L Catterton related stories
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peHUB Wire: Thursday, August 26, 2010That’s All Folks…
- peHUB Wire: Thursday, August 26, 2010
That’s All Folks…
- Hair Club For Men Owner May Be On The Block
The company known for exploiting follicle insecurities may be looking for a buyer. Earlier this week, Regis Corp., which owns the “Hair Club for Men” as well as Supercuts beauty salon, announced it was exploring strategic alternatives. Regis has tapped Peter J. Solomon Co. as its financial advisor. For the uninitiated, “exploring alternatives” or “considering strategic options” usually means a sale.
- Catterton Partners Confirms Uppy's Purchase
Catterton Partners announced a deal to acquire a majority stake in Uppy's, a Chester, Va.-based convenience store chain. No financial terms were disclosed. peHUB first reported on the news in April /66799/uppys/
- Gun Safe Maker Switching PE Sponsors
Catterton Partners has agreed to sell Liberty Safe and Security Products Inc., a Payson, Utah-based gun safe manufacturer, to Compass Diversified Holdings. The deal is valued at approximately $70 million. Baird managed the sell-side process.
- IPO Profile: QuinStreet Inc.
Electronic marketing services provider sells 10M shares after cutting share price
- The Carlyle Group Goes Green
In a move to clean up private equity's image (and save a little money in the process), The Carlyle Group has followed in KKR's footsteps by partnering with the Environmental Defense Fund. But while KKR's partnership served to "green up" a small handful of its existing portfolio companies, Carlyle has gone even greener. (And right around St. Patty's Day! They're related, right?) The mega-buyout firm, in partnership with the Environmental Defense Fund, will implement something called "Eco ValueScreen." It's a due diligence process that identifies places for improvement as well as that holy grail of "value creation" in acquisition targets, all with the purpose of reducing a company's environmental impact. The screen was developed by Carlyle and EDF alongside environmental consulting firm The Payne Firm. The firms haven't estimated any exact savings figure for Carlyle, but the idea is that the screen goes beyond basic risk mitigation in the diligence process Further, other buyout firms will be able to implement the screen for their own diligence processes.