Deals this week: Curoholdings, BEFORE Brands, Levine Leichtman Capital Partners
Curoholdings, a South Korea-based holding company, will secure an investment of KRW2.03bn ($1.81m) through private placement of shares.
The company will issue 800,000 shares at a price of KRW2,540 ($2.26) per share.
Curoholdings is engaged in coffee distribution, semi-conductor testing equipment, and resource development.
BEFORE Brands has raised $13.1m through a Series A round of funding for the purpose of business expansion.
The funding round was led by Gurnet Point Capital, a private equity and venture capital firm.
BEFORE Brands, is a health and wellness company that produces infant nutritional and dietary supplements.
Levine Leichtman Capital Partners, a private equity firm based in Los Angeles, will acquire Nothing Bundt Cakes in partnership with the management team.
Nothing Bundt Cakes is a franchiser of gourmet bakeries, offering hand-crafted and baked on-site products, including cakes and related merchandise items.
Dena Tripp, the co-founder of the target company, will continue to play an important role in the company and will be a chairperson on the company’s board of directors following the acquisition.
Buderim Group will issue convertible notes to raise A$15m ($11.48m) as per a binding term sheet agreement with Wattle Hill RHC Fund 1 SPV1 Ltd (WHC) and Asia Mark Development Limited (AMD).
According to the terms of the agreement, Buderim will issue 25m notes to WHC and 12.5m notes to AMD at a face value of A$0.40 ($0.3) each. The notes bear a coupon rate of 4.5% a year.
Buderim is a producer and retailer of confectionery ginger and other ginger-based products, while AMD is a business associate of Chinese snack company QiaQia Food, and WHC is a holding vehicle of Wattle Hill RHC Funds.
Image: Curoholdings is a holding company that also operates in coffee distribution segment. Photo: courtesy of Jeff Kubina.