The Morning Leverage: Yoga Wear, Fried Chicken and Lingerie
August 9, 2014 by admin
Filed under Latest Lingerie News
Mike Lucas for Dow Jones
From this morning’s LBO Wire:
Littlejohn Co. is making a clean break from Clean Earth. The firm has agreed to sell environmental services company Clean Earth Holdings Inc. to publicly traded Compass Diversified Holdings in a deal valued at $243 million. Littlejohn bought Clean Earth in 2005. Under the firm’s ownership, the company acquired at least two other companies, including a 2011 purchase of Moore Haven, Fla.-based Kleen Soil and a 2012 purchase of Kingsland, Ga.-based Soil Remediation Inc.
More stories available to LBO Wire subscribers: Some private equity firm assess the impact on their businesses from wide-ranging economic sanctions imposed against Russia by the U.S. and European Union…Investcorp sells the assets of SourceMedia Inc., which publishes American Banker and Mergers Acquisitions among other trade magazines, to newly established New York firm Observer Capital…Saxco International, a bottle maker backed by Sterling Group, buys brand packaging designer Square Peg Packaging and Printing LLC.
(LBO Wire is a daily newsletter with comprehensive analysis of all the investments, deals, fundraisings and personnel moves involving private equity firms. For a two-week trial, visit our homepage, scroll to the bottom and click “try for free.”)
Elsewhere on the Web:
Kohlberg Kravis Roberts Co. and CVC Capital Partners are working on a joint bid for Americana Group, a Kuwaiti company that operates restaurant and fast-food franchises including TGI Friday’s Inc., KFC and Pizza Hut in the Middle East and North Africa, Simon Clark and Dan Dunkley report for The Wall Street Journal.
Lululemon Athletica Inc. founder Dennis “Chip” Wilson has agreed to sell half his stake in the yoga-wear maker to Advent International for $845 million in an attempt to resolve a dispute with the company’s board, Suzanne Kapner and Dana Mattioli report for the Journal.
A former partner at ECI Partners who launched a multimillion-pound court case over equity and carried interest that he said he was owed following his departure has withdrawn his claims against the U.K. private equity firm, Alec Macfarlane reports for LBO Wire’s U.K. sister publication Private Equity News (subscription required).
U.K. firm 3i Group has hired Goldman Sachs Group Inc. to run a potential sale of lingerie chain Agent Provocateur, according to the New York Times’ DealBook news service.
Write to Thomas Dunford at thomas.dunford@wsj.com
