M&A Deal Summary

CapVest Acquires Second Nature Brands

On April 26, 2022, private equity firm CapVest acquired food company Second Nature Brands from Palladium Equity Partners

Acquisition Highlights
  • This is CapVest’s 8th transaction in the Food sector.
  • This is CapVest’s 3rd transaction in the United States.
  • This is CapVest’s 1st transaction in Michigan.

M&A Deal Summary

Date 2022-04-26
Target Second Nature Brands
Sector Food
Buyer(s) CapVest
Sellers(s) Palladium Equity Partners
Deal Type Secondary Buyout

Target

Second Nature Brands

Madison Heights, Michigan, United States
website
Second Nature Brands is a creator of snacks and treats that make lives better, naturally. By investing in new product development, thoughtful ingredient sourcing, and innovative business processes, Second Nature Brands is reimagining premium and better-for-you snacks and treats. Under its growing family of brands, Kar's Nuts, Second Nature Snacks, and Sanders Chocolates, Second Nature Brands has an extensive distribution network across the United States and a growing direct-to-consumer eCommerce presence. Second Nature Brands is based in Madison Heights, Michigan.

Search 192,611 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

CapVest

London, United Kingdom

website


Category Private Equity Firm
Founded 1999
PE ASSETS 4.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

CapVest is a UK-based private equity firm that targets investments in mid-market businesses across Europe. CapVest focuses on profitable companies with growth potential and strong management. Specific areas of interest include food/beverages (especially frozen food sector), healthcare, real estate, retail, media, hotel/leisure, and telecommunication services. CapVest is affiliated with junior capital investor, MezzVest. CapVest was formed in 1999 and is based in London.


DEAL STATS #
Overall 19 of 23
Sector (Food) 8 of 9
Type (Secondary Buyout) 12 of 15
State (Michigan) 1 of 1
Country (United States) 3 of 3
Year (2022) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-11 Virtus Health

Greenwich, Australia

Virtus Health is a provider of clinical, scientific, diagnostic and day surgery services. Virtus Health was founded in 2008 and is based in Greenwich, Australia.

Buy $515M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-15 Natra

Madrid, Spain

Natra is a Spanish multinational company specializing in producing chocolate products for the private label brand and other food companies, as well as in cocoa derivatives. The company’s consumer goods division is responsible for the manufacturing of chocolate tablets, countlines, spreads and Belgian chocolates and specialties, which are commercialized mainly in Europe, with Germany, France, Belgium, Holland, Spain and United Kingdom as main markets. Natra was formed in 1943 and is based in Madrid, Spain.

Buy -

Seller(S) 1

SELLER

Palladium Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1997
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Palladium Equity Partners is a private equity firm that looks to invest in businesses focused on the US Hispanic marketplace. Target sectors include business services, financial services, consumer/retail, food/restaurants, healthcare, manufacturing, and media. Palladium's target investment size is $50 to $150 million with an EBITDA of $10 to $75 million. The Firm will consider investing in mature, stable businesses as well as younger companies and turnaround situations. Palladium was formed in 1997 and is based in New York City.


DEAL STATS #
Overall 22 of 24
Sector (Food) 6 of 6
Type (Secondary Buyout) 7 of 8
State (Michigan) 2 of 2
Country (United States) 22 of 24
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-10 Health Connect America

Franklin, Tennessee, United States

Health Connect America provides mental and behavioral health services to children, families, and adults across multiple states. The company is honored to be a part of the communities it serves and walk alongside its clients as they embark on a journey to self-improvement and more fulfilling lives. Health Connect America provides its services in the community, in-home, or in one of the multiple offices across several states. Its network of direct care professionals is readily available to meet the needs of our clients and their families in our communities. Health Connect America is based in Franklin, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-13 GoodWest

Douglassville, Pennsylvania, United States

GoodWest is a manufacturer and supplier of aseptic beverages and food service dispensing solutions, primarily selling shelf-stable, bulk, bag-in-box coffee creamer, and iced coffee. GoodWest was founded in 1994 and is based in Douglassville, Pennsylvania.

Sell -