Private Equity
Kettle Cuisine, a portfolio company of Kainos Capital, has acquired Portland, Oregon-based Harry's Fresh Foods, a custom food manufacturing company. No financial terms were disclosed.
2 min read · 08 April 2019
Investcorp has agreed to sell The Wrench Group, a provider of home maintenance and repair services, to Leonard Green & Partners. No financial terms were disclosed. Jefferies LLC was financial adviser to Wrench on the deal.
4 min read · 08 April 2019
CEC Entertainment Inc, which owns Chuck E Cheese and Peter Piper Pizza, is merging with Leo Holdings Corp, a SPAC. CEC Entertainment, which is backed by Apollo Global Management LLC, will trade on the NYSE under the ticker “CEC.” Apollo is not selling shares in the transaction and will have 51 percent once the deal closes. CEC’s anticipated initial enterprise value is about $1.4 billion. Leo Holdings is blank check company formed by Lion Capital.
10 min read · 08 April 2019
Orion Food System, a portfolio company of One Rock Capital Partners LLC, has agreed to merge with Land Mark Products, a maker and distributor of food products as well as a provider of food service solutions to the convenience and specialty retail channels. No financial terms were disclosed.
3 min read · 05 April 2019
Center Rock Capital Partners has acquired Spartanburg, South Carolina-based Merit, a distributor of paint sundries, flooring products and related installation supplies. No financial terms were disclosed.
2 min read · 05 April 2019
Earthlite LLC, a portfolio company of Branford Castle Partners, has acquired Carmel, California-based Tara Spa Therapy, a lotions and creams brand. The seller was Tara Grodjesk. No financial terms were disclosed.
3 min read · 05 April 2019
Artisan Design Group, a portfolio company of The Sterling Group, has acquired Wilmington, North Carolina-based Markraft Cabinets LLC, a provider of design and installation services for cabinetry and countertops in North Carolina, South Carolina and Tennessee. No financial terms were disclosed.
2 min read · 05 April 2019
Wellspring Capital Management has acquired Sherman Oaks, California-based Lucky Strike Entertainment LLC, an operator of upscale entertainment venues. No financial terms were disclosed. McDermott Will & Emery provided legal counsel to Wellspring on the transaction.
3 min read · 04 April 2019
Great Hill Partners is leading a group to invest in Custom Ink through a recap. Financial terms weren’t announced. Custom Ink’s current shareholders, including Revolution Growth and SWaN & Legend Venture Partners, are exiting. Custom Inc, of Fairfax, Virginia, provides custom apparel for groups, companies and communities.
5 min read · 04 April 2019
H.I.G. Capital said April 4 that it has acquired Craig Holdings Inc. Financial terms weren’t announced. Craig, of Carlsbad, California, provides weight loss services including meal plans, foods, and consultants. North Castle Partners is the seller.
4 min read · 04 April 2019
