DFX Intelligence
Private Equity Intelligence
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Transactions / D•• N••••
R•••• Sells D•• N•••• to A•••••• Global, Creating N•••• America’s Leading Manufacturer & Distributor of Refrigerated Display Cases
Exit to a strategic buyerannouncedannounced Sep 29, 2025Fact
What happened
- Target
- D•• N••••
- Platform
- not an add-on on record
- Control
- unknown
- Share acquired
- unknown
- Industry
- industrials / manufactur
- Target location
- unknown
- Seller kind
- Sponsor
- Rollover
- unknown
Values, only where disclosed
- Enterprise value
- Not disclosed
- Purchase price
- Not disclosed
- Equity value
- Not disclosed
- Target revenue
- Not disclosed
- Target EBITDA
- Not disclosed
- Multiple
- Not disclosed
Parties and roles
7 named
Buy side
- “R•••• Sells D•• N•••• to A•••••• Global, Creating N•••• America’s Leading Manufacturer & Distributor of Refrigerated Display Cases”
Sell side
- “September 29, 2025: Using a GP-led continuation vehicle, R•••• intends to bring in new investors to hold a minority stake in the expanded group. | published on R•••• Equity Partners's own news page www.roninequitypartners.com”
Advisory side
- M••••••• T•••••••Legal adviserconfirmed“K••••• M••••• R••••••• and M••••••• T••••••• acted as legal advisers to R•••• and D•• N•••• in the A•••••• transaction.”
- K••••• M••••• R••••••• L••Legal adviserconfirmed“K••••• M••••• R••••••• and M••••••• T••••••• acted as legal advisers to R•••• and D•• N•••• in the A•••••• transaction.”
- R••••• W• B••••Sell-side adviserconfirmed“R••••• W• B•••• served as exclusive financial advisor to D•• N•••• in connection with the transaction.”
- H••••••• L••••Sell-side adviserconfirmed“H••••••• L•••• will act as adviser to R•••• as part of the GP-led continuation vehicle.”
Side not stated
- “R•••• Sells D•• N•••• to A•••••• Global, Creating N•••• America’s Leading Manufacturer & Distributor of Refrigerated Display Cases”
Evidence
“R•••• Sells D•• N•••• to A•••••• Global, Creating N•••• America’s Leading Manufacturer & Distributor of Refrigerated Display Cases”
Press release wires (PR Newswire, GlobeNewswire, Business Wire public pages and RSS)confidence 80%recorded Sep 16, 2026