Rhône Group

{{Short description|Private equity firm}}

{{Use mdy dates|date=June 2022}}

{{Infobox company

| logo = File:Rhone-group-logo.PNG

| name = Rhône Group

| type = Private Ownership

| founder = Robert Agostinelli
Steven Langman

| foundation = {{start date and age|1995}}

| location = International Building
New York, NY, United States

| industry = Private equity

| products = Private equity

| assets = $11 Billion{{cite web|url=https://www.rhonegroup.com/ |title=Official website|website=rhonegroup.com|access-date=26 September 2023}}

| num_employees = 100{{Cite news| url = http://venturebeatprofiles.com/company/profile/rhone-group/ | archive-url = https://web.archive.org/web/20120921142304/http://venturebeatprofiles.com/company/profile/rhone-group | url-status = usurped | archive-date = September 21, 2012 |title= VentureBeat Profiles Rhone Group|publisher=VentureBeat |access-date = May 9, 2015}}

| homepage = [http://www.rhonegroup.com/ rhonegroup.com]|

}}

Rhône Group is a global private equity firm with approximately $11 billion of assets under management,{{citation |url=https://www.theguardian.com/football/2010/mar/14/liverpool-rhone-group-takeover |title=US private-equity group bids to take controlling stake in Liverpool |work=The Guardian |date=14 March 2010 |access-date=2 November 2010 |location=London}} specializing in mergers and acquisitions, leveraged buyouts, recapitalizations, and partnerships with particular focus on European and trans-Atlantic investments.{{Cite news| url = http://www.footballfancast.com/football-blogs/liverpool-takeover|title=Who are the Rhone Group that are reportedly weighing up Liverpool bid? |author= David Tully|publisher=FootballFanCast.com|date = March 19, 2010 }} Rhône also offers financial advisory services, strategic alliances, joint partnerships, and business valuation services.{{Cite news| url = https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=1920714|title=Company Overview of Rhône Group LLC|author= David Goldman|publisher=Bloomberg Business |date = May 10, 2015}} Rhone Group was listed in 2013 to 2014 by Preqin as the 'Most Consistent Performing Private Equity Fund Manager' based on both its multiple and IRR of all 3 funds in the top quartile ranking.{{Cite news| url =https://www.pehub.com/2014/07/report-lists-most-consistently-performing-vcs-and-buyout-firms/ |title= Report lists most consistently performing VCs and buyout firms|author=Joanna Glasner|publisher=PeHUB |date =July 29, 2014}}{{Cite news| url =http://www.pionline.com/article/20140729/INTERACTIVE/140729838/most-consistent-private-equity-buyout-firms-in-2014|title= Most consistent private equity buyout firms in 2014|author= Timothy Pollard|publisher=Pensions & Investments |date =July 29, 2014}}{{Cite news| url = http://postimg.org/image/6nfflked9/full/ |title= Preqin announces the most consistent performing private equit fund managers in 2014|publisher=Preqin |date =July 29, 2014 }}{{Cite news| url = https://blogs.wsj.com/privateequity/2014/07/30/biggest-names-in-private-equity-not-among-most-consistent-performers/|title=Biggest Names in Private Equity Not Among Most Consistent Performers|author= Hillary Canada|publisher=The Wall Street Journal |date =July 30, 2014 }}

Rhône is headquartered at the International Building at Rockefeller Center in New York City,{{Cite news| url = https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=22689|title=Company Overview of Rhone Capital, L.L.C.|publisher=Bloomberg Business |date =May 17, 2015}} with additional offices in London and Paris. Rhône was founded in 1995 by billionaire investors Robert Agostinelli and Steven Langman.{{cite news| url=http://www.timesonline.co.uk/tol/sport/football/premier_league/liverpool/article7061803.ece | location=London | work=The Times | first=Tony | last=Barrett | title=Rhne Group makes offer for stake in Liverpool | date=15 March 2010}}{{dead link|date=September 2024|bot=medic}}{{cbignore|bot=medic}} The pair have been managing Rhône since inception. The company tends to invest in energy, materials, industrials, retailing, consumer staples, healthcare, and financial sectors. The company is a U.S. Securities and Exchange Commission Registered Investment Advisor. Investors include government and private sector pension and retirement funds, charitable foundations, university endowments, insurance companies, family savings and sovereign wealth funds. It focuses primarily on investments in European and trans-Atlantic companies.{{Cite news| url = http://www.empireofthekop.com/2010/03/14/who-are-the-rhone-group/|title= Who are the Rhône Group?|author= Antoine Zammit|publisher=Empire of the Kop |access-date = May 14, 2015}}{{Cite news| url =https://www.bloomberg.com/apps/news?pid=newsarchive&sid=aEi.BgZxOpKg|title= Liverpool May Sell 40% Stake to Rhone Group, News of World Says |author= Grant Smith|publisher=Bloomberg News |date = March 14, 2010}}

{{history of private equity and venture capital}}

London Office

In 2011, Rhône Group moved from their Knightsbridge office to 40 Bruton Street, Mayfair, signing a ten-year lease for the top three floors{{Cite news| url =http://www.h2so.com/news/2011/ |title=H2SO Property Consultants2011|publisher=H2SO Property Consultants |date = 2011}} covering 8,000 square feet, at £105 per sq ft, the then-highest rent achieved in the West End.{{Cite news| url =http://www.freeofficesearch.co.uk/OfficeSpaceNews.asp?NewsID=00000440&monthnameyear=November2010 |title= Rhone Capital Management moves to Bruton Street|author=Julie Tucker|publisher=Free Office Search UK |date =November 8, 2010}}

Funds

  • Rhône Capital Partners Fund I
  • Rhône Capital Partners Fund II
  • Rhône Capital Partners Fund III
  • Rhône Capital Partners Fund IV
  • Rhône Capital Partners Fund V

Investments

=Maxam=

In August 2018, Rhône acquired a 45% stake in MAXAM Corp from Advent International.{{Cite web | url=https://www.mining-journal.com/deals-finance/news/1343741/rhone-capital-to-buy-advent%E2%80%99s-maxam-interest |title = Rhone Capital to buy Advent's Maxam interest|date = 2 August 2018}} Maxam is among the three largest explosives companies in the world. The history of MAXAM Corp dates back to 1872 when Alfred Nobel founded the Sociedad Española de la Pólvora Dinamita in Bilbao, Spain. The company offers high-tech products and services ranging from terra solutions{{buzzword inline|date=October 2019}}, outdoors, defense, and chemicals. Blasting solutions{{buzzword inline|date=October 2019}}, cartridges and gunpowder, and raw materials for the nitro chemical industry are some of its key products.{{Cite web | url=https://pitchbook.com/newsletter/rhone-to-take-over-advents-stake-in-explosives-biz |title = Rhône to take over Advent's stake in explosives biz | PitchBook}} One of their brand's EXPAL specializes in demilitarization by recycling explosives recovered from different sectors such as infrastructures, mining industry, and demolitions. MAXAM generated revenue of over €1.1bn for its fiscal year to 31 March 2018. Rhône invested from its fifth fund which sees Maxam's management group retaining the remaining 55% of the company's shares. MAXAM has in excess of 6,500 employees, more than 50 subsidiaries, 80 industrial units and commercial operations in over 100 countries.{{cite web | url=http://www.maxam.net/en/maxam/who_we_are | title=MAXAM }} The transaction sees Morgan Stanley act as financial advisor to Advent, and Lazard Frères as financial advisor to Rhône.{{Cite web | url=https://realdeals.eu.com/news/2018/08/02/advent-exits-stake-spains-maxam-rhone-capital/ | title=Advent exits stake in Spain's Maxam to Rhône Capital | Real Deals}} Legal advisor to Advent was Uría Menéndez, while Pérez-Llorca and Kirkland & Ellis advised Rhône.

