Private Equity
Cerberus has agreed to sell Avon North America, a social selling beauty company, to LG Household & Health Care Ltd for $125 million. According to terms of the deal, LG H&H will acquire Cerberus' majority stake in Avon North America as well as Avon Worldwide's minority stake. The deal is expected to close on September 30, 2019. Kirkland & Ellis LLP provided legal counsel to Avon North America on the transaction.
4 min read · 26 April 2019
Lariat Partners said April 25 that it sold Jacent to Gridiron Capital. Financial terms weren’t announced. Jacent, formed in 2016 by the merger of LaMi Products and ATA Retail Services, sources, warehouses, ships, and stocks more than 3,500 impulse items to more than 15,000 grocery stores across the US and Canada.
2 min read · 25 April 2019
Apollo Global Management LLC and Cerberus Capital Management are considering separate bids for Shutterfly Inc, Bloomberg reported. Shutterfly, which sells personalized frames and photo albums online, has hired an adviser to review strategic alternatives, the story said. News of the sale caused Shutterfly’s stock to rise 13 percent Wednesday.
1 min read · 25 April 2019
Canadian investment firm Hardy Capital has acquired LD Vision Group, an eyecare retailer. No financial terms were disclosed. Canaccord Genuity Petsky Prunier, with a team led by John Fang, was financial adviser to LD Vision Group on the deal. LD Vision has offices in Canada and Buffalo, New York.
2 min read · 24 April 2019
Gridiron Capital has made an investment in Wadsworth, Ohio-based Remington Products, a provider of branded and private label orthotic solutions. No financial terms were disclosed.
3 min read · 22 April 2019
ABTB, which is backed by Orangewood Partners and ABDD Capital, has acquired eight additional Taco Bell restaurants in the greater Louisville, Kentucky market. No financial terms were disclosed. Paris Ackerman LLP provided legal advice on this transaction.
2 min read · 22 April 2019
Bowling Green, Kentucky-based Pink Lily, an online fashion retailer, has secured an undisclosed amount of private equity funding. The investors were not named.
3 min read · 18 April 2019
North Castle Partners has made an investment in Maya Kaimal Foods, an Indian food company. No financial terms were disclosed. The Giannuzzi Group LLP provided legal counsel to Maya Kaimal while Morrison Cohen LLP did likewise for North Castle Partners.
3 min read · 17 April 2019
A TPG-led investor group has agreed to invest in APM Monaco, a jewelry brand. No financial terms were disclosed. According to terms of the deal, TPG and its partners China Synergy and Trail will acquire a minority stake in APM Monaco. Natixis provided financial advice to APM Monaco on the transaction.
5 min read · 17 April 2019
Marquee Brands LLC, which is backed Neuberger Berman, has agreed to buy the Martha Stewart and Emeril Lagasse brands and all related intellectual property from Sequential Brands Group. Financial terms weren’t announced. Martha Stewart is joining the Marquee Brands team and continue to guide the brand she founded. The Emeril Lagasse brand has used by home cooks and professional chefs since Lagasse, a chef, opened Emeril's Restaurant in 1990.
3 min read · 17 April 2019
