West Lane Capital bought a majority stake in Non-Food Marketing Group, which distributes general merchandise from vendors to supermarket chains, drug stores, grocery and convenience stores, writes Karishma Vanjani on PE Hub.
West Lane invested out of its debut fund. The PE firm aims to increase NFM’s vendor list and reorganize its sales team, while also capitalizing on its wide distribution channel to accelerate the growth for another brand in its portfolio, Blossom Beauty – a developer and distributor of specialty cosmetic products, Karishma writes. Read the story here on PE Hub.
Thoma Bravo hired ex-Goldman Sachs partner Oliver Thym to lead the firm’s credit platform, which has invested or committed $3.5 billion across 48 issuers since Thoma Bravo launched its credit group in 2017. Thym will lead the firm’s credit funds and strategic debt investments. Read more here on PE Hub.
Chris Lawler and Chris Collins, two former executives at Golden Gate Capital, formed their own firm called Percheron Capital earlier this year. They plan to hit the market with their debut fund in early 2021 for investments on essential services businesses in healthcare and automotives, food and beverage and education. Read more here on Buyouts.
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