M&A Deal Summary

AFT Holdings Acquires Loma Linda

On October 3, 2016, private equity firm AFT Holdings acquired food company Loma Linda from Kellogg

Acquisition Highlights
  • This is AFT Holdings’ 1st transaction in the Food sector.
  • This is AFT Holdings’ 1st transaction in the United States.
  • This is AFT Holdings’ 1st transaction in North Carolina.

M&A Deal Summary
Date 2016-10-03
Target Loma Linda
Sector Food
Buyer(s) AFT Holdings
Sellers(s) Kellogg
Deal Type Divestiture

Target

Loma Linda

Nashville, North Carolina, United States
website
Loma Linda is a producer of canned alternative vegetable based protein products and markets the Loma Linda was founded in 2008 and is based in Nashville, North Carolina.

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Buyer(S) 1

Buyer

AFT Holdings

website

Category Private Equity Firm
Founded 1999
Size Small
Type Sector Agnostic
DESCRIPTION

AFT Holdings is a private investment holding firm that looks to acquire and management investments across the US. AFT is sector agnostic, however its portfolio includes commercial and residential real estate, sustainable foods development, global fishing fleets, and technology. AFT Holdings is based in New Orleans, Louisiana.

DEAL STATS #
Overall 2 of 2
Sector (Food) 1 of 1
Type (Divestiture) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-31 Seedrs

London, United Kingdom

Seedrs is an online investment platform it allows investors to buy and sell shares in private companies, and ambitious entrepreneurs to gain investment for their businesses while building communities in the process. Seedrs was founded in 2009 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 Seedrs

London, United Kingdom

Seedrs is an online investment platform it allows investors to buy and sell shares in private companies, and ambitious entrepreneurs to gain investment for their businesses while building communities in the process. Seedrs was founded in 2009 and is based in London, United Kingdom.

Sell $100M

Seller(S) 1

SELLER

Kellogg

Battle Creek, Michigan, United States

website

Category Company
Founded 1906
Sector Food
Employees30,000
Revenue 15.3B USD (2022)
DESCRIPTION
Kellogg's corporate headquarters in Battle Creek, Michigan.
Kellogg's corporate headquarters in Battle Creek, Michigan.

Kellogg is a food company engaged in the manufacture and marketing of ready-to-eat cereal and convenience foods. The Company's principal products are ready-to-eat cereals and convenience foods, such as cookies, crackers, snacks, toaster pastries, cereal bars, fruit-flavored snacks, frozen waffles, and veggie foods. Kellogg also markets cookies, crackers, crisps, and other convenience foods, under brands such as Kellogg’s, Keebler, Cheez-It, Murray, Austin and Famous Amos. Kellogg was formed in 1906 and is based in Battle Creek, Michigan.

DEAL STATS #
Overall 2 of 4
Sector (Food) 2 of 4
Type (Divestiture) 2 of 2
State (North Carolina) 1 of 1
Country (United States) 2 of 4
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-28 Mass Food

Giza, Egypt

Mass Food Group is a food company that makes local brands such as Temmy's cereals and NutriFit cereal bars. Mass Food Group also exports foods to more than 30 markets, including Europe, East Asia and Africa.

Buy $50M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-13 Ritmo Investimentos S.A.

São Lourenço do Oeste, Brazil

Ritmo Investimentos S.A. is a Brazilian food group. Company offers a wide range of iconic regional brands, including Parati, Pádua, Minueto, Zoo Cartoon and Hot Cracker biscuits, which make up approximately half of the company's business.

Buy $429M
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