=Fogo de Chão=

In February 2018, Rhône acquired Brazilian steakhouse chain Fogo de Chão for $560 million. Founded in 1979 in Porto Alegre, Rio Grande do Sul, Brazil, it now operates in nearly 50 locations in the U.S., Mexico, Saudi Arabia, UAE and Brazil with plans for over 100 locations worldwide. The price of $15.75 a share was paid in cash, which represents a 25% premium over the restaurant company's closing price on the Nasdaq.{{Cite news | url=https://www.bloomberg.com/news/articles/2018-02-20/fogo-de-chao-to-be-sold-to-rhone-for-562-million-in-cash-deal | title=Fogo de Chao to be Sold to Rhone for $560 Million in Cash | newspaper=Bloomberg.com | date=20 February 2018 }}

=Nestlé Confectionary USA=

In January 2018, Rhône Capital entered a binding offer to acquire Nestlé’s US confectionary business, joining a $2.5 billion race that includes Italy's Ferrero SpA and The Hershey Company. The sale includes established brands such as Butterfinger, Nerds, Laffy Taffy, and Crunch chocolate bars. Nestlé was advised by Goldman Sachs on the sale process.{{Cite news|url=https://www.ft.com/content/824c2eb9-2165-395b-8aa0-ba46ee2c9033|title=Rhône Capital battles Ferrero and Hershey for Nestlé's US candy business|newspaper=Financial Times|date=8 January 2018|last1=Massoudi|first1=Arash}}

=Hudson's Bay Company=

In October 2017, Canada's oldest retailer Hudson's Bay Company agreed to sell its historic Lord & Taylor Building to Rhône Capital and WeWork in a transaction valued at $850 million.{{Cite news|url=https://www.nytimes.com/2017/10/24/business/lord-taylor-wework.html|title=Lord & Taylor Building, Icon of New York Retail, Will Become WeWork Headquarters|last1=de la Merced|first1=Michael J.|date=October 24, 2017|work=The New York Times|access-date=October 11, 2019|last2=Corkery|first2=Michael|language=en-US|issn=0362-4331}}{{cite web|url=https://www.bisnow.com/new-york/news/capital-markets/wework-hudsons-bay-lord-and-taylor-store-fifth-avenue-80692|title=WeWork Buys Storied NYC Building For New HQ In $850M Deal|last=Rothstein|first=Ethan|date=October 24, 2017|website=Bisnow|access-date=October 11, 2019}}{{Cite news|url=https://www.wsj.com/articles/wework-venture-to-buy-lord-taylors-nyc-flagship-store-for-850m-1508847064|title=Lord & Taylor Sells NYC Flagship Store for $850 Million|last=Brown|first=Suzanne Kapner and Eliot|newspaper=Wall Street Journal|date=24 October 2017|language=en-US|access-date=October 11, 2019}} The flagship building has been a presence on Fifth Avenue for more than a century, the 10-story limestone structure opened in 1914, and was named a New York City designated landmark in 2007.{{Cite news|url=https://www.nytimes.com/2003/07/27/realestate/streetscapes-fifth-avenue-38th-street-11-story-brick-limestone-palace-retail.html|title=Streetscapes/Fifth Avenue and 38th Street; An 11-Story Brick and Limestone Palace of Retail|last=Gray|first=Christopher|date=July 27, 2003|work=The New York Times|access-date=October 11, 2019|language=en-US|issn=0362-4331}}

=Santillana=

In September 2017, Spanish media company Prisa confirmed it was in talks over the sale of its Santillana publishing group with Rhône Capital. El Confidencial reported that Rhone was in negotiations to submit an offer of around $1.7 billion for the 75 percent stake Prisa holds in Santillana.{{Cite news|url=https://www.reuters.com/article/prisa-ma-rhone-idUSL8N1LN2KW|title=Spain's Prisa in talks over Santillana sale with Rhone Capital|newspaper=Reuters |date=September 6, 2017|via=www.reuters.com}}

=VistaJet=

In 2017, Rhône invested $150 million cash into VistaJet together with secondary acquisitions, Rhône will have a $200 million stake in VistaJet. This ground breaking investment transaction serves as another key milestone in VistaJet's growth story and a major vote of confidence in the company's strategy and business model, valuing VistaJet's equity on a post-money basis in excess of $2.5 billion. VistaJet was founded by Thomas Flohr in 2004 and is now the second largest private aviation company in the world after NetJets. In 2019, VistaJet acquired JetSmarter, regarded as the Uber of private aviation,{{Cite news | url=https://www.bloomberg.com/news/articles/2019-04-10/vistajet-buys-uber-style-private-jet-booking-service-jetsmarter | title=Vista Global Buys an Uber for Private Jets | newspaper=Bloomberg.com | date=10 April 2019 }} also acquiring XOJET the year prior in order to consolidate its purchase of competitors and lead consolidation in the private jet industry.{{Cite web|url=https://www.cnbc.com/2019/04/10/private-jet-company-vista-global-to-acquire-jetsmarter.html|title = Private jet company Vista Global to acquire JetSmarter, once touted as the Uber of private jets|website = CNBC|date = 10 April 2019}}

=WeWork=

In 2016, Rhône Group partnered with WeWork to raise several hundred million dollars for a real estate investment fund. The partners have already approached New York City landlords about buying properties where the coworking company is a tenant. Fundraising for the vehicle, dubbed WeWork Property Investors, is still ongoing. Buying into its properties would allow the co-working company to benefit from property appreciation it says it creates as a tenant. On March 9, the company filed offering documents for four private equity funds. WeWork Property Investors and WeWork Property Investors Funds A, B and B1 with the U.S. Securities and Exchange Commission. The filings list several WeWork and Rhone Group executives as fund directors.{{cite web| url = https://therealdeal.com/2017/05/05/wework-rhone-group-raise-hundreds-of-millions-for-property-investment-fund/| title = WeWork {{!}} Rhone Group {{!}} WeWork Property Investors| date = 5 May 2017}} In March 2017, Rhône together with WeWork launched a $400 million real estate investment fund. In November, that fund paid $850 million for WeWork's new global headquarters at Lord & Taylor’s flagship on Fifth Avenue in Manhattan.{{cite web| url = https://therealdeal.com/issues_articles/merger-mania/| title = Real Estate M&A {{!}} Brokerage Firm Acquisitions}}

