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Private equity firm North Castle Partners is to acquire Jenny Craig, an iconic brand in the weight loss industry, from Nestle.
The terms of the investment, which is expected to close later this month, have not been disclosed.
"We are very excited to bring Jenny Craig into the North Castle family and to continue its 30-year tradition of providing consumers with dedicated one-on-one coaching and great tasting, clinically proven food to support their weight loss goals. As a firm focused exclusively on consumer businesses that promote health, wellness, and active living, we were able to draw upon substantial experience from
AllianceBernstein has launched a digital education campaign to equip financial advisors with the right tools to help their clients navigate the growing liquid alternative investments category.
The cornerstone of AllianceBernstein's education initiative is an interactive website designed to demystify the array of liquid alternative strategies available to retail investors, illustrate how they might fit into diversified portfolios, and explain how they may be used to either mitigate risk or enhance returns.
The site also features a 12-question challenge called "Bring your 'A' Game" that assesses one's knowledge of liquid alternative investments and is designed to guide advisors in helping
Babson Capital Europe has completed a mezzanine investment in Busy Bees, the largest UK nursery chain.
The childcare company has been acquired by Teachers’ Private Capital, the private equity division of Ontario Teachers’ Pension Plan. The total debt package includes a mezzanine facility co-arranged by Babson Capital Europe.
Established in 1983, Midlands-based Busy Bees is the largest children’s nursery daycare provider in the UK. The business has grown both organically and via acquisitions, and currently operates 213 nurseries, where its 7,000 staff look after some 19,500 children on a daily basis.
The management team is led by chief
Azad Zangana (pictured), European Economist, Schroders, comments on the ECB’s surprise cut in interest rates…
The European Central Bank has surprised the market by cutting the main interest rate from 0.50% to 0.25%. The cut appears to be in reaction to the early estimate of annual inflation for October, which was much lower than expected at 0.7%.
While leading indicators suggest the Eurozone economy is recovering, the ECB is clearly concerned about the recent strength of the Euro, and the way it has lowered import prices and local inflation.
The problem of low inflation and higher loan interest rates to
Credit Suisse is to spin off the DLJ Investment Partners business (DLJIP), including the existing investment team led by Igor DaCosta and Charles Harper, to Portfolio Advisors.
Portfolio Advisors, an independent, employee-owned firm that provides tailored private equity, private credit and real estate investment solutions to both institutional and high net worth clients through separately managed accounts and commingled fund-of-funds programmes, will become the new investment manager of DLJ Investment Partners (DLJIP I), DLJ Investment Partners II (DLJIP II), and DLJ Investment Partners III (DLJIP III).
DaCosta (pictured) and Harper will continue to manage the DLJIP funds and all
Bestinvest, the UK wealth manager and online investment service, is to be acquired by a company owned by the Permira funds for an undisclosed sum.
The transaction, which is subject to regulatory approval, is expected to complete in the first quarter of 2014.
Founded in 1986, Bestinvest is a UK private client investment group that provides a broad range of services for private investors whether they choose to make their own decisions or require investment advice, financial planning and investment management.
The UK wealth management industry offers attractive growth dynamics with assets increasing in excess of 10 per
Atlas Holdings has acquired certain operating assets of PDM Bridge, a steel fabricator that produces steel components for the largest and most complex bridge structures.
The acquired assets now operate under a new entity, Veritas Steel. Terms of the transaction were not disclosed.
Headquartered in Chicago, Illinois, Veritas Steel becomes a leader in the steel bridge fabrication industry with extensive experience in fabricating both simple and complex bridge structures. With the acquisition, Veritas Steel will operate three fabrication plants in Eau Claire, Wisconsin, Wausau, Wisconsin and Palatka, Florida.
“We are pleased to announce the formation of Veritas Steel,
Ardian has signed an agreement to invest EUR30m in the CLS Group, a provider of location services, environmental data collection, monitoring and ocean observation.
The existing shareholders – the CNES, the government agency responsible for French space policy in Europe, and Ifremer, the French research institute for exploitation of the sea – retain their stakes, while the minority shareholders sell their holdings in the company.
Ardian will work alongside CLS to strengthen the resources of the group and continue its internal and external expansion. The group’s strategy, which will be supported by Ardian, focuses on innovation as a driver
Emerging markets private equity fund Exhilway Global (EG) is to invest USD1bn in India, and will launch its flagship Exhilway Global Opportunities Fund (EGO) next month.
The fund, which plans to raise over USD2bn from the accredited investors based in US, Canada and UK, will operate under the newly introduced JOBS Act and plans to promote its EGO fund over the internet. EG will shell out USD30m on the digital marketing of the fund.
EGO is the world's first hybrid PE fund, which will give its investors a minimum debt return and an unlimited potential to make money over
Apollo Aviation Group has contracted to purchase 38 aircraft and 11 engines, amounting to USD570m, for its second aviation fund, Sciens Aviation Special Opportunities Investment Fund II (SASOF II).
The purchases approved by SASOF II Investment Committee this year include, but are not limited to, 12 Airbus A320ceo family aircraft and 13 Boeing 737 Next Generation models. Specifically during the third quarter, Apollo Aviation committed to purchase 13 aircraft for approximately USD200m.
“Apollo Aviation is a mid-life aircraft specialist. All but two of the aircraft that we have acquired for SASOF II are in-production models,” says William Hoffman, Apollo Aviation’s chairman.
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