Consumer
IFF carve-out of Frutarom Savory likely to attract large sponsors
JPMorgan and Lazard will lead on the auction of Austrian food ingredients subsidiary, which could launch as early as June
Quadriga launches Aspire Education auction
Austria-based company joins busy pipeline of DACH education technology sales
Phoenix sells 1000Heads to PE-backed Labelium
Phoenix Equity Partners has sold its stake in UK-based social media data and consultancy firm 1000Heads to France-headquartered Labelium, a portfolio company of Charterhouse Capital Partners.
Aksia and Alcedo in race for ready-meal producer Richetti
Italian company admitted a total of three parties to the second round of its KPMG-led auction
Gramex Drinks sponsors in bilateral talks with strategic suitors
Owners ARX Equity and Structured Capital are evaluating offers against other options for developing the Hungarian soft drinks maker
Progressio exits Save the Duck to L'Occitane bosses
New owners pre-empted sale process for the Italian animal-free clothing brand; deals marks the second exit by Progressio’s Fund III
EMZ exits Ankerkraut to Nestlé for 2x money
Deal marks the first full exit for EMZ Fund 9 and ends a holding period of less than two years
Advent buys IRCA in SBO from Carlyle
Bakery ingredients firm has a reported EV of EUR 1bn and is expected to post 2022 EBITDA of EUR 75m
Ganni sponsor L Catterton appoints Lazard to explore sale
Denmark-headquartered online fashion retailer could come to market in H2 2022, Mergermarket reported
Phoenix exits Forest Holidays for 3x money
Buyer is Sykes Holiday Cottages, a portfolio company of Vitruvian Partners and Livingbridge
H2 Equity exits premium logistics group Cadogan Tate to TSG
US sponsor plans to use acquisitions to expand the London-headquartered company abroad; management will retain minority stake
JamJar closes second fund on GBP 100m
JamJar Fund II is the consumer technology-focused first fund with institutional investor backing
Reckitt Benckiser baby nutrition carve-out likely to attract sponsors
Goldman Sachs is advising on the process for the infant formula maker, which could be valued at GBP 6bn
KSL Capital acquires Pig Hotels
Travel and leisure-focused GP plans to expand the boutique hotel chain across the UK with acquisitions and development
Equistone sells Team ITG to Bridgepoint
GP to rejoin the marketing activation business as minority shareholder via its dedicated Reinvestment Fund
Novum-backed MMC Studios up for sale amid content production boom
Novum Capital bought the Germany-based film and television production company in 2019
Carlyle to sell Hunkemöller to Parcom, Opportunity
GP will exit majority stake in the Dutch lingerie brand and reinvest as minority shareholder
Mirabaud appoints Nouri as partner, plans new Lifestyle fund
GP plans to launch the second fund in its consumer-focused Lifestyle strategy later in 2022
Summa co-invests in Castik-backed TBAuctions
Summa joins as shareholder after financing three Nordics-based bolt-ons for the online auctions platform
EMK Capital gears up for third fund
European mid-market investor held a final close for its predecessor fund in 2020 on EUR 1.5bn
Limerston Capital buys Largo Leisure in first Fund II deal
Deal also marks the new fundтs first closing; GP to seek bolt-ons for the Scotland-based holiday park operator
Boots sale stumbles against limited financing availability
Asda and sponsors Apollo and Sycamore are said to be circling the auction of the Walgreens Boots Alliance-owned business
Permira's Golden Goose in talks with banks over potential New York IPO
Italian high-end sneakers maker started discussing listing with advisers that helped it with a senior secured bond issuance last year
Investcorp sells Dainese to Carlyle in EUR 630m SBO
The motorcycling protective clothing producer's revenues doubled during the investment period