=Zodiac Pool Solutions=

In October 2016, Rhône Group entered into an agreement to acquire Zodiac Pool Solutions from the Carlyle Group including its global pool business and family of premium brands. Financial terms of the agreement were not disclosed.{{cite press release| url = http://www.prnewswire.com/news-releases/rhone-to-acquire-zodiac-and-its-global-pool-business-and-brands-300350319.html| title = Rhône To Acquire Zodiac® And Its Global Pool Business And Brands}}{{cite web |url=http://www.splashmagazine.com.au/2016/10/26/zodiac-pool-solutions-bought-private-equity-firm-rhone-group/ |title=Zodiac Pool Solutions bought by private equity firm Rhône Group - Splash! Magazine |website=www.splashmagazine.com.au |url-status=dead |archive-url=https://web.archive.org/web/20161030084024/http://www.splashmagazine.com.au/2016/10/26/zodiac-pool-solutions-bought-private-equity-firm-rhone-group |archive-date=2016-10-30}}{{Cite web|url=http://www.zodiac.com/en/united-states/news-media/press/2016/rhone-acquires-zodiac|title = RHÔNE TO ACQUIRE ZODIAC AND ITS GLOBAL POOL BUSINESS AND BRANDS | Fluidra USA}} Carlyle was advised on the transaction by Credit Suisse and Allen & Overy LLP. Rhône was advised on the transaction by Morgan Stanley and Sullivan & Cromwell LLP.{{Cite web|url=https://www.carlyle.com/media-room/news-release-archive/carlyle-group-agrees-sell-zodiac-rh%C3%B4ne|title=The Carlyle Group Agrees to Sell Zodiac to Rhône | Carlyle|website=www.carlyle.com}}

=Garda World Corporation=

In February 2016, Rhône Capital agreed to acquire 45% of the outstanding shares of the parent company of Garda World Security Corp.,{{Cite web|url=https://www.garda.com/press-releases|title=Press Releases|website=GardaWorld}} from Apax Partners and certain management stockholders of the business. Garda World Security Corp. a security and cash services provider, was founded in 1995 by Stéphan Crétier and is now the world's largest privately owned security company employing over 85,000 people worldwide.{{Cite web|url=https://www.penews.com/search/PN4075701769|title=Search Results | Private Equity News|website=www.penews.com}}{{cite web |url=http://marketwired.sys-con.com/node/3693641 |title=Rhone Capital to Acquire a Minority Stake in GardaWorld {{!}} Marketwired . |website=marketwired.sys-con.com |url-status=dead |archive-url=https://web.archive.org/web/20160320135828/http://marketwired.sys-con.com/node/3693641 |archive-date=2016-03-20}} In May 2017 Rhone increased its equity holding to 61% completing the purchase of all of Apax's remaining participation in GardaWorld.{{cite web | url=http://www.marketwired.com/press-release/founder-stephan-cretier-rhone-complete-acquisition-apax-ownership-gardaworld-2218831.htm | title=Send Press Releases with GlobeNews Wire | GlobeNewswire }}{{Cite web|url=https://www.pehub.com/2017/05/apax-sells-stake-in-gardaworld-to-rhone-capital-and-stephan-cretier/#|title=Apax sells stake in GardaWorld to Rhône Capital and Stephan Crétier|date=26 May 2017}}

=Scandinavian Tobacco Group=

In November 2014, Scandinavian Tobacco Group, the world's largest manufacturer of cigars and pipe tobacco began talks with firm Rhône Capital about a potential sale of the company for around $2 billion. CVC Capital and Pamplona Capital were also listed as potential bidders. STG is owned by Skandinavisk Holding and Swedish Match and have hired JPMorgan Chase to look at options for the business and explored an initial public offering before deciding on a sale. STG has 10,000 employees in 20 countries and EBITDA of SEK1.2 billion ($201 million) on revenue of SEK5.9 billion for 2013.{{Cite news| url =https://www.bloomberg.com/news/articles/2014-11-28/buyout-firms-said-vie-for-world-s-biggest-cigar-company|title=Buyout Firms Said Vie for World's Biggest Cigar Company|author= Kiel Porter and Manuel Baigorri|publisher=Bloomberg Business |date = November 28, 2014}}{{Cite news| url =https://www.reuters.com/article/swedish-match-ma-stg-idUSL6N0TI3PN20141128|title=Swedish Match in talks with private equity firms to sell STG -Bloomberg|author= Jeremy Gaunt|publisher=Reuters |date =November 28, 2014}}

=GK Holdings, Inc.=

In 2014, Rhône Group acquired Global Knowledge from MidOcean Partners.{{Cite news| url = https://www.pehub.com/2014/11/midocean-to-sell-global-knowledge-to-rhone-capital/ |title=MidOcean to sell Global Knowledge to Rhône Capital|author=Iris Dorbian|publisher=PeHUB |date = November 10, 2014 }} In October 2021 it was announced that Global Knowledge will be bought by Churchill Capital Corp II and will be merged with Skillsoft.{{cite press release| url = https://www.prnewswire.com/news-releases/churchill-capital-corp-ii-announces-agreement-to-acquire-skillsoft-and-global-knowledge-to-create-the-leading-corporate-digital-learning-company-301151059.html?tc=eml_cleartime| title = Churchill Capital Corp II Announces Agreement to Acquire Skillsoft and Global Knowledge to Create the Leading Corporate Digital Learning Company}}

=Elizabeth Arden, Inc.=

In 2014, Rhône Group entered into an agreement with Elizabeth Arden, Inc. (RDEN.O) for a tender offer to acquire up to 30% of the company.{{Cite news| url =https://www.wsj.com/articles/elizabeth-arden-to-evaluate-tender-offer-from-rhone-capital-affiliates-1409158787 |title= Elizabeth Arden to Evaluate Tender Offer From Rhone Capital Affiliates|author=Anna Prior|publisher=The Wall Street Journal |date =August 27, 2014}}{{Cite news| url = http://media.corporate-ir.net/media_files/IROL/98/98237/PressRelease_Q4_14.pdf|title= ELIZABETH ARDEN, INC. ANNOUNCES FISCAL 2014 RESULTS|publisher=Elizabeth Arden, Inc. |date =August 19, 2014}}{{Cite news| url =http://ir.elizabetharden.com/phoenix.zhtml?c=98237&p=irol-newsArticle&ID=1961492&highlight=|title=Elizabeth Arden Announces Intent to Evaluate Tender Offer by Affiliates of Rhône Capital|publisher=Elizabeth Arden, Inc. |date = August 27, 2014}} In June 2016, Elizabeth Arden was acquired by Revlon.{{Cite web|url=https://www.streetinsider.com/Corporate+News/Revlon+%28REV%29+to+Acquire+Elizabeth+Arden+%28RDEN%29+for+%2414Share%3B+Carries+EV+of+%7E%24870M/11748840.html|title=Revlon (REV) to Acquire Elizabeth Arden (RDEN) for $14/Share; Carries EV of ~$870M|website=StreetInsider.com}}

