James Briggs said on Tuesday that it has been acquired by its management team in a transaction backed by Endless LLP. No financial terms were disclosed. Also, Jim Sumner joins James Briggs as executive chairman. Based in the UK, James Briggs is a provider of aerosols and specialty chemicals.
Arbor Investments, a Chicago-based private equity firm that focuses on the food and beverage industry, said on Tuesday that it has acquired The New French Bakery. No financial terms were disclosed. Headquartered in Minneapolis, The New French Bakery is a producer and distributor of fresh artisan breads.
Partners Group said on Tuesday that it acquired a majority stake in CSS Corp in a $270 million transaction. CSS Corp is a provider of global information and technology services.
Oxford Resource Partners said on Tuesday that it has closed $175 million in new credit facilities. Cerberus Capital Management provided a first lien $75 million term loan and $25 million revolving credit facility while Tennenbaum Capital Partners arranged a second lien $75 million term loan. Evercore Partners served as financial advisor. Headquartered in Columbus, Ohio, Oxford Resource Partners is a producer of steam coal in Northern Appalachia and the Illinois Basin.
Medivir AB has agreed to sell Cross Pharma AB to Unimedic AB, a subsidiary of MedCap AB. The consideration is 125 MSEK on a cash and debt free basis. MedCap is a Nordic listed private equity player.
Shore Points Capital and Greyrock Capital Group have invested in Colyar Consulting Group. Financial terms were not announced.Phoenix-based Colyar Consulting provides software solutions to state governments in support of United States Department of Agriculture Child Nutrition and related Food Distribution Programs.
Club Mediterranee's board accepted an improved offer from two top shareholders that plan to take over the French holiday firm and accelerate its shift to fast-growing markets, writes Reuters. Chinese investor Fosun International and AXA Private Equity, which have teamed up with management, raised their bid to 17.50 euros a share from a previous offer of 17 euros that had left some shareholders unhappy, writes Reuters.
Partners Group has acquired a majority stake in CSS Corp in a $270 million transaction. CSS Corp is a global technology support services business and provides a range of services, including mobility solutions, cloud enablement, technical support and remote infrastructure management.
Cerberus Capital Management LP failed in its push for a management shakeup at Japan's Seibu Holdings on Tuesday, prompting the U.S. private equity giant to hit out at the conglomerate for snubbing foreign investors, Reuters reported.
Insight Venture Partners has invested in Kaseya. Financial terms weren't announced. Kaseya, of Switzterland, provides IT Service Management software services.