Olivia's Feed
Jul 10, 2015

Barclays may not pick new CEO until spring 2016

LONDON/NEW YORK (Reuters) – British bank Barclays (BARC.L: Quote, Profile, Research, Stock Buzz) may not pick its next chief executive until early next year, potentially leaving new Chairman John McFarlane in charge for at least eight months.

McFarlane fired CEO Antony Jenkins on Wednesday and said he was in no rush to name a successor and will conduct a global search of internal and external candidates.

Jul 8, 2015

ConAgra turns to Centerview again for advice on Ralcorp: sources

By Lauren Hirsch and Olivia Oran

(Reuters) – ConAgra Foods Inc (CAG.N: Quote, Profile, Research, Stock Buzz) has hired Centerview Partners to explore a sale of its private label unit Ralcorp, just two years after it acquired the troubled business with advice from the same investment bank, people familiar with the matter said.

The maker of Chef Boyardee and Slim Jim snacks, which last month announced it would exit its private label food business, also has hired Goldman Sachs Group Inc (GS.N: Quote, Profile, Research, Stock Buzz) to provide additional advice on the sale, the people said this week.

Jul 7, 2015

Exclusive: Twinkies maker Hostess Brands shelves sale for IPO – sources

By Olivia Oran and Greg Roumeliotis

(Reuters) – Hostess Brands LLC, the U.S. bakery company whose snack cake brands include Twinkies and Ding Dongs, has pulled itself from the auction block and will instead pursue an initial public offering (IPO), according to people familiar with the matter.

The move underscores the growth prospects of Hostess as well as its quick turnaround. In 2013 the Kansas City, Missouri-based company was picked up from bankruptcy by private equity firm Apollo Global Management LLC (APO.N: Quote, Profile, Research, Stock Buzz) and consumer industry investor C. Dean Metropoulos for $410 million.

Jul 7, 2015

Twinkies maker Hostess Brands shelves sale for IPO-sources

July 7 (Reuters) – Hostess Brands LLC, the U.S. bakery
company whose snack cake brands include Twinkies and Ding Dongs,
has pulled itself from the auction block and will instead pursue
an initial public offering (IPO), according to people familiar
with the matter.

The move underscores the growth prospects of Hostess as well
as its quick turnaround. In 2013 the Kansas City, Missouri-based
company was picked up from bankruptcy by private equity firm
Apollo Global Management LLC and consumer industry
investor C. Dean Metropoulos for $410 million.

Jun 30, 2015

Exclusive: Centerbridge in talks to buy KIK Custom Products – sources

By Greg Roumeliotis and Olivia Oran

(Reuters) – Private equity firm Centerbridge Partners LP is in advanced talks to acquire household cleaning and personal care products maker KIK Custom Products Inc for around $1.6 billion, including debt, according to people familiar with the matter.

Centerbridge has so far outbid other private equity firms in the auction for KIK, though negotiations are continuing and it remains uncertain whether it can reach an agreement with KIK’s owner, buyout firm CI Capital Partners LLC, the people said this week. CI may decide to sell KIK to another bidder or hold on to the company, the people added.

Jun 23, 2015

Plus-sized retailer FullBeauty seeks sale or IPO -sources

June 23 (Reuters) – FullBeauty Brands Inc is exploring a
sale or an initial public offering that could value the
privately held plus-sized women’s and men’s fashion retailer at
more than $1.5 billion, including debt, according to people
familiar with the matter.

A potential sale comes as investors are looking to
capitalize on the roughly $17.5 billion market for plus-size
fashion in the United States that remains largely underserved by
mainstream retailers, according to market research firm the NPD
Group.

Jun 23, 2015

SoulCycle taps banks for 2015 IPO

By Olivia Oran

(Reuters) – Indoor cycling fitness chain SoulCycle Holdings LLC has hired investment banks for a U.S. initial public offering expected to come later this year, according to people familiar with the matter.

SoulCycle’s IPO preparations underscore the growing popularity of boutique chains that cater to specific workout methods such as spinning, yoga and barre. The chains, which often charge per class rather than a monthly membership fee, have been taking market share from traditional big-box gyms.

Jun 23, 2015

Exclusive – Charterhouse eyes possible $1.1 billion sale of medical company Tunstall: source

LONDON/NEW YORK (Reuters) – British private equity firm Charterhouse [CHCAP.UL] is working with JP Morgan (JPM.N: Quote, Profile, Research) on options for healthcare company Tunstall, in a deal which could value the company at up to 700 million pounds ($1.1 billion), a source familiar with the matter said on Tuesday.

Tunstall provides care services and assisted living for elderly and disabled people at home, with devices like alerting systems and monitoring technology.

Jun 23, 2015

Exclusive: Charterhouse eyes possible $1.1 billion sale of UK medical company Tunstall

LONDON/NEW YORK (Reuters) – British private equity firm Charterhouse [CHCAP.UL] is working with JP Morgan (JPM.N: Quote, Profile, Research, Stock Buzz) on options for healthcare company Tunstall, in a deal which could value the company at up to 700 million pounds ($1.1 billion), a source familiar with the matter said on Tuesday.

Tunstall provides care services and assisted living for elderly and disabled people at home, with devices like alerting systems and monitoring technology.

Jun 23, 2015

Charterhouse eyes possible $1.1 bln sale of UK medical company Tunstall – source

LONDON/NEW YORK, June 23 (Reuters) – British private equity
firm Charterhouse is working with JP Morgan
on options for healthcare company Tunstall, in a deal which
could value the company at up to 700 million pounds ($1.1
billion), a source familiar with the matter said on Tuesday.

Tunstall provides care services and assisted living for
elderly and disabled people at home, with devices like alerting
systems and monitoring technology.