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Category: Consumer Services

CI seals Impact Group sale to Acosta after huge revenue, EBITDA jumps, impressive bolt-on activity

CI Capital Partners has agreed to sell consumer goods sales and marketing services provider Impact Group to trade buyer Acosta after making a dozen bolt-ons during its five-year ownership. At the time of CI’s Impact

Visa buys Swedish fintech Tink for more than $2bn

Tink would give Visa a foothold in open banking, which connects consumers to multiple financial institutions

L Squared Sells Kanopy to KKR’s OverDrive

L Squared Capital Partners has sold Kanopy, a provider of video streaming services, to OverDrive, a portfolio company of KKR. Kanopy’s video streaming service provides public and academic libraries with free access to more than

L Squared Sells Kanopy to KKR’s OverDrive

L Squared Capital Partners has sold Kanopy, a provider of video streaming services, to OverDrive, a portfolio company of KKR. Kanopy’s video streaming service provides public and academic libraries with free access to more than

New investor relations manager for TSG Consumer as firm brings in TTSTC’s Anderson

TSG Consumer Partners has hired David Anderson, former senior portfolio manager at the $65bn-managing Texas Treasury Safekeeping Trust Company, as managing director of investor relations to maintain and build the firm’s relationships with current and

Riverside-backed Bike24 to list in €662m IPO

Online bike and sports equipment retailer Bike24, a portfolio company of the Riverside Company, is set to list on the Frankfurt Stock Exchange with a market capitalisation of €662m.

Accent exits kitchenware retailer Cervera in sale to trade

Accent Equity and minority shareholders have agreed to sell their shares in Swedish interior design and kitchenware retailer Cervera to Norwegian trade buyer Kibord.

Clearlake’s Unifrax Inks Big Public Add-On

Unifrax, a portfolio company of Clearlake Capital, has agreed to acquire publicly traded Lydall at an enterprise value of approximately $1.3 billion. Clearlake acquired Unifrax from American Securities in October 2018. Lydall (NYSE: LDL) designs

Platinum Sews Up Singer

Platinum Equity has agreed to acquire a majority stake in SVP-Singer Holdings (“SVP Worldwide”), the world’s largest consumer sewing machine company. Singer was formed in 1851 by Isaac Singer and Edward Clark. The company began

Palladium Creates Position, Hires Business Development Director

Palladium Equity has added Meahgan O’Grady to its team as Director of Business Development, a newly-created position. Through her past work experience, Ms. O’Grady brings to Palladium numerous relationships across multiple channels, including development teams

HSBC sells troubled French bank to Cerberus

Lender controlled by private equity firm Cerberus will buy HSBC’s French retail operations for a symbolic one euro

Olympus Pet Food Platform Expand to Colorado

3D Corporate Solutions, a portfolio company of Olympus Partners, has acquired All American Pet Proteins (AAPP). Olympus acquired 3D Corporate in May 2019. 3D Corporate develops, processes, distributes, and sells a variety of pet food

Westbury Group Advises Growers House on its Growth Recapitalization by…

Leading hydroponic equipment and supplies omni-channel retailer partners with two leading private equity firms.(PRWeb June 03, 2021)Read the full story at https://www.prweb.com/releases/westbury_group_advises_growers_house_on_its_growth_recapitalization_by_rlj_equity_and_cave_creek_capital/prweb17978001.htm

Oatly, a Maker of Oat Milk, Is About to Have Its IPO

Oatly, maker of dairy alternatives, could be worth $10 billion when it lists on the stock market this week. The share sale is a barometer of changing consumer preferences.

Hedge fund managers returned 1% in January 2021, says Eurekahedge

Opalesque Industry Update - Hedge funds started 2021 strongly outperforming the global equity market amidst the turbulence in retail trading resulting in a risk-off environment, said Eurekahedge. Hedge fund managers returned 1.00% in January 2021,

Brand Investor Prelude Growth Hits Hard Cap

Prelude Growth Partners, an investor in consumer brands, has closed Prelude Growth Partners II LP at its hard cap of $250 million. The firm’s second fund was oversubscribed and was raised in just four months.

Birkenstock sold in €4bn L Catterton-backed deal after record results in 250-year history

Iconic sandalmaker Birkenstock has sold a majority stake in itself to consumer-focused private equity firm L Catterton in a €4bn deal amid the company reporting a record year despite the Covid-19 crisis.

Virgin wines prices IPO, set for £110m float

Virgin Wines, a UK-based online wine retailer backed by Mobeus Equity Partners and Connection Capital, has priced its upcoming AIM listing at 197 pence per share.

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