PE Tech Report

Retail & Leisure

HIG Capital to acquire Travis Perkins’ UK Plumbing & Heating Business

An affiliate of HIG Capital (HIG) is to acquire Travis Perkins Plc’s Plumbing & Heating business (P&H), one of the UK’s leading plumbing, heating, and bathroom related products specialist merchants.  The divestiture is valued at approximately GBP325 million, and the transaction is expected to be completed within the next three

Pemberton supports Eurazeo’s acquisition of Aroma-Zone

Pemberton, a leading European private debt manager transforming traditional credit markets, backed by one of Europe’s largest insurers, Legal & General Group PLC, is providing financing to support Eurazeo’s proposed investment in Aroma-Zone, an online retailer making and distributing essential oils and natural beauty and wellness products based in Cabrières-d’Avignon,

BlackRock makes equity investment in Grupo Axo

Grupo Axo, a leading Latin American multi-brand retail platform and partner to global fashion brands, has secured an equity investment from funds and accounts managed by BlackRock.  Grupo Axo will leverage the new funds to continue its expansion across Latin America as a premier brand steward and operator, with a

Ankorstore raises USD100m in Series B funding

Ankorstore, a curated marketplace connecting independent brands with local retailers, has raised USD100 million in Series B funding led by Tiger Global and Bain Capital Ventures.  Propelled by strong growth, and just months after its successful Series A fundraise, this round welcomes new investors alongside participation from existing investors Index

Levine Leichtman Capital Partners sells Nothing Bundt Cakes

Levine Leichtman Capital Partners (LLCP), a Los Angeles-based private equity firm, has sold its portfolio company NBC Holdings (Nothing Bundt Cakes) to Roark Capital (Roark). Nothing Bundt Cakes is the market-leading franchisor and operator of gourmet bakeries offering specialty Bundt cakes and retail gift items. The Company’s products are handcrafted

KKR invests USD95m in Lenskart

Global investment firm KKR is to invest USD95 million in Lenskart, an omni-channel eyewear retailer in India, via a secondary stake acquisition. Upon the completion of the transaction, KKR will look to leverage its experience working with leading technology and eyewear companies globally to support Lenskart in expanding its presence

Polaris acquires 51 per cent stake in e-commerce operator Stronger

Polaris has acquired 51 per cent of the fast-growing e-commerce operator, Stronger, a Sweden-based lifestyle brand making activewear for customers in over 100 countries.  Through this partnership, Polaris will now join Stronger’s founders and leadership team, to support the company’s continued growth journey. Since its inception in 2014, Stronger has

BGF exits sustainable ecommerce returns tech platform as it exceeds growth expectations

Growth capital investor, BGF has announced a successful exit from Telford-headquartered ReBOUND, a technology platform which supports retailers — such as ASOS, Gymshark, Missguided, JD Sports and Sweaty Betty — to manage their returns sustainably. BGF backed ReBOUND in October 2018 to accelerate the company’s growth. In this period, annual sales increased

IK Investment Partners to sell Hansen Protection to Survitec Group

IK Investment Partners (IK)’s IK VII Fund has sold its stake in Hansen Protection AS (Hansen Protection) to Survitec Group Ltd (Survitec). Financial terms of the transaction have not been disclosed.   Hansen Protection, with headquarters in Moss, Norway has over 140 years of experience in design and production of

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