M&A Deal Summary |
|
|---|---|
| Date | 2017-09-25 |
| Target | Corporate Caterers |
| Sector | Franchising |
| Buyer(s) |
Salt Creek Capital
Gemini Investors |
| Deal Type | Buyout (LBO, MBO, MBI) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 2009 |
| Size | Small |
| Type | Sector Agnostic |
Salt Creek Capital (SCC) is a private equity firm focused on the lower middle-market. SCC targets growth oriented businesses (organic or through acquisitions) with the potential to lead their respective markets. Prospective companies are generally profitable ($1 million+ of EBITDA) and generate $3 to $50 million of revenue. Sectors of interest include business services, energy services, distribution, franchising, logistics, and specialty finance. Target transaction situations include recapitalizations, successions, growth capital financings, shareholder liquidity needs, MBOs, and divestitures. Salt Creek Capital is based in Menlo Park, California.
| DEAL STATS | # |
|---|---|
| Overall | 23 of 45 |
| Sector (Franchising) | 1 of 1 |
| Type (Buyout (LBO, MBO, MBI)) | 17 of 37 |
| State (Florida) | 2 of 2 |
| Country (United States) | 23 of 45 |
| Year (2017) | 4 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-08-22 |
LM Foods
Carteret, New Jersey, United States LM Foods LLC is a producer of frozen, private label surimi seafood, offering premium, select and value products and also selling premium products under the Classic Bay brand name. LM Foods was founded in 1990 and is based in Carteret, New Jersey. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-02-20 |
Flavor of California
United States Flavor of California markets a line of branded Bob’s Big Boy refrigerated salad dressings, sauces, and assorted condiments, supplying both the chain's restaurants and grocery stores. Flavor of California is based in the United States. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1993 |
| PE ASSETS | 650M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Gemini Investors is a middle-market private equity firm that targets investments in growing and established businesses. Areas of interest include technology, business services, consumer services, healthcare, education, manufacturing and distribution. Gemini looks for companies with $5 to $50 million in annual revenue and typically makes investments of $3 to $8 million in the form of preferred stock and/or subordinated debt. Prospective transaction types include growth capital, recapitalization and buyout situations. Gemini Investors was formed in 1993 and is based in Wellesley, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 80 of 95 |
| Sector (Franchising) | 3 of 3 |
| Type (Buyout (LBO, MBO, MBI)) | 33 of 38 |
| State (Florida) | 5 of 7 |
| Country (United States) | 80 of 95 |
| Year (2017) | 6 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-09-19 |
TruFit Athletic
McAllen, Texas, United States Tru Fit Athletic is an operator of an independent high-value, low-cost fitness club chain. Tru Fit was founded in 2006 and is based in McAllen, Texas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-11-01 |
Light Soda
San Francisco, California, United States Light Soda is a provider of equipment rental services to the restaurant industry in San Francisco. Offering refrigerators, ice machines, beverage systems, ovens, mixers and prep tables on a monthly basis to a wide variety of independent restaurant and bar customers, Light Soda also provides delivery, service and maintenance on the equipment. Light Soda was founded in 1947 and is based in San Francisco, California. |
Buy | - |
