Brentwood Associates will start raising its fifth fund in the next few weeks, seeking $500 [...]Continue
Soft Surroundings has sold a majority stake to Brentwood Associates. Financial terms weren’t announced. The company will continue to be managed by CEO Tom Wilcher and President Robin Sheldon. St. Louis-based Sof Surroundings is a direct marketer and specialty retailer of apparel, accessories, beauty products and home furnishings. PRESS RELEASE Soft Surroundings, a leading direct […]Continue
Riordan Lewis & Haden used a RIDEA partnership to achieve a cash return of more than 10x its investment, while retaining a significant minority stake in one of its healthcare portfolio companies, says PE attorney Chris Manderson.Continue
Brentwood Associates, a consumer-focused private equity investment firm based in Los Angeles, has acquired a majority stake in Sundance Holdings Group. Sundance Catalog, founded by Robert Redford in 1989 and headquartered in Salt Lake City, Utah, is a multi-channel direct marketer and specialty retailer of women’s accessories, jewelry and home furnishings. Selling shareholders, including ACI […]Continue
Brentwood Associates said Tuesday that it has completed its second dividend recap of The Teaching Company Holdings. The deal was financed through a $170 million credit facility. Brentwood, a consumer focused PE firm, said it has realized a return in capital in excess of its original investment. Ares Capital Corp. provided the incremental financing for […]Continue
Private Equity is disorganized in its fight against baseless attacks, says William Barnum, a partner with Brentwood Associates. He also confirms that Brentwood will be fundraising later this year for its fifth fund.Continue
Santa Monica, Calif.-based Veggie Grill has raised $11 million in new equity funding. As part of the deal private equity firm Brentwood Associates also agreed to provide additional funding over the next year-and-a-half. Veggie Grill is a restaurant chain focused on American comfort food.Continue
Consumer-focused private equity firm Brentwood Associates has recapitalized its portfolio company The Teaching Company Holdings Inc. with a $170 million credit facility, the firm said. The financing was provided by the Senior Secured Loan Program, which is jointly managed by Ares Capital Corporation and an affiliate of GE Capital. The recap provides Brentwood a return on its original investment without changing its ownership stake, the firm said in a statement. The Teaching Company is based in Chantilly, Virginia.Continue
After nearly seven years, Olympus Partners has sold K-Mac Holdings, which is the third largest Taco Bell franchisee in the U.S.
Stamford, Conn.-based Olympus Partners, a middle market PE firm, did not reveal financial terms or the buyer. Olympus did sell its majority stake in K-Mac, making an eight time return on its equity investment.
The transaction closed late yesterday, says Paul Rubin, an Olympus partner. He declined to disclose the buyer.Continue
Brentwood Associates has made a “significant investment in Chamilia LLC, a Minneapolis-based maker of personalized jewelry.Continue