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...“The Body Shop is a business many of us grew up with,” Tristan Nagler, a partner at Aurelius, told the Financial Times in an interview....
...KPMG sold the insolvency and restructuring business to private equity group HIG Capital in 2021....
...French private equity group PAI Partners is to buy a majority stake in professional hair products maker Beautynova as it seeks to capitalise on the buoyant beauty market....
...The luxury shoemaker’s controlling shareholder, Italian entrepreneur Diego Della Valle, has teamed up with LVMH-backed private equity group L Catterton to take Tod’s private....
...That partner has now arrived in the form of LVMH-backed private equity firm L Catterton and a deal that will bring down the curtain on Tod’s more than two decades as a public company on the Milan stock exchange...
...The three continuation funds include two managed by the Chinese group Legend Capital and one by US-based L Catterton....
...Natura paid €1bn to acquire the business from L’Oréal in 2017....
...“The restaurant sector is remarkably resilient in terms of customer demand,” said Harry Goss, partner at McWin....
...Brazilian company Natura paid €1bn to acquire the business from L’Oréal in 2017....
...“Previously, older borrowers may have used [mortgages] for home improvement, travel or to help a younger family member get on the property ladder,” said David Hollingworth, associate director at L&C, a mortgage...
...It was bought by French cosmetics giant L’Oréal in 2006 and later acquired for £880mn by Natura in 2017....
...CVC Capital Partners, General Atlantic and L Catterton are among the prominent private equity groups considering going public, the Financial Times has previously reported....
...CVC pumped in an additional €200mn in equity to prevent the retailer’s collapse....
...That all changed last March, when a majority stake was sold to the LVMH-backed private equity firm L Catterton (the terms of the deal were undisclosed)....
...The deal raised almost $1.5bn for the company and L Catterton, its private equity owner. About a third of the proceeds will be used by the company to repay debt, with the rest going to L Catterton....
...“PE compensation is predominantly derived from the P&L of the firm — which is based on the management fee of the fund, and this is locked in for the life of the fund,” said Tom Thackeray, a partner at Heidrick...
...Birkenstock, which traces its roots back to 1774, took private equity money for the first time when L Catterton bought a majority stake in a €4bn deal in 2021....
...Birkenstock’s public debut will raise about $1.5bn, with a third of the proceeds going to the company to repay debt and the rest going to private equity owner L Catterton....
...Fix-and-flip private equity is coming around to the merits of buy and hold....
...Global Infrastructure Partners was different....
...The private equity firm plans to build out the company’s online presence, making it less dependent on sales from its physical stores, Aurelius partner Tristan Nagler said in an interview....
...“We had a lot of good news in recent months, helped by falls in inflation,” said David Hollingworth, associate director at broker L&C Mortgages....
...Take Vista Equity Partners’ recapitalisation of fintech group Finastra, for example....
...He joins from Centerbridge Partners....
...According to Mantra Investment Partners, niche funds have average returns of 38 per cent over the past decade, roughly twice as good as the results of the private equity industry as a whole....
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