Reuters – Blackstone, Lion Capital to bid for GSK’s Lucozade, Ribena

Private equity firms Blackstone and Lion Capital have teamed up to make a formal bid worth more than a billion pounds for Lucozade and Ribena, the two soft drink brands put up for sale by drugmaker GlaxoSmithKline, Sky News reported on Sunday, writes Reuters. Last month, GSK said it had appointed JPMorgan and Greenhill to advise it on the sale.

Reuters – Montagu Sells GHD to Lion Capital

Montagu Private Equity has sold the ghd hair styling brand to Lion Capital, with two sources close to the deal putting the purchase price at nearly 300 million pounds ($475.10 million), writes Reuters. The private equity groups released a joint statement announcing the transaction but did not disclose the terms.

CIT Provides Financing to John Varvatos Enterprises

Publicly traded financial lender CIT Group is providing a senior secured asset-based credit facility to retailer John Varvatos Enterprises in conjunction with the company’s acquisition by private equity firm Lion Capital. PRESS RELEASE: CIT Group Inc. (NYSE: CIT – News) cit.com, a leading provider of financing to small businesses and middle market companies, today announced […]

Lion Capital to Acquire European Optical Retailer from Bridgepoint, Apax and Altamir Amboise

Lion Capital is to acquire European optical retailer Alain Afflelou from funds managed by Bridgepoint and Apax Partners France and Altamir Amboise in a secondary buyout transaction. Founded in France in 1972, Alain Afflelou is a European optical franchisor with a network of nearly 1,100 optical retail stores across France, Spain, Portugal, Belgium, Luxembourg, Switzerland, […]

Justice Holdings Makes Move for Weetabix

Billionaire Nicolas Berggruen’s Justice Holdings may make a 1 billion pound ($1.65 billion) offer for breakfast cereal company Weetabix, Reuters reported, citing a story in the Sunday Times. UK-based Weetabix is owned by private equity firm Lion Capital, which bought it for 642 million pounds in 2003, Reuters wrote.

PE-backed Findus Mulls Fundraising

Findus, a food group owned by buyout firm Lion Capital, has approached its lending syndicate of banks to discuss funding expanding the business, Reuters reported. Findus did not say how much would raise, although the Sunday Telegraph newspaper previously reported it was looking to raise a 1 billion pound ($1.64 billion) acquisition war chest, Reuters said. Lion Capital bought Findus in 2008.

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Exclusive: Embattled American Apparel Is Exploring a Sale

American Apparel (AMEX: APP) is working with advisor Rothschild to help it explore a potential sale, as the company contends with a falling stock price and the threat of bankruptcy, three sources familiar with the matter told peHUB. American Apparel CEO Dov Charney did not respond to a request for comment. Two of the sources […]

Duke Street Buys Wagamama Noodle Chain

London-based private equity firm Duke Street will pay roughly 215 million pounds ($349 million) for Japanese noodle chain Wagamama, buying the company from rival buyout shop Lion Capital, Reuters reported. Lion Capital took a majority stake in Wagamama in a 2005 deal valued at 102.5 million pounds.

Centre Partners Completes $980 Million Sale of Bumble Bee Foods to Lion Capital

New York-based middle-market firm Centre Partners has completed its sale of Bumble Bee Foods — North America’s biggest supplier of “shelf-stable seafood” to the London-based, consumer-focused PE firm Lion Capital for $980 million. Bumble Bee was founded in 1897. PRESS RELEASE: New York, NY, December 15, 2010—Centre Partners Management LLC (“Centre Partners”) is pleased to […]

Lion Capital To Buy Bumble Bee Foods From Centre Partners

Lion Capital said late Thursday that it has agreed to buy the operating companies of Bumble Bee Foods, which is owned by Centre Partners Management. Financial terms were not announced. The deal is expected to close by year-end, a statement said. San Diego-based Bumble Bee Foods, which supplies shelf-stable seafood, is known for its Bumble Bee tuna and King Oscar Sardines. Centre Partners, with offices in New York and Los Angeles, is a PE firm. London-based Lion Capital is a consumer focused investment firm.

Private equity firms eyeing up Blacks Leisure

Blacks Leisure, a UK retailer of outdoor wear, has had two takeover offers from private equity firms, according to reports, and has appointed advisory firm McQueen for the bidding process. The Daily Telegraph reported that Lion Capital was one of the firms that bid for Blacks. Neither company has confirmed the reports, however.

Lion Capital raises $1.35 billion for third fund

Lion Capital, a London-based private equity firm, has raised about EUR1 billion ($1.35 billion) for its third buyout fund. The overall target is EUR2 billion. Lion has around 40 backers, nearly all of whom were expected to invest in the new fund. Lion’s holdings include breakfast cereal maker Weetabix, noodle bar chain Wagamama, and, a recent acquisition, French frozen food retailer Picard Surgeles.

Lion Capital Agrees To Buy Picard Surgeles

LONDON (Reuters) – BC Partners agreed to sell French frozen-food firm Picard Surgeles to rival Lion Capital, highlighting the keen appetite of private equity firms to strike deals in the recession-resilient food industry. The sale of Picard, which has thrived by persuading France’s fastidious consumers that convenience food can be high-quality, is the country’s biggest […]

Lion Capital Makes Bid for Picard Surgeles

UPDATE: An agreement has been announced LONDON (Reuters) – Lion Capital made a pre-emptive bid over the weekend to buy French convenience-food company Picard Surgeles from rival buyout firm BC Partners, two people familiar with the matter said on Monday. Lion’s offer, which is likely to place an enterprise value of 1.5 billion euros ($1.94 […]

Lion Capital, Permira In Tight Race for Findus

(Reuters) – Lion Capital and Permira are neck and neck in the race to buy Unilever’s (ULVR.L) Italian frozen food unit Findus, people familiar with the matter said, with a winner likely to be announced in the next few weeks. The two private equity firms are expected to place binding bids for Unilever’s last remaining […]

PE-Backed Razor Company May File for Bankruptcy

WILMINGTON, Del./NEW YORK (Reuters) – One of the world’s leading makers of shaving razors may file for bankruptcy as soon as next week, with a plan to sell the company to Swiss bank UBS AG (UBSN.VX), its primary lender, according to sources close to the talks. Privately-held Personna American Safety Razor Co, which was founded […]

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