Consumer
NorthEdge sells Belfield Group's Usleep
Mattress producer is to be acquired by Vita Group, a portfolio company of Strategic Value Partners
La Doria confirms take-private talks with Investindustrial
La Doria has a market cap of EUR 600m and posted revenues of EUR 423.8m in H1 2021
EQT joins H&F in Zooplus race with EUR 3.36bn bid
EQT's offer surpasses Hellman & Friedman's EUR 3.29bn bid submitted earlier in September
Goldman Sachs, Silverfern put Continental Bakeries on market
Goldman Sachs Merchant Banking Division and Silverfern acquired Continental Bakeries in 2016
European sports get lifeline from PE funds
European sports teams are diving into the hands of financial sponsors, inspiring an unprecedented run of form for M&A in the space
PAI eyeing EUR 2bn Asmodee sale – report
PAI Partners is said to have mandated Goldman Sachs and Natixis to organise the sale
Sorare raises USD 680m Series B led by Softbank
Round follows a USD 50m Series A and gives Sorare a post-money valuation of USD 4.3bn
Egeria sells Dutch Bakery to 3i
SBO of the Netherlands-based home-bake and snack products producer ends a four-year holding period
CVC acquires Inflexion-backed Medivet in GBP 1bn deal
Inflexion took a minority stake in the veterinary care provider in December 2016
KKR drops out of Zooplus race
Hellman & Friedman increased its take-private offer to EUR 3.29bn earlier this week
Langholm winds up remaining assets in Verdane sale
Sale of WoolOvers, Purity Soft Drinks and Lumene sees Langholm wind up its remaining assets
Carlyle revives USD 1.2bn Hunkemoller sale – report
Initial plans to sell the asset were delayed by the pandemic, Reuters reports
Valuations rising as food & beverage whets PE's appetite
Within the space of a year, average pricing in the space has increased by 2.2 turns of EBITDA, research by Clearwater and Unquote shows
H&F increases Zooplus take-private offer
Increase from EUR 3bn to EUR 3.29bn follows competing takeover interest from EQT and KKR
KKR, Bain among suitors for Unilever's tea business
Cinven, Blackstone, Apollo, CD&R and CVC are among the other sponsors considering bids
Astorg, Goldman Sachs to sell HRA Pharma for EUR 1.8bn
Astorg and Goldman Sachs acquired the French asset for EUR 300m-500m in 2016
Risk Capital Partners leads GAK management buyout
Brighton-based musical instruments retailer GAK was founded in 1992 by vendor Gary Marshall
Apax, Warburg team up for EUR 5.1bn T-Mobile Netherlands deal
Deal values the Dutch telecoms operator at 8.7x its last-12-month adjusted EBITDA
PAI buys European Camping Group from Carlyle et al.
SBO reportedly values the camping holiday site operator in the EUR 700m-730m range
Morrisons suitor Fortress could take its time to respond to CD&R bid
CD&R's 285 pence bid pipped Fortress's earlier offer, leading Morrisons' board to switch its recommendation
Ardian exits Berlin Brands stake to Bain
Ardian acquired a 40% stake in the e-commerce group in 2015; it is now valued at more than USD 1bn
Palatine exits Verdant Leisure for 3.7x money
Palatine acquired the UK-based holiday park operator in a GBP 40m SBO from RJD Partners in 2016
Fidelium to acquire Benteler's Tønder and Louviers plants
Fidelium intends to establish the aluminum auto parts plants as an independent entity
Multiples Heatmap: PE continues to pay ever more for assets
Deal multiples record a fifth consecutive quarterly increases to reach 11.8x in the second quarter of 2021