Vestar Capital Partners related stories
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Dealmakers wrestle with Brexit's falloutBankers and lawyers advising companies on takeovers and initial public offerings from London to New York fretted over their deals after a British vote to leave the European Union poleaxed company valuations and executive confidence.
Henkel buys laundry care firm Sun Products in $3.6 billion deal: ReutersGerman consumer products group Henkel (HNKG_p.DE http://www.reuters.com/finance/stocks/overview?symbol=HNKG_p.DE ) said on Friday it was buying U.S. laundry and home care company The Sun Products Corp from a fund of Vestar Capital Partners in a deal valued at $3.6 billion including debt, Reuters News reported.
- Vestar Capital to sell Sun Products to Henkel for $3.6 bln
Henkel Consumer Goods Inc, a subsidiary of Henkel AG & Co. KGaA, has agreed to buy The Sun Products Corp from Vestar Capital Partners. The deal is valued at $3.6 billion, including. Wilton, Connecticut-based Sun Products is a North American provider of laundry detergent, fabric softeners and other household products. Brands include all, Sun, Wisk, Snuggle and Sunlight. Morgan Stanley & Co LLC acted as financial advisor and Kirkland & Ellis LLP acted as legal advisor to Sun Products.
- SK Capital promotes three
SK Capital Partners has made three internal promotions. Stephen d'Incelli has been upped to principal while Jared Kramer and Jay Taunk are now senior associates.
- Vestar Capital promotes one to principal and three to VP
Vestar Capital Partners has promoted four of its staff. Winston Song will now be a principal while Nikhil Bhat, Matt Dubbioso and Alex Kerr have been upgraded to vice presidents.
- PE-backed Healthgrades taps Booker as CEO
Denver-based Healthgrades, which is backed by Vestar Capital Partners, has named Scott Booker as CEO and a member of its board of directors. Booker is succeeding Roger Holstein who will become vice chairman of the Heathgrades' board and return to Vestar Capital as a managing director. Previously, Booker worked at Hotels.com and Stella & Dot. Healthgrades is an online resource of information on doctors and hospitals.
- Triton Container to combine with TAL International
Triton Container International Ltd. is merging with TAL International Group Inc. in a stock swap. Triton shareholders will own 55 percent of the equity of the combined company and TAL shareholders have 45 percent. Triton, which operates a container fleet of 2.4 million TEU, is backed by Warburg Pincus LLC and Vestar Capital Partners. TAL International operates a container fleet of 2.4 million TEU. Once the deal closes, Warburg will have about 27 percent of the newly-formed Triton International Ltd. while Vestar will own 15 percent. Wells Fargo Securities advised Triton while BofA Merrill Lynch advised TAL.
- PE-owned Hearthside makes two acquisitions
Hearthside Food Solutions, which is owned by Goldman Sachs and Vestar Capital Partners, is buying VSI, a European provider of nutrition, diet and functional bars. Also, in a separate deal, Hearthside is acquiring a nutritional supplement bar production facility in Boise, Idaho from a Post Holdings subsidiary. No financial terms were disclosed for either transaction.
- Vestar Capital invests in Veritas Collaborative
Vestar Capital Partners said Monday it made a majority equity investment in Veritas Collaborative LLC. Financial terms weren’t announced. Durham, North Carolina-based Veritas is a premiere specialty hospital system for the treatment of eating disorders. Avondale Partners LLC advised Veritas.
- Vestar, Park Avenue Equity and GoldPoint sell DeVilbiss
An investor group that includes Vestar Capital, Park Avenue Equity Partners and GoldPoint Partners has sold DeVilbiss Healthcare to Drive Medical. No financial terms were disclosed. Based in Somerset, Pennsylvania, DeVilbiss is a maker of respiratory and sleep products.