PE Tech Report

Exits

Sentinel Capital Partners sells Fazoli’s to FAT brands in USD130m deal

Sentinel Capital Partners, a private equity firm that invests in promising midmarket companies, has sold portfolio company Fazoli’s Group to strategic buyer FAT Brands for an enterprise value of USD130 million. Fazoli’s, which specialises in moderately priced Italian food favourites, including freshly prepared pasta, Submarinos sandwiches, and unlimited signature breadsticks,

Deal-making

Littlejohn & Co sells Kaman Distribution Group for USD1.3bn

An affiliate of Littlejohn & Co is to sell Kaman Distribution Group (KDG), a distributor of highly engineered products and provider of related services, to Motion Industries, Inc. (Motion), a subsidiary of Genuine Parts Company (NYSE: GPC), for USD1.3 billion in cash.

PAI Partners to sell Asmodee to Embracer Group

Private Equity firm PAI Partners (PAI) is to sell Asmodee, a leading board game publisher and distributor, to Embracer Group (Embracer), a global public video game company.  The transaction is subject to customary closing conditions, including regulatory merger control clearance and work council consultations. As part of the deal, PAI

Peak Rock Capital sells Pretzels Inc to the Hershey Company

An affiliate of Peak Rock Capital (Peak Rock), a middle-market private investment firm, has closed it sale of snack manufacturer Pretzels, Inc (Pretzels) to The Hershey Company (Hershey). An affiliate of Peak Rock acquired Pretzels in 2018 from the founding families. During Peak Rock’s ownership, Pretzels embarked on a variety

Oakley agrees sale of TechInsights

Oakley Capital Private Equity III is to sell its stake in TechInsights, an information services platform for the microelectronics sector.  The exit will generate a gross return on investment of c18.8x MM and c82 per cent IRR to Fund III. As part of the transaction, Oakley Capital Fund IV (Fund

ZMC to sell ITRenew to Iron Mountain

Iron Mountain Incorporated  is to acquire ITRenew, a portfolio company of ZMC. The transaction is subject to customary closing conditions. ITRenew has established itself as a leading IT Asset Disposition (ITAD) provider serving the global hyperscale segment, focused on maximising the lifetime value of data centre technology through sustainable asset

Northlane Capital Partners sells Discovery Data

Northlane Capital Partners (NCP) has sold its portfolio company Discovery Data Holdings (Discovery) to Institutional Shareholder Services (ISS), a provider of corporate governance and responsible investment solutions, market intelligence, fund services, and events and editorial content for institutional investors and corporations. Discovery Data is a provider of data and information

Atar Capital sells RWS Facility Services to Quest

Atar Capital, a Los Angeles-based global private investment firm, is to sell RWS Facility Services (RWS) to Quest Resource Holding Corporation (Quest), a specialist in environmental waste and recycling services. Financial terms of the deal have not been disclosed. RWS, which was acquired by Atar Capital in September 2017, delivers

Actis exits Nigeria’s market-leading mattress and bedding manufacturer Mouka

Actis has exited its investment in Mouka Limited (Mouka), a Nigerian provider of branded mattresses and bedding products, to Dolidol for a transaction value of around USD70 million. Dolidol, a Moroccan bedding sector specialist, will become a pan-African operator as a result of this transformational acquisition.   The investment in

Kainos Capital sells good2grow to Wind Point Partners

Kainos Capital, a food and consumer-focused private equity firm, has sold its portfolio company good2grow to Wind Point Partners.  Headquartered in Atlanta, Georgia, good2grow is a branded kids’ beverage company that sells clean label, ready-to-drink fruit juice, fortified water and organic flavored milk. Kainos partnered with the business, which was

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