M&A Deal Summary

Mizkan Americas Acquires Border Foods

On May 12, 2011, Mizkan Americas acquired food company Border Foods from LNC Partners and Swander Pace Capital

Acquisition Highlights
  • This is Mizkan Americas’ 1st transaction in the Food sector.
  • This is Mizkan Americas’ 1st transaction in the United States.
  • This is Mizkan Americas’ 1st transaction in Illinois.

M&A Deal Summary
Date 2011-05-12
Target Border Foods
Sector Food
Buyer(s) Mizkan Americas
Sellers(s) LNC Partners
Swander Pace Capital
Deal Type Add-on Acquisition

Target

Border Foods

Mount Prospect, Illinois, United States
website
Border Foods, Inc. is a provider of ingredients and packaged food products to the Mexican food industry.

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Buyer(S) 1

Buyer

Mizkan Americas

Mt Prospect, Illinois, United States

website

Category Company
Sector Food
DESCRIPTION

Mizkan Americas has 14 manufacturing plants in the U.S. that produce a wide variety of vinegars, mustards, cooking wines, wine reductions, sushi seasoning, jellies, salad dressings, Asian sauces and other liquid condiments.

DEAL STATS #
Overall 1 of 2
Sector (Food) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Illinois) 1 of 1
Country (United States) 1 of 2
Year (2011) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-10 Born Simple

Boise, Idaho, United States

Born Simple is an operator of natural and organic barbeque sauce and broth brands. Born Simple foods are made with simple, clean ingredients just like ingredients in consumers' home pantries. Born Simple is based in Boise, Idaho.

Buy -

Seller(S) 2

SELLER

LNC Partners

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2010
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

LNC Partners is a private investment firm focused on providing $10 to $30 million of equity and junior capital to support a variety of company transactions. As a provider of debt, LNC offers subordinated debt and unitranche securities. As a provider of equity, LNC will invest as a minority or majority partner. Prospective transaction situations include buyouts, refinancings, acquisition financings, growth capital needs, and recapitalizations. Sectors of interest include business and information services, financial services, insurance, healthcare, and niche manufacturing. LNC Partners is based in Reston, Virginia.

DEAL STATS #
Overall 12 of 26
Sector (Food) 1 of 2
Type (Add-on Acquisition) 4 of 9
State (Illinois) 2 of 2
Country (United States) 12 of 26
Year (2011) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-01 Regency Healthcare Group

Nashville, Tennessee, United States

Regency Healthcare Group is a Medicare-certified provider of home-based hospice services serving Birmingham and northeast and central Alabama, Georgia, South Carolina, Tennessee, Missouri, and Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-06 Vitalyst

Bala Cynwyd, Pennsylvania, United States

Vitalyst is a provider of remote, desktop application software support services for Fortune 1000 Companies. The Company works in partnership with clients' IT departments as both a Help Desk support enhancement as well as a remote training department for desktop application software. Vitalyst was founded in 1992 and is based in Bala Cynwyd, Pennsylvania.

Sell -
SELLER

Swander Pace Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1996
PE ASSETS 1.3B USD
Size Large
Type Sector Focused
DESCRIPTION

Swander Pace Capital (SPC) is a private equity firm focused on investing in North American middle-market consumer products companies. SPC looks for companies exhibiting strong growth potential and sales of up to $500 million. Specific areas of interest include food/beverage, household products, health living, packaging, personal care, pet products, sporting goods, specialty apparel, and specialty distribution. Prospective investment situations include management-led buyouts, consolidations, divestitures, turnarounds, recapitalizations, and growth capital financings. SPC was formed in 1996 and has offices in San Francisco, California; Bedminster, New Jersey; and Ontario, Canada.

DEAL STATS #
Overall 19 of 42
Sector (Food) 9 of 22
Type (Add-on Acquisition) 10 of 25
State (Illinois) 1 of 1
Country (United States) 18 of 35
Year (2011) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-02 Kooba

Rancho Dominguez, California, United States

Kooba LLC is a premium contemporary designer of women’s luxury handbags and accessories.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-01 Wholesome Pet Care

London, United Kingdom

Wholesome Pet Care Ltd. is a manufacturer and marketer of high-quality complete dog and cat food and treats through its subsidiaries Cambrian Pet Foods and Pointer Pet Products.

Buy -
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