Ronin brews up craft beverage equipment platform; new shop Citation Capital invests in smart snacking

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Ronin brews up craft beverage equipment platform; new shop Citation Capital invests in smart snacking

Today we have news that Ronin Equity is working to expand its craft brewing equipment platform; new manager Citation Capital is investing in Cibo Vita; and Leonard Green is running a four-asset continuation fund deal.

Morning Hubs! This is Chris, on for Wire Wednesday.

Bevs

Ronin Equity Partners is on the hunt for add-ons after it formed Lotus Beverage Alliance from the merger of six US craft beverage equipment providers in April, writes Michael Schoeck on PE Hub today.

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Smart food

Emerging manager Citation Capital is acquiring a majority stake in Cibo Vita, a founder-led smart snacking company, becoming the company’s first outside investor.

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Multi-asset

Last week we reported on one of the larger GP-led secondary deals in the market, run by Leonard Green & Partners. The firm is seeking to move four assets out of two older funds and into a continuation pool for more time and capital to grow the businesses. Read more here on Buyouts.

That’s it for me! Have a great Wednesday. Reach me with tips n’ gossip, feedback or book recommendations at [email protected] or find me on LinkedIn.

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