Private Equity

A family office-backed marijuana investment vehicle is raising a fund designed to provide investors with exposure to the burgeoning legal cannabis industry.

Global private equity firm Bain Capital has acquired US retailer Daymon Worldwide and plans to expand its offerings and services across the Asian region, sister publication Private Equity International reported.

San Francisco Equity Partners has acquired a majority stake in Missouri-based Red Monkey Foods, an organic spices and seasonings company.

Sami Khan has joined Rabo Equity Advisors, an India-focused private equity fund sponsored by Rabobank.

Athens, Greece-headquartered Eurodrip has agreed to merge with Rivulis Irrigation of Israel.

Sunrise, a provider of growth capital to food and ag companies, has made a minority investment in Pure Growth Organic, a producer and marketer of a portfolio of affordable organic snacks.

Sun-Capital-owned soup and salad restaurant chain’s sale of assets is designed to bring the company out of a Chapter 11 process it started in October as the company struggled within rising wage costs.

The 10 largest fund closes last year raised $92bn, surpassing the $86bn in 2015 and showing the asset class continues to attract capital in a low-growth environment.

Vestar Capital Partners–owned Roland Foods has secured $125m in a recapitalization led by Harvest Partners SCF.

Canadian private equity firm Fulcrum Capital Partners has provided growth capital out of its $344 million Private Equity Fund V to Vitalus Nutrition, a provider of specialty cream and milk protein ingredients.