M&A Deal Summary

Chr. Hansen A/S Acquires Nutrition Physiology

On January 13, 2016, Chr. Hansen A/S acquired food company Nutrition Physiology from Salem Halifax Capital Partners, The Halifax Group and New Canaan Funding for 185M USD

Acquisition Highlights
  • This is Chr. Hansen A/S’s 1st transaction in the Food sector.
  • This is Chr. Hansen A/S’s 2nd largest (disclosed) transaction.
  • This is Chr. Hansen A/S’s 1st transaction in the United States.
  • This is Chr. Hansen A/S’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 2016-01-13
Target Nutrition Physiology
Sector Food
Buyer(s) Chr. Hansen A/S
Sellers(s) Salem Halifax Capital Partners
The Halifax Group
New Canaan Funding
Deal Type Add-on Acquisition
Deal Value 185M USD

Target

Nutrition Physiology

Guymon, Oklahoma, United States
website
Nutrition Physiology Co. LLC is a researcher, developer, marketer and supplier of natural and organic, feed additives designed to improve overall herd health and feed efficiency in cattle feedlots and dairies.

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Buyer(S) 1

Buyer

Chr. Hansen A/S

Horsholm, Denmark

website

Category Company
Founded 1874
Sector Food
Employees2,300
Revenue 8M USD (2008)
DESCRIPTION

Chr. Hansen Holding A/S develops, produces and markets unique and innovative savory solutions (the non-sweet taste spectrum), including flavors, seasoning compounds and functional ingredients for the food industry, with special emphasis on the fields of processed meat and convenience food.

DEAL STATS #
Overall 1 of 2
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Oklahoma) 1 of 1
Country (United States) 1 of 2
Year (2016) 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-09 UAS Laboratories

Wausau, Wisconsin, United States

UAS Laboratories is a research, development company that manufactures probiotic nutritional supplements. UAS Laboratories was founded in 1979 and is based in Wausau, Wisconsin.

Buy $530M

Seller(S) 3

SELLER

Salem Halifax Capital Partners

Marietta, Georgia, United States

website

Category Mezzanine Finance Firm
Founded 1999
PE ASSETS 105M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Salem Halifax Capital Partners is a mezzanine investment firm that targets investments in traditional manufacturing, distribution, and service businesses located in the Southeast US. Salem looks to commit $2 to $10 million of junior capital in companies with predictable cash-flows and sales of $10 to $75 million. Salem Halifax was originally formed in 1999 and was known as Venture Capital Solutions from 1999 to 2004. Salem has offices in Winston-Salem, North Carolina, and Atlanta, Georgia.

DEAL STATS #
Overall 7 of 10
Sector (Food) 1 of 1
Type (Add-on Acquisition) 2 of 5
State (Oklahoma) 1 of 1
Country (United States) 7 of 10
Year (2016) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-20 Panhandle

OKC, Oklahoma, United States

Panhandle is an oil field services provider which serves a diversified base of customers in nine states. Panhandle was founded in 1989 and is based in Oklahoma City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-30 Simkar

Philadelphia, Pennsylvania, United States

Simkar Corp. is a manufacturer of linear and compact fluorescent, exit and emergency, HID and vandal resistant lighting fixtures for commercial, industrial and residential applications.

Sell -
SELLER

The Halifax Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1999
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Halifax Group is a private equity firm focused on investing in established, profitable, and growing companies. The Firm prefers completing transactions in partnership with management and typically looks to invest $40 to $80 million per acquisition. Prospective companies generally have revenues of at least $20 million and EBITDA greater than $5 million. Sectors of interest include business services, healthcare services, infrastructure services, and 'wellness' products and services. Halifax prefers opportunities located in North America. The Halifax Group was formed in 1999 and is based in Washington, DC, with additional offices in Dallas, Texas and Raleigh, North Carolina.

DEAL STATS #
Overall 13 of 22
Sector (Food) 1 of 1
Type (Add-on Acquisition) 6 of 8
State (Oklahoma) 1 of 1
Country (United States) 11 of 18
Year (2016) 1 of 3
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-29 Caring Brands International

Sunrise, Florida, United States

Caring Brands International is a provider of home healthcare services under three global brands: Interim Healthcare (United States), Bluebird Care (United Kingdom & Republic of Ireland) and Just Better Care (Australia). The franchisees offer patients a full continuum of care including skilled home nursing, assistance with daily living activities and end-of-life hospice care. Caring Brands International was founded in 1966 and is based in Sunrise, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-13 Familia Dental Group Holdings

Peoria, Illinois, United States

Familia Dental Group Holdings LLC is a dental services organization provides quality, affordable dental care to underserved populations in smaller markets across five states. The Company provides general dentistry, orthodontics and oral surgery services to over 250,000 patients annually.

Buy -
SELLER

New Canaan Funding

New Canaan, Connecticut, United States

website

Category Mezzanine Finance Firm
Founded 1995
PE ASSETS 238M USD
Size Small
Type Sector Agnostic
DESCRIPTION

New Canaan Funding is a middle-market mezzanine finance firm. New Canaan looks to provide subordinated debt to help fund acquisitions, recapitalizations and growth financings. New Canaan invests $3 to $20 million per transaction with an EBITDA of $3 million. New Canaan Funding was formed in 1995 and has offices in New Canaan, Connecticut and Wheaton, Illinois.

DEAL STATS #
Overall 30 of 36
Sector (Food) 6 of 6
Type (Add-on Acquisition) 13 of 13
State (Oklahoma) 2 of 2
Country (United States) 29 of 35
Year (2016) 1 of 4
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-14 Safemark

Orlando, Florida, United States

Safemark is a provider of technology-enabled secure storage, mobility and guest amenity solutions. Safemark operates three brands (Safemark, Best Lockers and ScooterBug) whose products enable the Company to reach a broad set of end markets, including water parks, theme/amusement parks, resorts, hotels, zoos, and casinos, among others.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-09 Technical Innovations

Norcross, Georgia, United States

Technical Innovation is a provider of custom design-build audio visual integration services and digital multimedia technology. The Company focuses on providing video-centric communication solutions to corporations, state and federal government agencies, universities, professional organizations and faith-based markets. Due to the Company's experience as an audio visual systems designer as well as its proprietary design-build integration process, Technical Innovation is uniquely positioned to provide its customers with comprehensive, customized services including turnkey design-build projects, custom software development and integration, full project management and ongoing customer support.

Sell -
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