=Ranpak Corp.=

In October 2014, Rhône Group acquired Ranpak, for around $1 billion from Odyssey Investment Partners LLC.{{Cite news| url =https://www.wsj.com/articles/private-equity-firm-rhone-group-nears-deal-to-buy-ranpak-1407938550 |title= Private-Equity Firm Rhône Group Nears Deal to Buy Ranpak |author= Gillian Tan and Mike Spector|publisher=The Wall Street Journal |date = August 13, 2014}} Harris Williams & Co. advised Ranpak Corp. on the sale.{{Cite news| url =http://www.businesswire.com/news/home/20141001006606/en/Harris-Williams-Advises-Ranpak-Corp.-Sale-Rh%C3%B4ne#.VWTcaEaAead|title=Harris Williams & Co. Advises Ranpak Corp. on its Sale to Rhône Capital |publisher=Business Wire |date =October 1, 2014}} Ranpak is headquartered in Ohio, US and was established in 1972, it manufactures paper-based packaging for more than 25,000 companies in the electronics, food and beverage, and pharmaceutical industries worldwide.{{Cite news| url =http://www.mmh.com/article/ranpak_sold_to_private_equity_firm_rhone_capital |title=Ranpak sold to private equity firm Rhone Capital |publisher=Modern Materials Handling |date = October 2, 2014 }} In June 2018, Rhône began discussion with Goldman Sachs regarding the sale of Ranpak Inc., which could fetch up to $1.5 billion and has about $100 million in annual earnings before interest, taxes, depreciation and amortization.{{Cite news|url=https://www.bloomberg.com/news/articles/2018-06-14/rhone-capital-s-ranpak-is-said-to-work-with-goldman-on-sale|title = Rhone Capital's Ranpak is Working with Goldman on Sale|newspaper = Bloomberg.com|date = 14 June 2018}} In December 2018, a special purpose acquisition company formed by One Madison Group's Omar Asali and Jonathan Soros's JC Capital, agreed to purchase Ranpak for $950 million.{{cite web |last1=Kellaher |first1=Colin |title=Blank-Check Company One Madison to Buy Ranpak for $950 Million |url=https://www.wsj.com/articles/blank-check-company-one-madison-to-buy-ranpak-for-950-million-11544718228 |website=WSJ.com |publisher=Dow Jones |access-date=16 August 2024 |date=December 13, 2018}}

=Neovia Logistics=

In September 2014, Rhône Group together with Goldman Sachs acquired logistics services provider Neovia Logistics for more than $1 billion. Goldman Sachs' and Rhone Capital's consortium prevailed over a rival bid from Blackstone Group. The sale of Neovia comes just two years after private equity firm Platinum Equity acquired a 65% stake in the company from Caterpillar Inc., leaving the industrial conglomerate with a 35% interest.{{Cite news| url =https://www.reuters.com/article/neovia-logistics-ma-rhone-idUSL1N0RC13O20140925 |title= Goldman nears $1 bln-plus Neovia Logistics acquisition -sources |author=Mike Stone|publisher=Reuters |date = September 25, 2014}}

=TWE Global=

In August 2014, Rhône Capital together with joint partner Kohlberg Kravis Roberts{{Cite news| url = https://www.forbes.com/sites/timtreadgold/2014/08/06/kkr-looks-deep-into-the-wine-bottle-and-likes-what-it-sees/|title=KKR Wants To Drink Up Troubled Winemaker For Outrageous $3.1 Billion|author= Tim Treadgold|work=Forbes |date = August 6, 2014}} began talks for a takeover bid{{Cite news| url = http://ausfoodnews.com.au/2014/08/04/treasury-wines-receives-revised-takeover-proposal.html|title=Treasury Wines receives revised takeover proposal|author= Sophie Langley|publisher=Australian Food News |date = August 4, 2014}} of the world's second largest wine producer, Treasury Wine Estates{{Cite news| url = http://www.afr.com/business/banking-and-finance/investment-banking/kkr-rhone-capital-pitch-new-treasury-bid-20140804-jk8bd|title=KKR, Rhone Capital pitch new Treasury bid|author=Simon Evans and Sarah Thompson|publisher=The Australian Financial Review |date = August 4, 2014}} for a total deal value of $3.4 billion.{{Cite news| url =https://www.bloomberg.com/news/articles/2014-08-03/kkr-makes-revised-a-3-4-billion-offer-for-treasury-wine-estates|title=KKR Lifts Bid for Grange-Maker Treasury to $3.2 Billion|author=David Fickling and Narayanan Somasundaram|publisher=Bloomberg Business |date = August 4, 2014}}{{Cite news| url = http://www.theaustralian.com.au/business/mergers-acquisitions/twe-to-open-books-to-kkr-after-sweetened-520-per-share-bid/story-fn91vdzj-1227012509607 |title= TWE to open books to KKR after sweetened $5.20 per share bid |author= Mitchell Neems|publisher=The Australian |date =August 4, 2014}}{{Cite news| url = http://www.misaustralia.com.au/p/business/companies/kkr_rhone_capital_pitch_new_treasury_mFEzm16WjjIQOv9MkCWgEO |title= KKR, Rhone Capital pitch new Treasury bid|author=Simon Evans and Sarah Thompson |publisher=The Australian Financial Review |date =August 4, 2014}} TWE Global has revenue of over $2 billion and employs more than 4,000 people worldwide, encompassing 80 label brands including Penfolds, Wolf Blass, Beringer, Lindemans, Wynns and Rosemount.{{Cite news| url =http://www.ft.com/intl/cms/s/95b11960-1b6b-11e4-b649-00144feabdc0,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F95b11960-1b6b-11e4-b649-00144feabdc0.html%3Fsiteedition%3Dintl&siteedition=intl&_i_referer=#axzz39jJ3RfpP|title= KKR offers revised A$3.4bn bid for Treasury Wine|author= Jamie Smyth|publisher=Financial Times |date = August 4, 2014}}{{Cite news| url = http://www.rttnews.com/2362394/kkr-sweetens-takeover-bid-for-australia-s-treasury-wine-estates.aspx?type=bn |title=KKR Sweetens Takeover Bid For Australia's Treasury Wine Estates |author= RTT Staff Writer|publisher=RTTNews |date = August 3, 2014}} Rhone Group's partnership with KKR allowed for an 11% increase in offering{{Cite news| url =http://uk.reuters.com/article/us-treasury-wine-kkr-offer-idUKKBN0G30U020140803 | archive-url =https://web.archive.org/web/20160305220339/http://uk.reuters.com/article/us-treasury-wine-kkr-offer-idUKKBN0G30U020140803 | url-status =dead | archive-date =March 5, 2016 |title=KKR raises bid for Australia's Treasury Wine to $3.15 billion|author= Lincoln Feast|publisher=Reuters |date = August 4, 2014}} from A$4.70 per share offered initially by KKR in April 2014 to A$5.20 cash per share in August 2014.{{Cite news| url = http://www.marketwatch.com/story/treasury-wine-says-kkr-raises-takeover-bid-2014-08-03-234855617?reflink=MW_news_stmp |title=Treasury Wine says KKR raises takeover bid|author= Ross Kelly|publisher=MarketWatch |date = August 3, 2014}}{{Cite news| url = http://www.afr.com/business/banking-and-finance/investment-banking/robert-agostinelli-the-us-billionaire-behind-the-latest-treasury-tilt-20140804-jej0o# |title=Robert Agostinelli, the US billionaire behind the latest Treasury tilt|author=Simon Evans|publisher=The Australian Financial Review |date = August 5, 2014}}

