Rafael Canton

NewSpring bought Underdog in June and announced its first add-on earlier in November.

Garnett co-founders Matt Perelman and Alex Sloane expect to add more regional chains to Authentic Restaurant Brands in 2024.

'There's a lot of private equity money that is pouring into the franchising space,' said Riverside's Grant Marcks.

'Many franchise businesses are family-owned and still founder-led, and are within industries that we believe have good long-term tailwinds but are very fragmented,' says Orangewood's Alan Goldfarb.

'The packaging and folding carton market has been one of CORE’s thematic verticals due to the sector’s strong underlying industry fundamentals, growth outlook and fragmentation,' said John May.

Audax is planning to countersue H.I.G. after the latter's lawsuit about Mobileum.

'It's fair to assume that we will announce an add-on acquisition within the first six months of 2024,' Kian's Jordan Lee tells PE Hub.

William Blair has been involved in eight deals in consumer packaging this year as an adviser.

Citation founder Tiffany Hagge: 'Cibo Vita is a hybrid between an industrial manufacturer and a staple [consumer packaged goods] company.'

Apollo, Clearlake and Sixth Street are among the private equity firms buying and selling in the wide world of sports.