Investment Summary

Triangle Capital and Farragut Capital Partners Invest In Hatch Chile

On July 15, 2010, private equity firm Triangle Capital and mezzanine finance firm Farragut Capital Partners invested in food company Hatch Chile

Investment Highlights
  • This is Triangle Capital’s 3rd and Farragut Capital Partners’ 3rd transaction in the Food sector.
  • This is Triangle Capital’s 42nd and Farragut Capital Partners’ 41st transaction in the United States.
  • This is Triangle Capital’s 1st and Farragut Capital Partners’ 1st transaction in New Mexico.

Investment Summary

Date 2010-07-15
Target Hatch Chile
Sector Food
Investor(s) Triangle Capital
Farragut Capital Partners
Deal Type Growth Capital

Target

Hatch Chile

Albuquerque, New Mexico, United States
website
Hatch Chile Co. is a branded packaged food company that markets, sells, and distributes Mexican-style food products. Hatch sells products under four brand names: HATCH, Mountain Pass, Sadie’s, and REX. Hatch products include green chilies, jalapeño peppers, cooking sauces, salsas, dips, and tomato products. Hatch Chile Co. is based in Albuquerque, New Mexico.

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Investor(S) 2

Investor

Triangle Capital

Raleigh, North Carolina, United States

website


Category Private Equity Firm
Founded 2007
Size Middle-Market
Type Sector Agnostic
DESCRIPTION


DEAL STATS #
Overall 42 of 114
Sector (Food) 3 of 10
Type (Growth Capital) 3 of 16
State (New Mexico) 1 of 1
Country (United States) 42 of 112
Year (2010) 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-24 Minco Technology Labs

Austin, Texas, United States

Minco is a fab-less manufacturer, processor and value-added distributor of semiconductors and components used in military, aerospace, medical, energy and other high-reliability applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-10 Carolina Beverage Group

Mooresville, North Carolina, United States

Carolina Beverage Group LLC (CBG) is a manufacturer of a dozen, high-quality, draft beers sold and distributed in five mid-Atlantic states under the Carolina Blonde and Cottonwood Ales brands. Carolina Beverage Group LLC was founded in 1997 and is based in Mooresville, North Carolina.

Buy -
Investor

Farragut Capital Partners

Chevy Chase, Maryland, United States

Investor Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 2011
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Farragut Capital Partners LLC is a private investment firm that provides mezzanine and equity capital to help finance buyouts, generational transfers, growth capital financings, and recapitalizations. The Firm prefers asset-light businesses with unique and defensible market positions, stable business models, and reasonable capital expenditure and working capital needs. Sectors of interest include light and niche manufacturing, business services, distribution & logistics, and media. Farragut's target investment size is $2 to $10 million. Farragut Capital Partners was formed in 2011 and is based in Washington, District of Columbia.


DEAL STATS #
Overall 41 of 86
Sector (Food) 3 of 5
Type (Growth Capital) 7 of 25
State (New Mexico) 1 of 1
Country (United States) 41 of 86
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-01 Advanced Call Center Technologies

Berwyn, Pennsylvania, United States

Advanced Call Center Technologies is an outsourced call center operator specializing in customer relationship management (“CRM”) and accounts receivable management (“ARM”) services for customers primarily in the financial services and telecommunications industries. Advanced Call Center Technologies was founded in 1996 and is based in Berwyn, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-12 KTAQ-TV

Greenville, Texas, United States

KTAQ–TV is a full-power commercial television station, licensed to the community of Greenville, Texas and owned by Simons Broadcasting, LP. KTAQ-TV transmits an analog signal from its original Greenville location as well as a digital signal from a DTV transmitter at the Cedar Hill Antenna Farm, which is centrally located in the Dallas-Fort Worth metropolitan area. This new location enables KTAQ to reach over 5,000,000 people over the air in the Dallas-Ft. Worth market.

Sell -