From PE darling to hard-hit sector: gyms face uncertain post-covid future
As gyms and fitness clubs across Europe gear up to welcome back consumers, Katharine Hidalgo explores their tricky path out of lockdown
As gyms and fitness clubs across Europe gear up to welcome back consumers, Katharine Hidalgo explores their tricky path out of lockdown
Trive Capital has agreed to acquire publicly traded Seven Aces, a gaming company and route operator. Seven Aces (TSXV: ACES), through its subsidiary Lucky Bucks, is a coin-operated amusement machine route operator. Lucky Bucks’ machines
Brook & Whittle, a label making portfolio company of Snow Phipps, has acquired Label Impressions. Snow Phipps acquired Brook & Whittle in October 2017 from RFE Investment Partners and Charter Oak Equity. Label Impressions is
Petlove, the Brazilian online pet retail brand, has received a “significant strategic investment” from the Latin America fund of L Catterton, the consumer-focused private equity firm. The company has previously been backed by investors like
Fulcrum Capital Partners has made an investment in Belvika Trade & Packaging, a provider of outsourced packaging services. Belvika provides primary packaging, secondary packaging, and merchandising services primarily to consumer packaged goods companies operating in
PWP Growth Equity has completed its spin-out from Perella Weinberg. The new firm – now operating as GreyLion Capital – will continue to manage its two existing private equity funds with total capital commitments of
The group launched company voluntary arrangements in the UK and North America as the high street reels from the pandemic
The Sterling Group has held an oversubscribed and hard cap close of its fifth fund, Sterling Group Partners V LP, with $2 billion of capital. The new fund was raised after just four months of
Turkey Hill, a portfolio company of Peak Rock Capital, has acquired an ice cream production facility from Yarnell Ice Cream, a subsidiary of Schulze & Burch Biscuit Company. Turkey Hill produces iced teas, fruit drinks,
Therma Holdings, a portfolio company of Gemspring Capital, has acquired Gilbert Mechanical Contractors. Gilbert is Therma’s fourth acquisition since being acquired by Gemspring in June 2017. Gilbert is a provider of mechanical, electrical, plumbing, controls,
Online retailer of refurbished smartphones Swappie has raised $40m in a series-B round from existing investors Tesi, Lifeline Ventures, Reaktor Ventures and Inventure.
TSG Consumer Partners (TSG) has promoted Erik Johnson and Ed Wong to managing director. Both Mr. Johnson and Mr. Wong are based in New York. “Erik and Ed have been an integral part of our
In this round-up, China’s central government pushes ahead with reform, both the consumer price index and the producer price index were weaker than expected in May, and aviation activity and car sales warm up.
Brynwood Partners has formed Buitoni Food Company to acquire the North American Buitoni business from Nestlé at an enterprise value of $115 million. Buitoni is a national brand in the refrigerated pasta, sauces, and cheese
Trinity Hunt Partners has acquired Juris Medicus, a provider of medical expert sourcing and case management services. San Antonio-headquartered Juris Medicus was founded in 2011 by its CEO, Dr. Gilbert Meadows, and provides services to
Highland Capital Partners Europe has backed a €21m series-C funding round for France-based retail supplier platform Alkemics, along with existing investors Cathay Capital, Index Ventures, SEB and Serena Capital.
Bridgepoint portfolio company Fat Face, a clothing retailer, is expected to be taken over by its lenders, according to a report by Sky News.
Italy’s ministry of economy and finance has announced a new government bond which will be reserved exclusively for retail investors, with the proceeds to fund the measures launched by the government to deal with the
Italy is launching a new retail product, the BTP Futura, turning to its impressive stock of domestic savings to help finance its recovery. It’s an excellent move, and could be even more valuable to Italy’s
Cortec Group has sold its remaining equity interest in YETI, a designer and marketer of ice chests and coolers. Cortec acquired YETI in partnership with the company’s founders, Roy and Ryan Seiders, in June 2012.
