M&A Deal Summary

Encore Consumer Capital Acquires Atlantic Aqua Farms

On October 23, 2008, private equity firm Encore Consumer Capital acquired agriculture company Atlantic Aqua Farms

Acquisition Highlights
  • This is Encore Consumer Capital’s 1st transaction in the Agriculture sector.
  • This is Encore Consumer Capital’s 1st transaction in Canada.
  • This is Encore Consumer Capital’s 1st transaction in Prince Edward Island.
Investment Fate
  • Atlantic Aqua Farms was sold to a consortium of financial buyers in 2017.

M&A Deal Summary

Date 2008-10-23
Target Atlantic Aqua Farms
Sector Agriculture
Buyer(s) Encore Consumer Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Atlantic Aqua Farms

Orwell Cove, Prince Edward Island, Canada
website
Atlantic Aqua Farms is the largest grower and processor of the widely-recognized, high-quality Prince Edward Island mussels under the brand names Canadian Cove and Confederation Cove, and also offers a wide selection of branded oysters, clams, and live Maine and Canadian lobster. Atlantic Aqua Farms was founded in 1987 and is based in Orwell Cove, Prince Edward Island.

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Buyer(S) 1

Buyer

Encore Consumer Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2005
PE ASSETS 600M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Encore Consumer Capital is a specialist private equity firm focused on the food and consumer products industries. Specific areas of interest include food and beverage, health and beauty care, pet, automotive aftermarket, infant and children's products, and leisure products. Encore prefers companies in revenues of $10 - $100 million. It looks to invest $5 - $40 million. Encore generally invests in control situations but will consider select minority investments. Encore will not invest in restaurant-only or retail-only companies. Encore operates in partnership with Encore Associates, a strategic advisory firm. Encore Consumer Capital was formed in 2005 and is based in San Francisco.


DEAL STATS #
Overall 7 of 22
Sector (Agriculture) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 5 of 7
State (Prince Edward Island) 1 of 1
Country (Canada) 1 of 1
Year (2008) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-01 MyChelle Dermaceuticals

Louisville, Colorado, United States

MyChelle Dermaceuticals is a marketer of natural skin care sold under the MyChelle brand name. The brand’s products provide highly concentrated, active dermatological ingredients with clean and conscious formulations. MyChelle products are sold through the natural retail and direct-to-consumer channels.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-14 Aldik

Moorpark, California, United States

Aldik Inc., a leader in distinctive, high-quality merchandise servicing the floral and home decor industries for more than four decades.

Sell -