=Coty, Inc.=

In June 2013, Rhône along with Berkshire Partners and the Reimann family launched Coty, Inc. (COTY) into an IPO on the New York Stock Exchange raising over $1 billion{{cite news| url=https://www.bloomberg.com/news/2013-06-13/coty-little-changed-in-debut-after-raising-1-billion-in-ipo.html | work=Bloomberg | first=Lee | last=Spears | title=Coty Falls in Trading Debut After Raising Billion in IPO | date=2013-06-13}} valuing the company at around $6.7 billion.{{cite news| url=https://www.reuters.com/article/us-coty-ipo-idUSBRE95C0P420130613 | work=Reuters | title=Coty fails to charm investors in market debut | date=2013-06-13}} In 2012, Coty bid $10.7 billion for Avon Products Inc, (AVP.N) however due to a delayed response the offer was withdrawn.{{Cite news| url =https://www.reuters.com/article/us-avon-shares-slide-after-coty-withdraw-idUSBRE84E0K920120515|title=Avon shares slide after Coty withdraws takeover offer|author=Ranjita Ganesan|publisher=Reuters |date =May 15, 2012}} Coty's top 3 competitors are Estee Lauder Cos Inc. (EL.N), L'Oreal SA (OREP.PA) and Elizabeth Arden Inc (RDEN.O). Coty's brands in fragrances, color cosmetics including nail, skin and body care products support net revenues of $4.6 billion{{cite web |url=http://www.coty.com/company/coty-snapshot |title=Coty in a Snapshot | Coty | A World of Beauty |access-date=2013-07-05 |url-status=dead |archive-url=https://web.archive.org/web/20130705144251/http://www.coty.com/company/coty-snapshot |archive-date=2013-07-05 }} for the fiscal year ending June 30, 2012. Coty's top 10 brands are; Adidas, Calvin Klien, Chloe, Davidoff, Marc Jacobs, OPI, Philosophy, Playboy, Rimmel and Sally Hansen. Coty includes beauty brands ranging from ultra-premium luxury to entertainment, which include Balenciaga, Beyonce, Bottega Veneta, Chopard, Guess, Jennifer Lopez, JOOP!, Karl Lagerfeld, Kate Moss, Lady Gaga, Madonna, Roberto Cavalli, Vera Wang, Vivienne Westwood and others.{{Cite web|url=https://www.coty.com/our-brands|title=Our Brands - Coty|website=www.coty.com}}{{Cite news| url =https://www.bloomberg.com/news/articles/2013-03-25/csm-agrees-to-sell-bakery-unit-to-rhone-for-about-1-4-billion |title=CSM to Sell Bakery Unit to Rhone for About $1.4 Billion|author=Celeste Perri and Julie Cruz|publisher=Bloomberg Business |date =March 25, 2013 }} Coty repurchased all shares from Rhone Capital and Berkshire partners in June 2014.{{cite web |url=http://www.bangla.coty.com/media-center/press-releases |title=Press Releases | Coty | A World of Beauty |access-date=2014-08-20 |url-status=dead |archive-url=https://web.archive.org/web/20140821071519/http://www.bangla.coty.com/media-center/press-releases |archive-date=2014-08-21 }}

=Eden Springs=

In June 2013, Rhône acquired Mayanot Eden best known for its Eden Springs office water-cooler brand for $93.5 million. Eden is one of Europe's largest suppliers of watercoolers and the UK's market leader.{{cite news| url=https://www.reuters.com/article/edensprings-rhone-idUSL5N0ES0B720130616 | work=Reuters | title=Eden Springs sells Europe, Israel business to Rhone Capital | date=2013-06-16}} In June 2016, Eden was acquired by Cott for $525 million.{{Cite web|url=http://www.edensprings.com/june-2016/|title = Water at Eden Springs|date = 7 December 2018}}

=ASK Chemicals=

In April 2014, Rhône Group acquired the German ASK Chemicals (JV of Ashland Inc. and Swiss based Clariant). The deal was valued at about $350 million.{{Cite news| url =https://www.bloomberg.com/news/articles/2014-04-08/rhone-said-to-be-in-talks-to-buy-ashland-clariant-joint-venture |title= Rhone Said to Be in Talks to Buy Ashland-Clariant Joint Venture|author=Stephen Morris, Kiel Porter and Andrew Marc Noel|publisher=Bloomberg Business |date = April 8, 2014}} ASK Chemicals is a leading foundry chemicals manufacturer with nearly 2,000 employees in 25 countries. It encompasses a range of foundry resources such as binders, coatings, feeders, filters and release agents, as well as metallurgical products including inoculants, inoculation wires and master alloys for iron casting. In 2013, ASK Chemicals generated annual revenues of €513 million.{{cite web |url=http://investor.ashland.com/releasedetail.cfm?ReleaseID=839055 |title=Ashland Inc. and Clariant announce agreement to sell ASK Chemicals joint venture to Rhône (NYSE:ASH) |website=investor.ashland.com |url-status=dead |archive-url=https://web.archive.org/web/20141016204120/http://investor.ashland.com/releasedetail.cfm?ReleaseID=839055 |archive-date=2014-10-16}}

=CSM Global=

In March 2013, Rhône Capital purchased CSM Bakery Product for $1.4 billion. The business is made up of the European Bakery Supplies and North American Bakery Products businesses, as well as the international Bakery Supplies activities. Rhône Capital will also acquire the CSM brand name. In 2012 these businesses had aggregate sales of $3.3 Billion and aggregate EBITA of $140 million. Total staff comprised 8,220 employees at the end of 2012. CSM shares rose nearly 8% following the announcement. Morgan Stanley and Price Waterhouse Coopers were joint advisers to Rhone. Rothschild and Rabobank acted for CSM.{{Cite news|url=https://www.bloomberg.com/news/articles/2013-03-25/csm-agrees-to-sell-bakery-unit-to-rhone-for-about-1-4-billion|title=CSM to Sell Bakery Unit to Rhone for About $1.4 Billion|newspaper=Bloomberg |date=March 25, 2013|via=www.bloomberg.com}}

=Utex Industries=

In March 2013, Rhône Capital sold one of its companies, Utex Industries, to Riverstone Holdings for approximately $800 million. KKR, First Reserve, and Ares Management were some of the companies considering bids.{{Cite news|url=https://www.reuters.com/article/utex-auction-idUSL1N0BQ6Y020130226|title=KKR, First Reserve, Ares prepare final Utex bids -sources|newspaper=Reuters |date=February 26, 2013|via=www.reuters.com}} Rhone had previously acquired UTEX Industries in 2010 from the Audax Group, where they were advised by Lazard.{{cite web |url=http://www.newenergyworldnetwork.com/investor-news/renewable-energy-news/by-technology/water/riverstone-buys-utex-from-rhone-capital.html |title=NewNet News - Riverstone buys Utex from Rhone Capital |website=www.newenergyworldnetwork.com |url-status=dead |archive-url=https://web.archive.org/web/20140306181855/http://www.newenergyworldnetwork.com/investor-news/renewable-energy-news/by-technology/water/riverstone-buys-utex-from-rhone-capital.html |archive-date=2014-03-06}}{{cite news| url=http://in.reuters.com/article/utexindustries-sale-idINL1N0AY3OO20130129 | archive-url=https://web.archive.org/web/20160306173118/http://in.reuters.com/article/utexindustries-sale-idINL1N0AY3OO20130129 | url-status=dead | archive-date=March 6, 2016 | work=Reuters | title=RPT-Rhone Capital's Utex Industries explores sale-sources | date=2013-01-29}}

