Deals
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 and baked on-site daily with high quality ingredients and proprietary formulations distributed by its in-house facilities. Nothing Bundt Cakes currently has nearly 400 locations in the US. and Canada. The Company was founded in 1997 and is headquartered in Addison, Texas.
Matthew Frankel, Managing Partner of LLCP, says: “Kyle Smith
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 in India, scaling its growing operations overseas, and enhancing its digital offerings to augment customers’ virtual and omni-store experience.
As part of the transaction, existing investors TPG Growth and TR Capital, who first invested in Lenskart in late 2014, will each divest a portion of their holding in the Company.
ilumoni, a start-up app that aims to help people to borrow well, has raised GBP1.2 million in an over-subscribed seed funding round after successfully launching in Beta earlier this year.
The purpose-led, AI-driven fintech had previously raised GBP455,000 in pre-seed funding, which saw the initial build of the first version of the app. The app went on to receive full FCA authorisation in January of 2021 and has already attracted its first beta users.
The free to use app helps people to understand and manage their borrowing better. ilumoni delivers rich, personal insights into how users borrow and repay,
By Wojciech Jezierski, partner, Abris Capital Partners – Why succession buyouts are a strong opportunity in Central and Eastern Europe at the moment, and why private equity is the ideal partner for the region’s SMEs, in the words of Wojciech Jezierski, partner at Abris Capital Partners.
In Central and Eastern Europe, it was not possible to start private businesses until 1989, after the freeing up of the economy. Therefore, in most cases the entrepreneurs we see today who are selling businesses are first generation: they established their businesses in the early 1990s and today, these are well-established companies – often industry
Graphic Packaging Holding Company, (Graphic Packaging), a vertically-integrated provider of sustainable fibre-based consumer packaging solutions, is to acquire AR Packaging Group AB (AR Packaging), Europe’s second largest producer of fibre-based consumer packaging, from CVC Capital Partners Fund VI for approximately USD1.45 billion in cash, subject to customary adjustments.
The combination enhances Graphic Packaging’s global scale, innovation capabilities, and value proposition for customers throughout Europe and bordering regions. With a broad set of industry-leading packaging solutions, design expertise, and expanded geographic reach, the combined company will be uniquely positioned to capture continued organic growth opportunities across existing and new global customers
Genstar Capital, a private equity firm focused on investments in targeted segments of the financial services, healthcare, industrials, and software industries, is to acquire a majority ownership stake in Vector Solutions (Vector), a provider of industry-focused software solutions for training, risk management, workforce management and operational readiness.
Genstar is acquiring Vector from Golden Gate Capital, a leading private equity investment firm, which will remain a significant shareholder in the business. The transaction is expected to close in the next 45 days.
Vector is the leading provider of intelligent and industry-focused SaaS solutions that connect information and technology to deliver
Guru Capital is to acquire substantially all the assets of UK based Fintech company Oval Money Ltd, which will be acquired by and integrated into the UK based online CFD Broker ETX Capital, a Guru Capital portfolio company.
In addition, Guru Capital is in the process of negotiating the acquisition by an associated fund of 100 per cent of the shares of Oval Money Ltd’s Spanish regulated investment firm subsidiary, Oval Marketplace AV, SL.
These acquisitions support ETX’s and Oval’s shared mission of making a wide range of financial services and products accessible and affordable to everyone. The combination
International law firm RPC has advised Optio Group – a speciality insurance MGA – on its acquisition of nuclear risk specialist Northcourt.
Northcourt – which launched in 2010 – is licensed to underwrite nuclear property and liability risks globally and has clients in Europe, Russia, China, South Africa and Canada, and elsewhere across the world. The executive management team and staff will all remain with the business.
RPC Partner James Mee led the RPC team on behalf of Optio. “We were very pleased to be asked to support on what is a strategically very significant deal for Optio,” he says.
Rarebreed Veterinary Partners (Rarebreed), a technology-enabled veterinary services platform, has closed a new round of financing, led by existing investors Halle Capital Management and Trilantic North America, both leading private equity firms.
The investment will be used to support Rarebreed’s continued growth through the acquisition of additional veterinary hospitals and enhancements to the services it provides to the healthcare teams within its network.
Rarebreed partners with veterinary clinics to deliver best-in-class tools and solutions that enable employees to focus on providing the highest quality patient care. Established in 2018, the Company currently employs 800 people across 33 clinics in
MasterClass, a streaming platform that makes it possible for anyone to ‘learn from the best’, has raised USD225 million in a Series F funding round, led by Fidelity Management & Research Company and with participation from new investors including Baillie Gifford, Balyasny Asset Management and Eldridge together with existing investors IVP, Javelin, NEA and Owl Ventures.
The Series F financing follows a USD100 million Series E round that MasterClass closed a year ago, bringing its total funding to date to more than USD475 million. The latest capital will further advance the company’s strategic initiatives including:
Increased content production: Over the
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12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
