Growth Capitalist (https://growthcapitalist.com/tag/consumer/page/45/)
Agricon Global Corp. (AGRC) announced that it has raised $1.11 million in a Common Stock transaction. The company has agricultural operations in Ghana. The common stock was sold at $0.50 per share, an approximate 38% discount to the market price ($0.80) of AGRC at deal announcement. The Placement Agent and the investors were not disclosed.
Conte Rosso & Partners S.r.l. (SOST), a hotel manager organized under Italian law, has entered the U.S. capital markets through a PIPE transaction and reverse merger with shell Southern States Sign Co. Regulatory filings for the reverse merger did not disclose a placement agent in a $1.3 million sale of shares to an unnamed accredited investor. Conte Rosso & Partners said in a regulatory filing that it sold off Southern States' billboard advertising business and plans to continue managing and developing recreational sites in Italy. The company, which was founded in 2010, currently owns six hotels and resorts in Padova, Rome and Ostuni Brindisi. The properties include Padova's Radisson Blu Hotel Majestic and Rome's Ripa Hotel and Resort Spa.
Bain Capital is working with underwriters Goldman Sachs, Barclays Capital and JPMorgan Chase to orchestrate an initial public offering for child care provider Bright Horizons Family Solutions, a company Bain took private some four years ago. The new issue will trade under the ticker BFAM. The deal initially emerged as a shadowy one earlier this month, when Reuters heard of it from unnamed sources, but now a regulatory filing confirms the IPO plans. Bright Horizons traded on Nasdaq from 1998 into May 2008, when Bain funds took it private in a deal valued at $1.3 billion. The company hopes to raise as much as $220 million in an offering where Bain will retain significant influence, the filing says.
China-based shell merger company New Oriental Education & Technology Group (EDU) took an anvil ride in July, when a Muddy Waters report questioned many of the company's claims. The company's shares fell 35% when the report was released on July 18, but more recently positive news, including regulatory approval of consolidation accounting, has New Oriental on the uptick. Share prices moved up on Oct. 15, when New Oriental, which bills itself as the largest provider of private educational services in China, announced that Securities and Exchange Commission staff voiced no objection to the accounting behind merging some business units into the company's consolidated financial statements. The SEC's approval of accounting practices is, of course, hardly an endorsement of the company or its stock. But the news did bring on a flurry of trading after New Oriental shares opened at $19.34 on Oct.
