Private equity hungry for consumer deals; Yellow Wood’s Yanagi reveals ChapStick deal motivation

Private equity bets on snacks.

US consumer confidence is at a two-year high, according to some metrics, and private equity looks to be trying to ride that wave with the consumer and retail sector in vogue.

Snack companies are enjoying particular interest – fittingly on Mardi Gras – with Valor Equity Partners-backed Rind Snacks this morning acquiring a granola business and Clayton, Dubilier & Rice wrapping up its acquisition of a snack maker.

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