Consumer/Retail

Praesidian Capital has exited its $14 million investment in JD Beauty Co. LLC, a maker of professional quality hair brushes and beauty care accessories. The exit was in conjunction with the sale of JD Beauty to Goody Products Inc. Praesidian’s initial investment supported Topspin’s acquisition of JD Beauty in 2015.

Stir Foods, a portfolio company of Wind Point Partners, said April 2 that it has acquired acquired Van Law Food Products. Financial terms weren’t announced. Van law, of Fullerton, California, is a contract manufacturer and private label maker of custom sauces, dressings and beverage products for CPG, retail and foodservice customers.

MAMBI, a parent company of Happy Planner, a creative lifestyle brand, has secured an undisclosed amount of funding. The investor was Main Post Partners.

Osman Semerci, founder of EMEA Capital, has invested in Little Farm. Financial terms weren’t announced. Little Farm, of London, is a healthy food shop and restaurant chain.

Centre Partners has acquired a majority stake in One World Fitness, owner and operator of fitness clubs under the Planet Fitness banner. No financial terms were disclosed. Marks & Klein LLP provided legal counsel to One World Fitness on the deal while Dechert LLP provided legal counsel to Centre.

Freeman Spogli & Company has acquired Chattanooga, Tennessee-based Five Star, a provider of unattended food and beverage solutions in the Southeast. No financial terms were disclosed.

The Carlyle Group has agreed to invest in TOKIWA, a Japanese cosmetics company. No financial terms were disclosed. Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. is serving as financial adviser to Carlyle on the transaction while Nishimura & Asahi is providing legal advice.

Carlyle Global Partners will make a minority investment in TAMKO Building Products Inc, a maker of residential roofing products. No financial terms were disclosed. The deal is expected to close in the second quarter of 2019.

Bain Capital Private Equity has agreed to acquire a majority stake in Maesa, a global beauty brand incubator. No financial terms were disclosed. Financo advised Maesa while Lazard and RBC Capital advised Bain Capital Private Equity.

Bain Capital Private Equity said March 28 that it agreed to buy a majority of Maesa. Financial terms weren’t announced. Maesa, of New York, is a beauty brand incubator for retailers and beauty companies.