M&A Deal Summary

Ardian Acquires Florida Food Products

On September 21, 2021, private equity firm Ardian acquired food company Florida Food Products from MidOcean Partners

Acquisition Highlights
  • This is Ardian’s 15th transaction in the Food sector.
  • This is Ardian’s 57th transaction in the United States.
  • This is Ardian’s 2nd transaction in Florida.

M&A Deal Summary
Date 2021-09-21
Target Florida Food Products
Sector Food
Buyer(s) Ardian
Sellers(s) MidOcean Partners
Deal Type Secondary Buyout

Target

Florida Food Products

Eustis, Florida, United States
website
Florida Food Products is a manufacturer of healthy, natural, clean label ingredients and is the market leader in the clean label cure market. Clean label cures are used for a wide variety of end market uses including packaged meat, food service, private label and branded CPG meats as well as premium pet foods. Florida Food Products was founded in 1954 and is based in Eustis, Florida.

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Buyer(S) 1

Buyer

Ardian

Paris, France

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1996
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €150 million per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.

DEAL STATS #
Overall 398 of 417
Sector (Food) 15 of 15
Type (Secondary Buyout) 127 of 136
State (Florida) 2 of 2
Country (United States) 57 of 58
Year (2021) 16 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-16 Acino

Zurich, Czech Republic

Acino is a pharmaceutical company focused on developing, manufacturing and marketing well-proven and innovative pharmaceuticals in novel drug delivery forms. Acino was founded in 1836 and is based in Zurich, Czech Republic.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-30 Ikoula

Boulogne Billancourt, France

Ikoula is a web and cloud computing hosting provider that specializes in web and cloud hosting solutions. Ikoula owns its datacenters in France which host more than 5,000 IT environments for about 6,000 client companies. Ikoula is a pioneer of green hosting solutions and puts innovation, simplicity, and client satisfaction at the heart of its business. Ikoula was founded in 1998 and is based in Boulogne Billancourt, France.

Sell -

Seller(S) 1

SELLER

MidOcean Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2003
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

MidOcean Partners is a private equity firm focused on acquiring controlling interests in middle-market companies throughout North America. The Firm has a preference for consumer and business services sectors including automotive, food/beverage, retail, consumer products, information services, infrastructure services, training and more. MidOcean seeks opportunities valued between $150 and $750 million where it can commit $75 to $300 million. In addition to investing equity, MidOcean also looks to provide flexible credit solutions as well. MidOcean Partners was formed in 2003 and is based in New York, New York.

DEAL STATS #
Overall 31 of 34
Sector (Food) 2 of 2
Type (Secondary Buyout) 10 of 10
State (Florida) 1 of 1
Country (United States) 26 of 29
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-02 Louisiana Fish Fry Products

Baton Rouge, Louisiana, United States

Louisiana Fish Fry Products is a manufacturer and supplier of branded food products including spices & seasonings, seafood boils, breadings & batters, sauces & marinades, and rice mixes. Louisiana Fish Fry Products was founded in 1982 and is based in Baton Rouge, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-13 GHR Healthcare

Plymouth Meeting, Pennsylvania, United States

GHR Healthcare is the parent company to a family of operating brands focused on the healthcare facility and community-based staffing: General Healthcare Resources, GHR Travel Nursing, GHR RevCycle Workforce, GHR Education, GHR Human Services, GHR Technology and GHR Search. Through these brands, GHR Healthcare provides a variety of workforce solutions, including local long-term contract, travel, per diem, MSP and direct hire services to clients nationwide. GHR Healthcare was established in 1993 and is based in Plymouth Meeting, Pennsylvania.

Buy -
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