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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.
Newstrike Brands said March 28 that it invested $5 million in Green Tank Technologies, of Toronto, which makes cannabis vape hardware and technology.
The Carlyle Group and TA Associates have acquired Weiman from Cortec Group. No financial terms were disclosed. Robert W. Baird & Co. and Duff & Phelps Securities LLC served as financial advisers to Weiman while Sawaya Partners LLC did likewise for Carlyle and TA Associates on this transaction. Based in Gurnee, Illinois, Weiman is provider of specialty cleaning products.
Bessemer Investment Partners LLC said March 27 that it acquired KorMex Foods Inc. Financial terms weren’t announced. MAS Restaurant Group LLC, the Bessemer platform that owns the KorMex assets, operates 73 Taco Bell restaurants, including two co-branded KFC and six co-branded Pizza Hut Express locations, in Houston and surrounding markets.
Carlyle Group said March 25 that it completed a tender offer to buy a 49 percent stake in Orion Breweries while Nomura Capital Partners Co Ltd will own a 51 percent stake. Orion Breweries, of Japan, produces and distributes alcoholic beverages and soft drinks. Its main product is the Orion beer brand.
Ferrero and Hostess Brands are lead contenders to buy Kellogg’s Keebler, Famous Amos and fruit snacks business, CNBC is reporting. A sale could value the brands at $1.5 billion, the story said.
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