US PE Middle Market 1Q 2018

The year got off to a varied start, as middle-market PE deal value slumped in 1Q and volume surged, signaling a shift toward smaller transactions. In the 1Q 2018 US PE Middle Market Report, our analysts detail key trends evolving in the dealmaking environment, from the rise of add-ons to the average middle-market fund size nearing $1 billion.

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Jana Partners reveals 9.1% stake in Pinnacle Foods

In a recent regulatory filing, activist investment firm Jana Partners revealed it holds a 9.1% stake in Pinnacle Foods, producer of brands including Duncan Hines, Birds Eye and Vlasic. Jana noted in the filing that it plans to talk with Pinnacle regarding possible measures, which could include “a sale or other consolidation opportunities.”

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Buckle up for Amazon’s latest innovation

Less than a year after it launched Amazon Key, Amazon is extending that service from the home to the car. The company has joined with General Motors Co. and Volvo Cars to start offering in-car deliveries, giving its couriers access to potentially millions of vehicles in nearly 50 U.S. markets.

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Supervalu to shed more stores

Competition in the grocery business is prompting Minneapolis-based Supervalu, Inc. to pursue the sale of its Shop ‘n Save and Shop ‘n Save East retail operations. Shop ‘n Save operates stores in the St. Louis area while Shop ‘n Save East operations are located in West Virginia, Maryland, Pennsylvania and Virginia.

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