
5 min read · 02 May 2019
AUA Private Equity has made an investment in Gourmet Culinary, a holding company focused on acquiring stakes in specialty food manufacturers in the U.S. No financial terms were disclosed.
4 min read · 01 May 2019
Arbor Investments has recapitalized Jacksonville, Florida-based Darifair Foods Inc, a provider of dairy products. No financial terms were disclosed. Darifair CEO Andrew Block will continue to lead the company.
2 min read · 01 May 2019
McGraw-Hill and Cengage said May 1 that they agreed to combine in an all-stock merger. The deal will create the second-largest provider of college textbooks and other higher-education materials in the country, the Wall Street Journal said. Cengage Learning Holdings II was known as Thomson Learning before it was sold to a group of PE firms, including Apax Partners LLP, in 2007, the WSJ said. Apollo Global Management acquired McGraw-Hill Education Inc in 2013 for $2.4 billion.
7 min read · 01 May 2019
Firmenich has agreed to acquire a majority stake in India-based VKL Seasoning Pvt Ltd, a spice company. The seller is True North. No financial terms were disclosed.
4 min read · 30 April 2019
WhiteWater Express Car Wash, which is backed by SkyKnight Capital, has merged with Legends Express Car Wash. No financial terms were disclosed.
3 min read · 30 April 2019
Kroger Co has closed the sale of its Turkey Hill business to Peak Rock Capital. The transaction was for a consideration of $215 million. Goldman Sachs was financial adviser to Kroger on the transaction. According to the terms of the deal, Peak Rock has agreed to continue operating the Turkey Hill business out of its Conestoga, Pennsylvania facility with its nearly 800 associates and under the same Turkey Hill brand. Turkey Hill is a producer of ice cream products, iced teas, lemonades, fruit drinks and dairy products.
2 min read · 29 April 2019
