M&A Deal Summary

Capitol Peak Partners and KKR Acquire Borden Dairy

On June 16, 2020, private equity firms Capitol Peak Partners and KKR acquired food company Borden Dairy for 340M USD

Acquisition Highlights
  • This is Capitol Peak Partners’ 1st and KKR’s 15th transaction in the Food sector.
  • This is Capitol Peak Partners’ and KKR’s 88th largest (disclosed) transaction.
  • This is Capitol Peak Partners’ 1st and KKR’s 148th transaction in the United States.
  • This is Capitol Peak Partners’ 1st and KKR’s 20th transaction in Texas.

M&A Deal Summary

Date 2020-06-16
Target Borden Dairy
Sector Food
Buyer(s) Capitol Peak Partners
KKR
Deal Type Special Situations/Distressed
Deal Value 340M USD

Target

Borden Dairy

Dallas, Texas, United States
website
Borden Dairy is a dairy processor operating 13 facilities in the Midwest, Southern, and Southeastern regions of the United States. The Company provides milk products to customers in the grocery, mass market, club, food service, hospitality, school and convenience store channels. Borden Dairy was founded in 1857 and is based in Dallas, Texas.

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Buyer(S) 2

DESCRIPTION

Capitol Peak Partners is a private investment firm focused on mid-sized consumer businesses throughout North America. The Firm prefers to partner with founder and entrepreneurs when targeting opportunities, however Capitol Peak will also consider distressed situations. Capitol Peak Partners was formed in 2017 and is headquartered in Denver, Colorado.


DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Special Situations/Distressed) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1976
PE ASSETS 510.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 338 of 428
Sector (Food) 15 of 15
Type (Special Situations/Distressed) 3 of 3
State (Texas) 20 of 23
Country (United States) 148 of 189
Year (2020) 17 of 38
Size (of disclosed) 88 of 94
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-16 Vinhomes

Ha Noi, Vietnam

Vinhomes is an integrated real estate developer in Vietnam with activities including developing, trading, and leasing residential, commercial, and industrial real estate and providing real estate management and related services. Vinhomes was founded in 2002 and is based in Ha Noi, Vietnam.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-18 Roompot

Goes, Netherlands

Roompot is a European holiday park operator active in the exploitation of holiday parks, tour operating services for third party holiday parks, and the development of holiday parks. Roompot was founded in 1965 and is based in Goes, Netherlands.

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