M&A Deal Summary

Direct Eats Acquires Abe s Market

On May 16, 2016, Direct Eats acquired e-commerce company Abe s Market from Mistral Equity Partners

Acquisition Highlights
  • This is Direct Eats’ 1st transaction in the E-Commerce sector.
  • This is Direct Eats’ 1st transaction in the United States.
  • This is Direct Eats’ 1st transaction in Illinois.

M&A Deal Summary
Date 2016-05-16
Target Abe s Market
Sector E-Commerce
Buyer(s) Direct Eats
Sellers(s) Mistral Equity Partners
Deal Type Add-on Acquisition

Target

Abe s Market

Buffalo Grove, Illinois, United States
website
Abe's Market Co. is an ecommerce portal focused on natural and organic goods and related "healthy living" content. Abe's Market combines a broad product assortment with a highly curated product screening process and an abundance of relevant product information to enable better and more efficient product search.

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Buyer(S) 1

Buyer

Direct Eats

Wilton, Connecticut, United States

website

Category Company
Founded 2014
Sector E-Commerce
DESCRIPTION

Direct Eats, Inc. is an operator of online shopping for healthier foods.

DEAL STATS #
Overall 1 of 2
Sector (E-Commerce) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Illinois) 1 of 1
Country (United States) 1 of 2
Year (2016) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-29 Wholeshare

San Francisco, California, United States

Wholeshare, Inc. is an online direct-to-consumer marketplace for the natural and organic grocery space.

Buy -

Seller(S) 1

SELLER

Mistral Equity Partners

New York, New York, United States

Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2007
PE ASSETS 300M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Mistral Equity Partners is a consumer/media focused private equity firm. The Firm specifically looks to invest in North American retail, consumer products/services, food, and advertising opportunities. Mistral's target equity investment size is $1 to $15 million for growth investments and $25 to $50 million for buyout opportunities. Prospective transaction situations include leveraged acquisitions, build-ups, recapitalizations, restructurings, and pre-IPO growth financings. Mistral Equity Partners was formed in 2007 and is based in New York City.

DEAL STATS #
Overall 3 of 6
Sector (E-Commerce) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Illinois) 1 of 1
Country (United States) 3 of 6
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-05 Country Pure Foods

Akron, Ohio, United States

Country Pure Foods is a provider of branded and private label beverage products to healthcare and education markets as well to leading grocery retailers. Country Pure Foods was founded in 1948 and is based in Akron, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-26 The Lovesac

Stamford, Connecticut, United States

The Lovesac is an omnichannel retailer of patented furniture products. Lovesac designs furniture for real life, including Sactionals, extremely modular, washable sectional sofas; Sacs®, high end, foam-filled bean bag chairs; and other comfy lifestyle products. The Lovesac was founded in 1995 and is based in Stamford, Connecticut.

Sell -
Mergr

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