M&A Deal Summary

Altamont Capital Partners Acquires Juice Plus+

On October 9, 2018, private equity firm Altamont Capital Partners acquired consumer products company Juice Plus+ from Oak Hill Capital

Acquisition Highlights
  • This is Altamont Capital Partners’ 3rd transaction in the Consumer Products sector.
  • This is Altamont Capital Partners’ 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2018-10-09
Target Juice Plus+
Sector Consumer Products
Buyer(s) Altamont Capital Partners
Sellers(s) Oak Hill Capital
Deal Type Secondary Buyout

Target

Juice Plus+

London, United Kingdom
website
Juice Plus+ is a privately owned company selling products designed to improve quality of life. Juice Plus+ is fruit and vegetable nutrition in a convenient capsule or chewable form, with powder concentrates from 30 fruits, vegetables, and grains. Beginning with whole food based capsules, the Juice Plus+ product line has evolved to include chewable, which appeal to kids and adults alike, as well as whole food shakes and nutrition bars. Juice Plus+ was founded in 1970 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Altamont Capital Partners

Palo Alto, California, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2010
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Altamont Capital is a private equity group focused on acquiring US-based middle-market companies. The Firm has a particular interest in companies undergoing a transition, either operational or strategic, in which Altamont believes it can help navigate. Altamont can invest up to $150 million of equity per transaction and looks for businesses with EBITDA up to $100 million. The Firm prefers control transactions and targets a range of transaction types, including corporate carve-outs, build-ups, take-privates, and founder transitions. Sectors of interest include business services, financial services, industrials, healthcare, consumer, retail, restaurants, franchising, and technology. Altamont Partners was formed in 2010 and is based in Palo Alto, California.

DEAL STATS #
Overall 32 of 46
Sector (Consumer Products) 3 of 3
Type (Secondary Buyout) 2 of 2
Country (United Kingdom) 1 of 2
Year (2018) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-04 Bayou Companies

New Iberia, Louisiana, United States

Bayou Companies is a provider of onshore pipe coatings and offshore coatings and insulation, including highly-specialized insulation for the oil & gas industry. Bayou has been a reliable partner for its customers across its mission-critical suite of services and has continued to invest in capabilities that match the increasingly complex demands of the pipeline community. Bayou Companies was founded in 1942 and is based in New Iberia, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-31 McLarens

Peachtree Corners, Georgia, United States

McLarens is a global insurance services provider with offices and operations strategically located around the world. With a focus on complex, commercial and niche markets, McLarens provides loss adjusting and claims management services, as well as auditing and pre-risk surveying. The company’s global footprint enables it to provide streamlined consistent service to global customers, while at the same time delivering local expertise and responsive service. McLarens was founded in 1931 and is based in Peachtree Corners, Georgia.

Sell -

Seller(S) 1

SELLER

Oak Hill Capital

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1986
PE ASSETS 9.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Oak Hill Capital Partners was originally formed as the private equity investment vehicle for Robert Bass and in 1999, opened up to outside investors and raised its first private equity fund. Oak Hill looks to invest in middle-market companies and focuses its efforts within six industry groups. The six groups include basic industries; business and financial services; consumer, retail, and distribution; healthcare; media and telecom; and technology. Oak Hill targets businesses with defensible business models, strong market positions, and 'best-in-class' management. Oak Hill Capital was formed in 1986 and has offices in Stamford, Connecticut; Menlo Park, California; and New York City.

DEAL STATS #
Overall 45 of 55
Sector (Consumer Products) 1 of 1
Type (Secondary Buyout) 8 of 11
Country (United Kingdom) 3 of 4
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-21 FirstLight Fiber

Albany, New York, United States

FirstLight Fiber is a provider of fiber-optic data, Internet, data center and voice services to enterprise and carrier customers in New York and Northern New England with connectivity to Canada connecting in excess of 2,000 locations in service with an additional 14,000 locations serviceable by our 260,000 fiber mile network. FirstLight offers a robust suite of advanced telecommunications products featuring a comprehensive portfolio of high bandwidth connectivity solutions including Ethernet, wavelengths and dark fiber as well as dedicated Internet access solutions, data center services, and voice services such as SIP trunks, virtual PBX, and traditional TDM solutions. FirstLight Fiber was founded in 1999 and is based in Albany, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-13 SmartPak Equine

Plymouth, Massachusetts, United States

SmartPak Equine is a provider of equine supplements and horse supplies. SmartPak Equine was founded in 1999 and is based in Plymouth, Massachusetts.

Sell -
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