The Yucaipa Companies related stories
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MCR-led investor group to acquire membership platform Soho House in $2.7bn take-private dealSHCO executive chairman Ron Burkle and the Yucaipa Companies LLC will roll their controlling equity interests in Soho House and retain majority control of the business.
Medical apparel brand Jaanuu snags $5 mlnMedical apparel brand Jaanuu has secured $5 million in funding. The investors included Sipadan Capital, Innovation Global Capital, BAM Ventures, Potenza Capital and M3 Ventures. In addition to the funding, Jaanuu has named Derrick Dinglasan as senior vice president of product management.
PE-backed VersaCold acquires assets of Gary Heer TransportVersaCold Logistic Services has bought the assets of Gary Heer Transport Ltd, a refrigerated provider of truckload cross-border transportation services between Western Canada and the United States. No financial terms were released. VersaCold, a Vancouver-based supply chain solutions company that handles temperature sensitive products, said the deal marks its entrance into the U.S. cross-border transportation market. It plans to launch a new subsidiary, VersaCold North America Transportation Solutions Ltd, this quarter. VersaCold is backed by real estate private equity firm KingSett Capital and Ivanhoé Cambridge, an affiliate of the Caisse de dépôt et placement du Québec.
Clintons paid more than $1 mln in speaking fees by PE firms in 2014-15Democratic Presidential candidate Hillary Clinton and her husband, former U.S. President Bill Clinton, were paid more than $1 million by private equity firms for speaking engagments over the last year and a half, according to a public financial disclosure.
- Supervalu Adds Two Board Members
Supervalu has elected two new members to its board: John Standley, Rite Aid's chairman president and CEO and Mark Neporent, Cerberus Capital's COO and general counsel. They are directors. In January, Supervalu agreed to sel /180490/supervalu-sells-chains-cerberus-led-group/ l five of its retail grocery chains to an investor group led by Cerberus Capital Management LP.
- Ron Burkle's Yucaipa Invests in Brew Hub
The Yucaipa Companies, the investment firm founded by Ron Burkle, has invested in Brew Hub, which will offer craft brewers the opportunity to partner brew their beers on site. St. Louis-based Brew Hub was founded by a team of former Anheuser-Busch executives led by Tim Schoen. Brew Hub announced plans Tuesday for its first brewery in Lakeland, Fla., the first of at least five planned facilities around the country.
- Atlantic-Pacific hires veteran fundraiser as CEO
Former Credit Suisse Asset Management executive Mark Bourgeois will replace Atlantic-Pacific Capital’s founder, James Manley, as CEO. Manley (pictured) will remain chairman.
- Yucaipa gains Altius’ former head of Europe
Michael Russell, former head of Europe for Altius Associates, has resurfaced at billionaire supermarket mogul Ron Burkle’s private equity firm.
- Carlyle buys into mid-market lending
The firm’s investment in Churchill Financial highlights the increasingly attractive opportunity to back financial service companies lending into the underserved US mid-market.
- Amalgamated builds up PE lending arm
The bank’s transition into asset-based lending for private equity-backed deals could be part of a niche financing trend for medium sized banks, says Amalgamated investor Wilbur Ross.