1
US cakemaker Dessert Holdings is set to be bought by private equity major Bain Capital, marking an exit for fellow buyou
Sorry, you need to subscribe to read this article.
If you would like to access this article you must become a
Premium Subscriber.
Premium subscribers receive complete access to our daily breaking news, premium stories, weekly Fundraising & IR Review, Knowledge Bank and LP profiles - all which are accessible via our mobile platform.
Dunkin Brands Group,
Brakes Group Food Distribution.
Buyer interest in the space could be a sign of deals to come as vaccination rates climb and lure diners back out. With Dealbook pegging the Dessert Holdings sale at $1 billion, the transaction could mark a sizable shift from 2020 food and beverage M&A activity. Last year saw a plurality of deals in the Alcoholic Beverages subsector, according to
Duff & Phelps. Subsectors like bakery and produce with restaurant sales channels registered at 7 and 13 percent of 2020 transactions respectively.
The subsector’s newfound attractiveness might already be seen in the PE-backed deals announced so far this year.
PRN Enters Kentucky Physical Therapy Market
PRA operates three outpatient physical therapy clinics and manages one inpatient care center in the towns of Cynthiana, Paris, Richmond, and Winchester. This acquisition elevates PRN’s nationwide clinic count to 150, across 14 states.
Under this new partnership, PRN will acquire PRA’s three outpatient physical therapy clinics; Harrison Physical Therapy, Paris Physical Therapy and Richmond Physical Therapy and will assume management accountability over PRA’s single inpatient physical therapy care center within the Clark Regional Medical Center, PRN reports in a media release.
“This acquisition, and our entrance into Kentucky, not only represents another significant step in growing PRN’s national footprint as we become the nation’s premier support partner and care provider, but it also gives PRN the chance to build on PRA’s strong heritage through our shared style of quality physical therapy care.”
Physical Rehabilitation Network Acquires Professional Rehabilitation Associates apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.