Tag: private equity

Jersey Mike’s Subs, a leading franchisor of fast-casual submarine sandwich stores known for its fresh sliced and fresh grilled subs, announced today it has reached an agreement whereby private equity funds managed by Blackstone – led by Blackstone’s most recent flagship private equity vehicle – will acquire a majority ownership position in Jersey Mike’s.

Sycamore Partners, a private equity firm specializing in consumer, distribution and retail-related investments, today announced that it has acquired Playa Bowls, a rapidly expanding franchise restaurant concept, from Tamarix Equity Partners and other investors.

The acquisition comes on the heels of Subway's three exceptional years of sales growth and positive global net restaurant growth for the first time since 2016.

Dole plc has today announced that it has reached an agreement to sell its 65% equity stake in Progressive Produce LLC to PTF Holdings, LLC, the parent company of Pacific Trellis Fruit, LLC.

The bankruptcy of Prima Wawona, California’s largest stone fruit producer, sent shocks throughout the industry.

Agribusiness owners thinking of selling their company—whether to explore new endeavors or enjoy more leisure time—often look to family members, senior management, or known competitors to acquire a stake in the business. 

The role of private equity—and its impact on mergers and acquisitions (M&A)—continues to evolve.

Back then, it was tech companies and industry disruptors that attracted PE investment. In the years since, we’ve seen a steady increase of PE investment being made in actual produce companies—businesses that grow, ship, package, and deliver fresh fruits and vegetables. 

Merger and acquisition (M&A) activity is common in the business world, though it hasn’t been as prevalent in the fresh fruit and vegetable world—until recently.

Carofin and Carolina Financial Securities are proud to announce the closing of yet another investment in a blueberry farm in the Southeast, building upon last year’s successful raise for a similar farm.