Allocations
Mid-market private equity firm Graphite Capital has sold its investment in Corbin & King, a London-based restaurant group.
The sale forms part of a wider transaction in which Minor Hotels, one of the largest hospitality and leisure groups in the Asia-Pacific region, took a majority interest in the group. Minor is best known as the operator of Anantara hotels.
In 2012 Graphite provided development finance to fund the company’s expansion. At the time Corbin & King operated two restaurants: the Wolseley which had been open since 2003 and the recently opened Delaunay. Both have continued to grow strongly. Subsequently
Palatine Private Equity has invested in ZyroFisher, a cycling parts and accessories distributor, alongside mid-market private equity investor LDC.
ZyroFisher was originally formed in April 2016, when LDC backed the management buyout of Zyro and supported the simultaneous acquisition of Fisher Outdoor Leisure. Based in Darlington, the business supplies major retailers such as Wiggle, Halfords and Evans as well as over 2,000 independents, providing a route to market for dozens of specialist brands with best in class sales, marketing, distribution and customer services support.
Over the past 18 months, the team has successfully integrated the two separate companies and
alphabroder, a North American distributor of imprintable sportswear and accessories and portfolio company of Littlejohn & Co, has closed its acquisition of Prime Line, a manufacturer and supplier of promotional products for more than three decades.
Since its founding in 1980, Prime Line has introduced many innovative products and services and today offers more than 1700 products across 16 categories. It features exclusive brands such as MopToppers, Leeman New York, Rubik’s® and BUILT as well as numerous product collections. In 2016, it acquired Jetline, which was rebranded as Prime Line’s value line. Source Abroad by Prime is the company’s custom
Private equity firm Sentinel Capital Partners has acquired Captain D’s, the franchisor and operator of 530 Captain D’s restaurants in 21 US states. Terms of the transaction have not been disclosed.
The Captain D’s system consists of 227 franchised and 303 company-owned locations with established strongholds in the American Southeast and Midwest. Captain D’s is the nation’s leading restaurant operator in the underpenetrated quick service restaurant (“QSR”) seafood sector. With Captain D’s seafood menu based on ocean-caught fish and a beach-themed dining format, it is uniquely positioned in the QSR market, a sub category that has outgrown the broader restaurant
Unilever has received a binding offer from KKR to purchase its global Spreads business for EUR6.825 billion on a cash-free, debt-free basis.
Paul Polman, CEO of Unilever, says: “In April of this year we set out our 2020 programme to accelerate sustainable value creation. After a long history in Unilever we decided that the future of the Spreads business would lie outside the Group. The announcement today marks a further step in reshaping and sharpening our portfolio for long term growth. The consideration recognises the market leading brands and the improved momentum we have achieved. I am confident that under
Egeria has held the first and final closing of the Egeria Private Equity Fund V, having raised EUR800 million in capital commitments in a record time of just six weeks.
The fund is the largest private equity fund in Egeria’s twenty-year history.
The capital for Private Equity Fund V has been raised from predominantly fifteen institutional investors and fund-of-fund-managers Western Europe and North America. Business Development & Investor Relations Director Barbara Glaser says: “Both existing and new investors showed great interest in this fund. This is a confirmation of their trust in Egeria and in our approach to focus
Maven Capital Partners (Maven), one of the UK’s most active private equity houses, has led a GBP1.8 million investment into Curo Compensation Limited (Curo) to support the continued growth of the business. Maven is providing GBP1.2 million of development capital alongside further investment from Curo’s existing investors Downing and Scottish Investment Bank.
Curo has developed a highly configurable and scalable compensation management software solution called CuroComp, which enables customers to manage their pay review cycle quickly and securely, in accordance with agreed, and often complex, compensation plans. The company has an impressive client list and CuroComp is currently used to
Independent investment bank Zeus Capital has acted as nominated adviser (NOMAD) and sole broker to Sumo Group, as the independent game developer announces its GBP145 million AIM IPO.
The transaction saw strong support from institutional investors, including two successful share placings undertaken by Manchester-based Zeus, raising a combined total of GBP78 million.
Sumo Group is one the UK’s largest providers of creative and development services to the video games and entertainment industries and has previously provided co-development solutions to global developers and publishers including Microsoft, Sony, Sega and IO Interactive. Founded in 2003, the business employs more than 450
The UK’s third largest bakery chain, Coopland & Son, has received an investment of GBP8.5m from BGF to accelerate the rollout of its shops across the north of England.
From its three bakeries in Scarborough, Durham and Hull, the company delivers traditionally-made, high-quality produce including breads, sandwiches, pies, pasties and cakes to more than 140 Cooplands shops, 11 cafes and 28 sandwich vans. Cooplands retail outlets are typically located in busy shopping parades and high-streets across Yorkshire, Lincolnshire and the North East.
Founded in 1885, the fourth-generation business has been led by managing director Paul Coopland since 1985. Cooplands
Agilitas-backed Relita, the Swedish division of Recover Nordic group, a provider of damage control, emergency response and environmental services, has agreed to acquire Betongborrargruppen i Mälardalen AB (BBG), a company specialising in specialist demolition and remediation of concrete for real estate projects in Sweden.
Financial details of the deal have not been disclosed.
BBG was founded in 1997 undertaking projects for mainly larger Swedish construction and real estate companies. The company is one of the leaders in its sector and operates primarily in Mälardalen (with offices in Stockholm, Uppsala and Kungsör) and has headquarters in Veddesta. After the acquisition,
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