Rhône Capital

• Rhône Acquires Invacare Europe and Direct Healthcare Group to Create DHCare

  January 30, 2026

  Buyer

  Rhône, ARCHIMED

  Target

  Invacare Holdings S.ar.l. (Invacare Europe & APAC), Direct Healthcare Group (DHG)

  Industry

  Medical Devices

  Location

  United Kingdom

  Type

  Buyout

  Rhône has completed acquisitions of Invacare Holdings S.ar.l. (Invacare Europe & APAC) and Direct Healthcare Group (DHG) through vehicles held by its Fund VI and combined the businesses to form DHCare, a London‑headquartered medical device platform. The transaction closed January 30, 2026; ARCHIMED will retain a minority stake in the newly formed company, which expands the combined product portfolio across mobility, seating, pressure‑care, patient handling and rental/services.

• Rhône Acquires Freddy's Frozen Custard & Steakburgers from Thompson Street Capital Partners

  September 4, 2025

  Buyer

  Rhône

  Target

  Freddy's Frozen Custard & Steakburgers

  Seller

  Thompson Street Capital Partners

  Industry

  Restaurants & Hospitality

  Location

  Kansas, United States

  Type

  Buyout

  Investment funds affiliated with Rhône have acquired Freddy's Frozen Custard & Steakburgers from Thompson Street Capital Partners. Freddy's— a fast-casual franchise with more than 550 locations and over $1 billion in system-wide sales—will keep its existing leadership as Rhône supports continued market expansion and guest-experience improvements.

• Rhône Group Acquires Copperweld from Kinderhook Industries

  January 1, 2025

  Buyer

  Rhône Group

  Target

  Copperweld Holdings, Inc.

  Seller

  Kinderhook Industries

  Industry

  Manufacturing

  Location

  Tennessee, United States

  Type

  Buyout

  Rhône Group has acquired Copperweld Holdings, Inc. from Kinderhook Industries. Copperweld, the leading U.S. manufacturer of copper-clad steel (CCS) and copper-clad aluminum (CCA) wire headquartered in Fayetteville, Tennessee, will partner with Rhône to support its next phase of growth across building wire, utilities, infrastructure and renewable energy markets.

• Sweet Oak (Rhône & Mariposa) Acquires Whole Earth Brands

  August 7, 2024

  Buyer

  Sweet Oak Parent LLC, Rhône Capital, Mariposa Capital, LLC, Cerberus Capital Management, Monarch Alternative Capital

  Target

  Whole Earth Brands, Inc.

  Industry

  Food & Beverage

  Location

  Illinois, United States

  Type

  Addon

  Sweet Oak, a newly rebranded parent owned by affiliates of Rhône Capital and Mariposa Capital, completed the take-private acquisition of Whole Earth Brands, combining it with Royal Oak Enterprises. The acquisition was funded with an $862 million senior secured credit facility led by Silver Point Finance, with participation from Fortress Credit, Cerberus, Monarch and other co-investors; McDermott Will & Emery represented Rhône in the transaction.

• Saks Global (HBC) Acquires Neiman Marcus Group for ~$2.65 Billion

  July 4, 2024

  Buyer

  Hudson's Bay Company (HBC), Saks Global, Amazon, Rhône Capital, Insight Partners, Salesforce, Authentic Brands Group, G-III Apparel Group, M. Klein & Company, Abu Dhabi Investment Council, Abrams Capital

  Target

  Neiman Marcus Group, Neiman Marcus, Bergdorf Goodman

  Industry

  Retail

  Location

  Texas, United States

  Type

  Buyout

  Hudson's Bay Company (HBC) — through its newly created Saks Global business — has agreed to acquire Neiman Marcus Group (NMG) to form a multi-brand luxury retail and real estate platform. The combined company will pair iconic retail brands (Neiman Marcus, Bergdorf Goodman, Saks Fifth Avenue and Saks OFF 5TH) with technology, first-party data and strategic investors (including Amazon, Rhône Capital, Insight Partners and Salesforce) to drive personalized omnichannel experiences and unlock real estate value.

• Rhône Group Acquires Paragon Films from Wellspring Capital

  December 23, 2021

  Buyer

  Rhône Group

  Target

  Paragon Films, Inc.

  Seller

  Wellspring Capital Management Group LLC

  Industry

  Packaging

  Location

  Oklahoma, United States

  Type

  Buyout

  Rhône Group has acquired Paragon Films, a leading North American manufacturer of high-performance stretch films, from Wellspring Capital Management. The transaction is a secondary buyout intended to support Paragon's continued growth in sustainable, high-performance packaging solutions; financial terms were not disclosed.

• Rhône Makes Equity Investment in Wahoo Fitness

  July 7, 2021

  Buyer

  Rhône

  Target

  Wahoo Fitness

  Seller

  Norwest Equity Partners

  Industry

  Consumer Products

  Location

  Georgia, United States

  Type

  Recapitalization

  Rhône, a global private equity firm, agreed to make a significant equity investment in Wahoo Fitness, with Wahoo founder Chip Hawkins and the management team reinvesting alongside Rhône. Norwest Equity Partners will remain a minority investor; the deal aims to support Wahoo's global expansion and growth of its connected-fitness hardware, software and content offerings.

• Haldia Petrochemicals and Rhône Capital Complete Acquisition of Lummus Technology

  June 30, 2020

  Buyer

  Haldia Petrochemicals Limited, Investment funds affiliated with Rhône Capital

  Target

  Lummus Technology

  Seller

  McDermott International

  Industry

  Energy

  Location

  Texas, United States

  Type

  Buyout

  Haldia Petrochemicals Limited (part of The Chatterjee Group) and investment funds affiliated with Rhône Capital have completed a joint acquisition of Lummus Technology from subsidiaries of McDermott International for a base purchase price of $2.725 billion. The deal creates an independent, privately held Lummus focused on licensing process technologies, supplying catalysts and equipment, and expanding services to refining, petrochemical and gas-processing customers worldwide.

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