=Orion Engineered Carbons=

In April 2011, Rhône Capital purchased the Carbon Black unit from Evonik Industries AG for in-excess of $1.3 billion.{{cite news|url=https://www.bloomberg.com/news/2011-04-17/evonik-sells-carbon-black-to-rhone-capital-for-1-3-billion-1-.html|title=Evonik Sells Carbon Black to Rhone Capital for $1.3 Billion|date=2011-04-17|publisher=Bloomberg L.P.|first=Allison|last=Connolly}} At the time, Evonik described Carbon Black as the third largest in the world, including 16 production facilities in 11 countries with over 1,650 employees including 500 in Germany.{{Cite web|url=http://corporate.evonik.com/en/media/press_releases/corporate/pages/news-details.aspx?newsid=19107|title = Evonik agrees to sell carbon black business to Rhône Capital - Evonik Industries}} Evonik was advised by Barclays Capital and Rhône was advised by Morgan Stanley.{{cite news|url=http://www.ft.com/cms/s/0/74448c94-68ea-11e0-9040-00144feab49a.html|title=Evonik to sell Carbon Black to Rhône Capital|publisher=Financial Times|date=2011-04-17}} In July 2014, Rhone Capital filled for an IPO valuing the company at $1.36 billion.{{Cite news| url =https://www.reuters.com/article/orioncarbons-ipo-idUSL4N0PP57W20140714|title=UPDATE 1-Carbon black producer Orion IPO to raise up to $432 mln|publisher=Reuters |date = July 14, 2014}}{{Cite web|url=https://www.plasteurope.com/news/ORION_ENGINEERED_CARBONS_t228922/|title=ORION ENGINEERED CARBONS: Carbon black producer goes public in US / Incorporation in Luxembourg | Plasteurope.com|website=www.plasteurope.com}}

=Euromar LLC=

In 2010, Rhone Capital made their first direct investment in the shipping industry. Euromar LLC, formed on March 25, 2010, is a joint venture of the Greek ship owner and operator Euroseas with Rhone Capital and Eton Park Capital Management, two recognized private investment firms. The partnership formed Euromar LLC, a Marshall Islands limited liability company. Pursuant to the terms of the joint venture, Rhone and Eton Park would each invest up to $75 million, equating to having a 42.86% interest each in the joint venture, whereas Euroseas would invest up to $25 million for a 14.28% interest in the joint venture, equating to a total investment of $175 million.{{cite web |url=http://www.euroseas.gr/home.html |title=EUROSEAS LTD |website=www.euroseas.gr |url-status=dead |archive-url=https://web.archive.org/web/20060517144759/http://www.euroseas.gr/home.html |archive-date=2006-05-17}} Euroseas operates small and medium-sized container ships as well as dry bulk ships.{{Cite news| url =https://finance.yahoo.com/news/euroseas-ltd-announces-acquisition-joint-130000547.html |title=Euroseas Ltd. Announces New Acquisition for Its Joint Venture Euromar LLC|publisher=Yahoo! Finance |date =March 28, 2012}}

=Liverpool F.C.=

In March 2010, English Premier League football club Liverpool F.C. revealed that Rhône were in exclusive negotiations to potentially buy the football club.{{cite news| url=https://www.bloomberg.com/apps/news?pid=newsarchive&sid=agGKU.r4A68w | work=Bloomberg | first=Tariq | last=Panja | date=2010-04-12 | title=Liverpool Said Ready to Hire Barclays for $770 Million Sale of Soccer Club}} Rhône made a bid of £118.5 million for a controlling 40 percent stake in the Anfield club with an additional £25 million infusion of funds for transfers.{{cite news| url=https://www.telegraph.co.uk/sport/football/leagues/premierleague/liverpool/7550028/Rhone-Group-press-Liverpool-for-answer-to-110-million-investment-offer.html | archive-url=https://web.archive.org/web/20100406022045/http://www.telegraph.co.uk/sport/football/leagues/premierleague/liverpool/7550028/Rhone-Group-press-Liverpool-for-answer-to-110-million-investment-offer.html | url-status=dead | archive-date=April 6, 2010 | location=London | work=The Daily Telegraph | first=Rory | last=Smith | title=Rhone Group press Liverpool for answer to £110 million investment offer | date=3 April 2010}} Liverpool F.C's managing director Christian Purslow and manager Rafael Benitez both gave Tom Hicks and George N. Gillett, Jr. their recommendations to go ahead with the deal however Hicks and Gillett failed to meet the April 6th 2010 deadline set by Rhône. As a result, Liverpool F.C's £237 million debt to the Royal Bank of Scotland is still outstanding and lack of fresh investment has meant plans for work to begin on a new £350 million stadium have stalled.

In August 2010, Rhône re-emerged as a rival bidder in the takeover of Liverpool. Among other involved parties were Chinese businessman Kenny Huang, Yahya Kirdi's Syrian consortium, the Kuwaiti Al Kharafi family and Subrata Roy's Indian Sahara conglomerate. Liverpool's chairman, Martin Broughton, appointed by Barclays Capital, had hoped to identify a preferred bidder before the end of the transfer window, September 1, 2010.{{Cite news| url =http://www.ft.com/intl/cms/s/0/454f47c0-a320-11df-8cf4-00144feabdc0.html#axzz3d3H47Aln|title=Credible bids for Liverpool likely by weekend|author= Christopher Thompson|publisher=Financial Times |date =August 8, 2010}} As a result of not having achieved this investment, George N. Gillett, Jr. and Tom Hicks were obliged to pay a £20 million penalty to the Royal Bank of Scotland.{{Cite news| url =http://www.clickliverpool.com/sport/liverpool-fc/1210267-gillett-and-hicks-facing-%C3%8220million-rbs-penalty-as-liverpool-fc-sale-process-drags-on.html|title= Gillett and Hicks facing race against time as Liverpool FC sale process drags on |author=Richard Buxton|publisher=Click Liverpool |date =August 13, 2010}}

