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Topix, which is backed by New Mountain Capital, has acquired Newbury Park, California-based ClarityRx, a provider of skincare products. No financial terms were disclosed. Stubbs Alderton & Markiles LLP served as legal advice to ClarityRx on the deal while Lowenstein Sandler LLP did likewise for Topix and New Mountain Capital.
Equity38 LLC has made an investment in TRX, a provider of functional training solutions. No financial terms were disclosed.
Platinum Equity has acquired Pro-Mark, the parent company of irrigation products providers Orbit Irrigation and Hydro-Rain. No financial terms were disclosed.
L Catterton has made an investment in Grupo MYT, a designer and operator of restaurant brands in Mexico. No financial terms were disclosed.
The Carlyle Group has agreed to sell UK-based healthy snack brand Graze to Unilever. No financial terms were disclosed.
Caliber Collision, which is backed by OMERS and Leonard Green & Partners LP and Abra Auto Body Repair of America, a portfolio company of Hellman & Friedman, have closed their previously announced merger. No financial terms were disclosed. The newly combined company will create a collision repair provider. As part of the transaction, Hellman & Freidman LLC is now the majority shareholder of the combined company while OMERS and LGP remain significant minority shareholders.
Bertram Capital has made an investment in Dallas-based Perennials and Sutherland LLC, a maker of 100 percent solution-dyed acrylic performance fabric for indoor and outdoor use and luxury outdoor furniture. No financial terms were disclosed.
Moody's, S&P, credit ratings, bankruptcy, default, private equity, retail
After a rough year, 88 companies, a quarter of them from the retail sector, will look forward to a fresh start. These PE-sponsored companies received distressed ratings. They’re defined as holding credit ratings of B- or lower with a negative outlook from S&P or a corporate-family rating of Caa1 or lower with a negative outlook from […]
S&P, Weakest Links, private equity, default, bankruptcy, Avaya
Nearly six dozen companies have cause for concern as 2018 nears an end, and the honeymoon is over for Clayton, Dubilier & Rice and David’s Bridal. These are private equity-sponsored companies that received distressed ratings, defined as an issuer credit rating of B- or lower with a negative outlook from Standard & Poor’s or a […]
Shannon and Erik Duffy founded Tender Belly in 2010 Encore’s third fund raised $260 mln in 2015 Encore invested in Full Sail Brewing in 2015 Encore Consumer Capital, a consumer-focused PE firm, is adding bacon to its roster of companies, which includes Brownie Brittle, Cece’s Veggie Noodle and Full Sail Brewing. The San Francisco buyout shop has invested […]
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