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| PitchBook Newsletter | | Private Equity Edition |
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| Powered by the PitchBook Platform. Learn more» | | 573,235 Deals | 35,225 Funds | 22,802 Limited Partners | 29,356 Advisors | |
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Sentinel Capital Partners Unilever to acquire Dollar Shave Club in aggressive $1B play in CSG market Unilever has announced an agreement to buy Dollar Shave Club in an all-cash deal that reportedly values the startup at $1 billion. That’s not a bad price for a company yet to turn a profit, even if it has disrupted an industry dominated for years by a single household name, Gillette.
So, how’d DSC do it? And what's it mean for Unilever?
Read our analysis |
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Recommended Reads New research out of Harvard indicates that the higher percentage of a firm’s carried interest its founding partners take home, the greater the chance a firm’s other senior partners will leave. In essence: Short-term greed is ruining long-term prospects. [Harvard Business School]
A look back at how Dollar Shave Club has disrupted the shaving industry. [Stratechery]
The Democratic and Republican platforms both contain a call to re-instate Glass-Steagall. But does it even matter? [NYT]
Contrary to the belief of many, Henry Kravis thinks Brexit could lead to a wave of private equity activity in Europe. [WSJ] |
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Deals in Play & Announcements
The Jordan Company closes one add-on, announces another
Completed PE Deals
GHO Capital buys Caprion from CGP
Sentinel, LLCP link up on SBO
Quad-C supports Colibri add-on
Europe
Bpifrance takes €95M stake in MédiPôle Partenaires
Egeria exits Den Braven to Arkema for €485M
LDC divests Waterfall Catering
Exit & Liquidity News
Merit, Ancor sell Bakewise to Yamazaki
The Jordan Company closes one add-on, announces another GHO Capital buys Caprion from CGP Sentinel, LLCP link up on SBO Quad-C supports Colibri add-on Bpifrance takes €95M stake in MédiPôle Partenaires Egeria exits Den Braven to Arkema for €485M | Egeria has agreed to sell Den Braven, a manufacturer of adhesives and sealants for construction and insulation, to Arkema (EPA: AKE). Arkema plans to consolidate the company with Bostik, which it acquired for €2.25 billion in 2015. | |
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LDC divests Waterfall Catering | LDC has sold its stake in Waterfall Catering to Elior (PAR: ELIOR). The company provides contract catering services for the British education, care and welfare markets. The sale generates a 2.6x return and an IRR of 81% for LDC, which originally backed the £20 million buyout of Waterfall in 2014. | | LDC PE/Buyout London, U.K. |
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Merit, Ancor sell Bakewise to Yamazaki |
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