=Quiksilver Inc.=

In 2009, Rhône loaned Quiksilver $150 million over five years to help the company refinance a U.S. line of credit and consolidate its European debt.{{Cite web|url=http://business.transworld.net/15771/news/quiksilver-announces-financial-restructuring-plan/|title = Adventure Archives}} The deal included $25.6 million in warrants which allowed Rhône to buy 30% of Quiksilver's shares making Rhône own over half the company.{{Cite web|url=http://business.transworld.net/38814/news/quiksilver-debt-for-equity-exchange-with-rhone/|title = Adventure Archives}}{{cite web| url = http://www.allbusiness.com/company-activities-management/financial-performance/12584718-1.html| url-status = dead| archive-url = https://web.archive.org/web/20100415051429/http://www.allbusiness.com/company-activities-management/financial-performance/12584718-1.html| archive-date = 2010-04-15| title = Quiksilver Gets Lifesaving Deal, But Investors Balk at Costs {{!}} Sports & Recreation > Sports Equipment Mfg from AllBusiness.com}} Rhône also assigned two new directors for Quiksilver's board.{{Cite web|url=http://www.sportsbusinessdaily.com/Daily/Issues/2010/06/Issue-190/Finance/Quiksilver-Plans-Stock-For-Debt-Swap-With-Rhone-Group-LLC.aspx|title = Sports Business Journal}} The deal was described by the Orange County Business Journal as a potential "lifesaver" for Quiksilver, which was initially struggling under the weight of their $560 million acquisition of French ski maker Rossignol. As a result, Quiksilver announced it no longer planned to sell its DC Shoes unit or any other brands it owned. Surfer Kelly Slater also signed a five-year extension of his endorsement deal with Quiksilver, and accepted a significant portion of his compensation in the form of the company's stock.{{Cite web|url=http://www.sportsbusinessdaily.com/article/130812|title = Sports Business Journal}} In August 2010, Quiksilver completed an exchange of 31.1 million shares worth about $140 million for the debt, held by Rhone.{{cite news|url=http://www.businessweek.com/ap/financialnews/D9I01THG1.htm|archive-url=https://web.archive.org/web/20121102034532/http://www.businessweek.com/ap/financialnews/D9I01THG1.htm|url-status=dead|archive-date=November 2, 2012|title=Quiksilver's fiscal 3Q earnings top analyst views|date=2010-09-02|publisher=Business Week}} At the time, Moody's stated that it could raise the debt rating on Quiksilver if the deal went through.{{cite news|url=http://www.businessweek.com/ap/financialnews/D9GCJ4J00.htm|archive-url=https://web.archive.org/web/20121102034538/http://www.businessweek.com/ap/financialnews/D9GCJ4J00.htm|url-status=dead|archive-date=November 2, 2012|title=Moody's says it may raise ratings on Quiksilver|date=2010-06-16|publisher=Business Week}} Rhone has since exited their position making a return in excess of 22% on their investment.{{cite web |url=http://shop-eat-surf.com/2010/10/quiksilver-gets-new-loan-to-pay-down-rhone-debt |title=Quiksilver gets loan to pay down Rhone debt |website=shop-eat-surf.com |url-status=dead |archive-url=https://web.archive.org/web/20150925005420/http://shop-eat-surf.com/2010/10/quiksilver-gets-new-loan-to-pay-down-rhone-debt |archive-date=2015-09-25}}

=Almatis=

In 2007, Rhône sold Almatis, a producer of specialty alumina, to Dubai International Capital (DIC), the international investment arm of Dubai Holding, for $1.2 billion.{{cite web | url=http://www.mineralnet.co.uk/Article/1914334/Almatis-sold-for-1200m.html | title=Mineralnet.co.uk }} DIC retained the existing management team and further supported the global growth strategy pursued by Almatis.{{cite web |url=http://www.ameinfo.com/136817.html |title=Dubai International Capital acquires Almatis | Dubai International Capital | AMEinfo.com |access-date=2010-09-03 |url-status=dead |archive-url=https://web.archive.org/web/20100323040818/http://www.ameinfo.com/136817.html |archive-date=2010-03-23 }}

=LWB Refractories=

In 2007, Rhône bought LWB Refractories, described by the magazine Industrial Minerals as "the worlds leading refractory dolomite producer",{{cite web | url=http://www.mineralnet.co.uk/Article/2272132/Fire-at-LWB-Refractories-in-France.html | title=Mineralnet.co.uk }} from Lhoist Group S.A. for an undisclosed amount.{{Cite web |url=http://www.alacrastore.com/deal-snapshot/Rhone_Capital_LLC_acquires_LWB_Refractories_GmbH_Co_KG_from_Dolomies_de_Marche_les_Dames_through_a_leveraged_buyout-478426 |title=Rhone Capital LLC acquires LWB Refractories GMBH & Co KG from Dolomies de Marche-les-Dames through a leveraged buyout - Dec 21, 2006 - M&A Deal Snapshot - AlacraStore.com |access-date=2010-04-15 |archive-date=2012-05-08 |archive-url=https://web.archive.org/web/20120508023307/http://www.alacrastore.com/deal-snapshot/Rhone_Capital_LLC_acquires_LWB_Refractories_GmbH_Co_KG_from_Dolomies_de_Marche_les_Dames_through_a_leveraged_buyout-478426 |url-status=dead }} In 2008, Rhône then sold LWB Refractories for $938 million.{{Cite web|url=http://www.highbeam.com/doc/1G1-189486704.html|archive-url=https://web.archive.org/web/20121106014256/http://www.highbeam.com/doc/1G1-189486704.html|url-status=dead|archive-date=2012-11-06|title=Magnesita to acquire LWB Refractories.(IN THE NEWS) - Ceramic Industry |date=November 6, 2012}} to Brazilian manufacturer Magnesita Refratarios S.A.{{cite news| url=http://www.accessmylibrary.com/coms2/summary_0286-35905163_ITM | title=Magnesita to acquire LWB Refractories.(IN THE NEWS)}} The deal created what is now one of the world largest refractory manufacturers.{{cite web |url=http://biz.yahoo.com/ic/125/125694.html |title=LWB Refractories Company Company Profile - Yahoo! Finance |website=biz.yahoo.com |url-status=dead |archive-url=https://web.archive.org/web/20100528083403/http://biz.yahoo.com/ic/125/125694.html |archive-date=2010-05-28}} Clifford Chance advised Rhône in connection with the combination of RHI AG and Magnesita to create a leading refractory company named RHI Magnesita, established in the Netherlands and listed on the London Stock Exchange, Rhone would remain the controlling shareholder.{{Cite web|url=https://www.cliffordchance.com/news/news/2016/10/clifford-chance-advises-gp-investments-and-rhone-capital-on-the-.html|title = Clifford Chance | Clifford Chance advises GP Investments and Rhône Capital on the combination of RHI and Magnesita}}

=InfOTE=

In 2007, Rhône won the auction for the Greek Yellow Pages directories business InfOTE. Rhône acquired the business in partnership with buyout group Zarkona Trading for $450 million giving Rhône an 85% holding of the company and Zarkona with 15%. Rhône outbid rival US media-focused buyout group Veronis Suhler Stevenson, UK-based private equity house Bridgepoint, and DLJ Merchant Banking, the buyout arm of Credit Suisse, as well as Greek media group Antenna.{{Cite web|url=https://www.fnlondon.com/|title=Financial and Business News | Financial News London|website=www.fnlondon.com}}

=Fraikin=

In 2007, Rhône together with Eurazeo[https://web.archive.org/web/20111004071529/http://www.buyoutsnews.com/story.asp?storycode=41038 Buy outs news] sold truck rental company Fraikin to CVC Capital Partners for €1.35 billion.{{Cite web|url=http://www.realdeals.eu.com/search/?search=eurazeo|title = Real Deals}} Eurazeo owned 55%, and Rhône owned 20%.{{cite web |url=http://www.abcmoney.co.uk/news/31200715111.htm |title=EU clears CVC Capital's buy of Eurazeo's Fraikin |access-date=2010-04-13 |url-status=dead |archive-url=https://web.archive.org/web/20100416164900/http://www.abcmoney.co.uk/news/31200715111.htm |archive-date=2010-04-16 }} The remaining percentage is owned by other minority shareholders and management.{{Cite web|url=http://www.pehub.com/2006/11/fraikin-groupe-to-go-public/|title=Fraikin Groupe to Go Public|date=30 November 2006}}

