Topics: Private Equity

Private Equity Brews Another Big Investment

Private Equity Brews Another Big Investment

TSG Consumer Partners announced it has bought a stake in a UK craft beer company. The deal leaves the US private equity firm with a 22.3% stake in BrewDog, with the brewer already considering an initial public offering.   The deal's finer details   BrewDog started in 2007 when founders James Watt and Martin Dickie began their venture in the [...]

Private Equity Deal Helps Save Jobs

Private Equity Deal Helps Save Jobs

A British heritage retail chain has been rescued by private equity in a last minute pre-pack administration deal. Jones Bootmaker was almost destined to go under until private equity firm Endless was able to make a deal with the retailer’s current private equity owners, Alteri.   The Leeds-based private equity firm had reportedly been talking to the distressed company since [...]

Private Equity Cuddles Up with a Toymaker

Private Equity Cuddles Up with a Toymaker

A private equity-led group has bought one of the biggest independent toymakers on the market. Private equity firm Privet Capital announced its buyout of Vivid Toy Group. The UK-based toymaker is behind big toys such as Moshi Monsters and Care Bears.   The story of the toymaker   Vivid Toy Group started in 1993 by making toys under licence to [...]

Chinese Billionaire After Terra Firma’s Odeon

Chinese Billionaire After Terra Firma’s Odeon

  Private equity firm Terra Firma is looking for a buyer for the Odeon cinema chain. Sunday’s papers reported that its likely buyer might come from China. The historic cinema chain has caught the attention of Wang Jianli, the Chinese business tycoon.   Terra Firma’s Role in Charge of Odeon Terra Firma acquired the cinema chain in 2004. At the [...]

Petco’s Private Equity Owners Turn to Dual-Track Process

Petco’s Private Equity Owners Turn to Dual-Track ...

  One of the terms that currently keeps popping up in private equity news is dual-track process. Many private equity firms are looking at initial public offering (IPO) at the same time as talking with potential bidders in order to exit their investments. The latest firms to do so are TPG Capital and Leonard Green & Partners, as they are [...]

Abraaj Group’s $1.4bn Funds Shows Strength in African Private Equity

Abraaj Group’s $1.4bn Funds Shows Strength in ...

  Abraaj Group announced big news at the start of the week, as it closed its latest private equity fund. The North Africa focused fund managed to raise $375 million in investments. Together with its previous sub-Saharan focused fund, closed in April, Abraaj Group is set to invest nearly $1.4 billion more in the continent.   The Newest Fund   [...]

Private Equity Firms Race to the Finish Line with Homeplus

Private Equity Firms Race to the Finish Line with ...

  Monday marks the deadline for bids for the Tesco South Korean unit, Homeplus. The unit is valued at around $6 billion and a number of big private equity firms are reportedly finalising their bids to snatch the supermarket.   Forming Alliances   Reports on Sunday’s Korean newspapers suggest global private equity firms are creating alliances in order to win [...]

Why Cerberus Won’t Cash Out Yet Despite Albertson’s IPO

Why Cerberus Won’t Cash Out Yet Despite ...

  America’s second largest grocery store chain has announced its plans for initial public offering (IPO). According to the reports, its private equity owner might be on the verge of a huge pay-out, but the firm might not cash out of the venture just yet.   The IPO Plans   The company filed for the IPO after it merged with [...]

How quickly can Apollo finalise the Verallia deal?

How quickly can Apollo finalise the Verallia deal?

Private equity firm Apollo has won the bidding war to enter exclusive talks to buy glassmaker Verallia. The firm has reportedly made an offer which would value Verallia at €2.95 billion. Glassmaker Verallia has entered exclusive talks with private equity firm Apollo Global Management. The private equity firm is hoping to buy Verallia in a deal which would value the [...]

Palatine Private Equity Buys A Cocktail Bar

Palatine Private Equity Buys A Cocktail Bar

Private equity firm Palatine has mixed up its portfolio with a management buyout of a cocktail bar The Alchemist. The bar chain is part of the Living Ventures Group and the most recent deal is Palatine’s second investment in the organisation. The Alchemist buyout was worth £13 million.   A Rising Star The Alchemist has quickly become an iconic venue [...]

Private Equity Firm TPG Buys Majority Stake In Poundworld

Private Equity Firm TPG Buys Majority Stake In ...

The budget retail sector has seen plenty of activity in recent months, especially in the UK. The latest acquisition was announced on Thursday, as private equity firm TPG said it had bought Poundworld. The deal is worth £150 million.   Overnight Multimillionaires The budget retailer was founded in 1974 by Chris Edwards, who set up a simple stall in Wakefield [...]

Apollo-backed Retail Vehicle Eyeing BHS

Apollo-backed Retail Vehicle Eyeing BHS

The Sunday newspapers reported that a private equity backed retail vehicle, Alteri Investors, is set to bid for the high street retailer BHS. BHS owner Sir Philip Green announced in January that the retailer has been receiving plenty of interest from private equity firms and a sale is possible. Now one of Sir Philip’s former advisors is set to launch [...]

Is Dick’s Sporting Goods the Perfect Target for Private Equity?

Is Dick’s Sporting Goods the Perfect Target for ...

Reports at the end of the week showed that the American sports good retailer is holding talks with a number of private equity firms. Many analysts are now viewing the company as the perfect target for private equity and feel the deal could be one of the most anticipated deals of the start of the year.   Reuters published the [...]

Family Aims For PE-Backed Douglas Take-Private

Family Aims For PE-Backed Douglas Take-Private

A large PE deal is unfolding in Germany with Douglas Holding, a fragrance and consumer products retailer. The company announced in a press release that the founding family, including CEO Henning Kreke, is teaming up with buyout firms with the aim of raising its stake in the company, which has a market value of about 1.2 billion euros. The Wall [...]