=Arizona Chemical=

In 2006, Rhône bought Arizona Chemical for $485 million.{{Cite web|url=http://www.highbeam.com/doc/1G1-156101544.html|archive-url=https://web.archive.org/web/20121106014304/http://www.highbeam.com/doc/1G1-156101544.html|url-status=dead|archive-date=2012-11-06|title=Arizona Chemical sold to Rhone Capital as part of International Paper deal. - The Florida Times Union |date=November 6, 2012}} The deal officially closed in the first quarter of 2007. Arizona Chemical is the world's largest producer of oleochemicals and specialty resins based on crude tall oil, a by-product of wood pulping.{{Cite web|url=http://www.highbeam.com/doc/1G1-156067909.html|archive-url=https://web.archive.org/web/20121106014311/http://www.highbeam.com/doc/1G1-156067909.html|url-status=dead|archive-date=2012-11-06|title=International Paper to Sell Arizona Chemical. - Chemweek's Business Daily |date=November 6, 2012}} Arizona Chemical manufactures pine tree-based chemicals, such as fatty acids, rosin esters, and terpenes. These chemicals are used to manufacture products including adhesives, household cleaners, hydraulic fluids, inks, paints, personal care products, and plastics. Arizona Chemical was formed in 1930 by paper products maker International Paper and American Cyanamid and is now owned by Rhône. Arizona Chemical filed for an IPO in 2010.{{cite web | title=Dun and Bradstreet | website=D&B Hoovers| url=https://www.dnb.com/products/marketing-sales/dnb-hoovers.html | access-date=26 September 2023}} Arizona Chemical has been a leader in pine chemistry for more than 75 years.{{Cite web|url=http://www.rttnews.com/ArticleView.aspx?Id=1267287|title = Arizona Chemical Files for $125 MLN IPO}}

=UniEuro=

In 2001, the UK's largest electronics retailer, Dixons bought Italy's most profitable chain of domestic appliance stores, UniEuro, from Rhône and JP Morgan for €368 million{{Cite web|url=http://www.efinancialnews.com/story/2002-10-09/sssb-helps-dixons-renegotiate-unieuro-deal|title = Financial News - Setting the agenda for the City}} to take controlling interest of nearly 96% of the company with an option to buy the remaining 4% for €30 million.{{cite news| url=https://www.independent.co.uk/news/business/news/dixons-in-pound230m-unieuro-takeover-613617.html | archive-url=https://web.archive.org/web/20081211114415/http://www.independent.co.uk/news/business/news/dixons-in-pound230m-unieuro-takeover-613617.html | url-status=dead | archive-date=December 11, 2008 | location=London | work=The Independent | first=Rachel | last=Stevenson | title=Dixons in £230m UniEuro takeover | date=10 October 2002}} UniEuro employs over 3,000 people and as of 2006 had a turnover of €1 billion.{{Cite web|url=http://bebeez.it/en/2014/06/17/marco-polo-unieuro-towards-1-4-billion-euros-of-revenues-ipo-2-years-time/|title=Marco Polo-Unieuro towards 1.4 billion euros of revenues. Ipo in 2 years' time|date=17 June 2014}}

=Lummus Technology=

In June 2020 in partnership with Haldia Petrochemical Rhone Capital bought Lummus Technology from McDermott Inc. McDermott was in bankruptcy and in need of capital to pay off debt but retained an option for a minority stake. After their plan of reorganization was accepted McDermott exercised the option in March 2021.{{Cite web|url=https://www.rigzone.com/news/mcdermott_invests_in_lummus_technology-10-mar-2021-164844-article/|title=McDermott Invests in Lummus Technology|website=www.rigzone.com}}

=Other investments=

  • Coty, Inc.{{cite web|url=http://www.finsmes.com/2011/01/coty-receives-minority-equity-investment-from-berkshire-partners-and-rhone.html|title=Coty Receives Minority Equity Investment from Berkshire Partners and Rhône|publisher=FinSMEs|date=2011-01-26}}
  • Dufour Yachts ISB{{cite web|url=http://www.ibinews.com/ibinews/newsdesk/20060216144548ibinews.html|title=The Rhône Group becomes majority shareholder in ISB|publisher=International Boat Industry|date=2006-03-16}}
  • Early Learning Centre{{cite news|url=https://www.independent.co.uk/news/business/news/waterstone-buys-early-learning-for-acircpound62m-558765.html|title=Waterstone buys Early Learning for £62m|work=The Independent|date=2004-04-04|location=London|first=Jason|last=Nisse}} {{dead link|date=August 2021|bot=medic}}{{cbignore|bot=medic}}
  • Go-Ahead Group{{cite web |url=http://www2.hemscott.com/scripts/AFXnewstory.dll/text?EPIC=gog&SerialNumber=1605&NewsType=AFR&Indate=19/07/2000&CUST=1 |title= Go-Ahead Group|website=www2.hemscott.com |archive-url=https://archive.today/20130125111150/http://www2.hemscott.com/scripts/AFXnewstory.dll/text?EPIC=gog&SerialNumber=1605&NewsType=AFR&Indate=19/07/2000&CUST=1 |archive-date=2013-01-25}}
  • Rexair LLC{{cite web |url=http://www.altaventure.com/communication/altaventure-advised-rh%C3%B4ne-capital-llc-isb-acquisition |title=AltaVenture advised Rhône Capital LLC on ISB Acquisition {{!}} Altaventure |website=www.altaventure.com |url-status=dead |archive-url=https://web.archive.org/web/20110702202300/http://www.altaventure.com/communication/altaventure-advised-rh%C3%B4ne-capital-llc-isb-acquisition |archive-date=2011-07-02}}{{Cite news|url=https://www.ft.com/content/1d0b4400-497d-11e9-bbc9-6917dce3dc62|title=Private equity buys US penny zinc supplier from Newell Brands|newspaper=Financial Times|date=18 March 2019|last1=Wells|first1=Peter}}{{cite web | title=Newell to Sell Process Solutions Business for $500 Million | website=Nasdaq | date=19 March 2019 | url=https://www.nasdaq.com/articles/newell-to-sell-process-solutions-business-for-%24500-million-2019-03-19 | access-date=26 September 2023}}
  • WTVX{{Cite web|url=http://gossipextra.com/2012/05/29/rupert-murdoch-scandal-jeb-bush-florida-1514/|title = Gossip Extra}}
  • Wahoo Fitness{{Cite web|url=https://www.bicycleretailer.com/industry-news/2021/07/07/wahoo-fitness-receives-investment-global-private-equity-firm|title=Wahoo Fitness receives investment from global private equity firm|website=Bicycle Retailer and Industry News}}

Disclosure

Rhône is authorised and regulated by the Financial Conduct Authority (FCA) and the U.S Securities Exchange Commission (SEC).{{Cite news| url =http://www.institutionalinvestorsalpha.com/Article/1949558/Rhone-Group-Does-First-Closing-On-700M-Fund.html|title=Rhone Group Does First Closing On $700M Fund|publisher=Institutional Investor |date = December 3, 2002}} Rhône is a 'Selected Client' and 'Sponsor' to Sullivan & Cromwell LLP.{{Cite news| url = http://www.sullcrom.com/practices-and-capabilities/ |title= Practices & Capabilities|publisher=Sullivan & Cromwell |access-date = July 8, 2015}}

References