M&A Deal Summary

Farmer Brothers Acquires Coffee Bean International

On April 30, 2007, Farmer Brothers acquired beverage company Coffee Bean International from Crestar Partners, Svoboda Capital Partners and Prairie Capital for 22M USD

Acquisition Highlights
  • This is Farmer Brothers’ 1st transaction in the Beverages sector.
  • This is Farmer Brothers’ 3rd largest (disclosed) transaction.
  • This is Farmer Brothers’ 1st transaction in the United States.
  • This is Farmer Brothers’ 1st transaction in Oregon.

M&A Deal Summary
Date 2007-04-30
Target Coffee Bean International
Sector Beverages
Buyer(s) Farmer Brothers
Sellers(s) Crestar Partners
Svoboda Capital Partners
Prairie Capital
Deal Type Add-on Acquisition
Deal Value 22M USD
Advisor(s) Lincoln International (Financial)

Target

Coffee Bean International

Portland, Oregon, United States
website
Coffee Bean International, Inc. is a specialty coffee roaster, providing branded and private label gourmet coffee and related beverages and support services to independent and chain specialty coffee retailers.

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Buyer(S) 1

Buyer

Farmer Brothers

Northlake, Texas, United States

website

Category Company
Founded 1912
Sector Consumer Services
Employees1,068
Revenue 469M USD (2022)
DESCRIPTION

Farmer Brothers engages in the manufacture, wholesale, and distribution of coffee, tea, and culinary products in the United States. Farmer Brothers was incorporated in 1912 and is based in Northlake, Texas.

DEAL STATS #
Overall 1 of 5
Sector (Beverages) 1 of 4
Type (Add-on Acquisition) 1 of 4
State (Oregon) 1 of 3
Country (United States) 1 of 5
Year (2007) 1 of 1
Size (of disclosed) 3 of 5
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-02-01 Sara Lee - Direct-Store-Delivery Coffee Business

United States

Sara Lee’s Direct-Store-Delivery Coffee Business (DSD).

Buy $45M

Seller(S) 3

SELLER

Crestar Partners

Boca Raton, Florida, United States

Investor

website

Category Private Equity Firm
Founded 2003
Size Small
Type Sector Agnostic
DESCRIPTION

Crestar Partners is a private equity firm focused on investing and acquiring early, growth, and mature companies. Crestar targets profitable businesses, with sustainable competitive advantages. Areas of interest includes value added distribution, direct marketing, specialty finance, consumer products and differentiated businesses services. The Firm looks to be flexible provider of capital, including providing debt and equity. Crestar Partners was formed in 2003 and is based in Boca Raton, Florida.

DEAL STATS #
Overall 1 of 7
Sector (Beverages) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Oregon) 1 of 1
Country (United States) 1 of 7
Year (2007) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-26 Mystique Brands

Brooklyn, New York, United States

Mystique Brands, LLC, a wine and spirits company, engages in the production of wines, spirits, and cocktails. It offers its products through retail stores.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-07 The Edge Fitness Clubs

Orange, Connecticut, United States

The Edge Fitness Clubs, offers fitness equipment, fitness programming and specialized in-club services such as personal training and Pilates. The Edge Fitness Clubs was founded in 1987 and is based in Orange, Connecticut.

Buy -
SELLER

Svoboda Capital Partners

Chicago, Illinois, United States

Investor Investor Investor

website

Category Private Equity Firm
Founded 1998
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Svoboda Capital Partners is a private equity firm that seeks buyout, recapitalization, and growth capital investments in mid-sized companies with leading market positions, strong customer relationships, and high margins. Svoboda generally looks to invest up to $25 million in businesses generating sales of $10 to $100 million and EBITDA of $3 to $15 million. Sectors of interest include value-added distribution, business services, and consumer products. Svoboda Capital Partners was formed in 1998 and is based in Chicago, Illinois.

DEAL STATS #
Overall 9 of 33
Sector (Beverages) 1 of 1
Type (Add-on Acquisition) 3 of 13
State (Oregon) 1 of 1
Country (United States) 9 of 33
Year (2007) 2 of 4
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-14 Border Construction Specialties

Phoenix, Arizona, United States

Border Construction Specialties LLC is a distributor of specialty construction products to a diverse customer base of contractors.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-07 Midwest Dental

Mondovi, Wisconsin, United States

Midwest Dental, Inc. is a provider of business management services for dental offices serving communities throughout the Midwest. Dental practices affiliated with Midwest Dental offer a comprehensive range of treatment services including preventive, cosmetic, restorative, and reconstructive dentistry for adults and children. Midwest Dental was formed in 1968 and is based in Mondovi, Wisconsin.

Sell -
SELLER

Prairie Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1997
PE ASSETS 525M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Prairie Capital is a private investment firm that provides equity and/or mezzanine capital to support buyouts and recapitalization of lower middle-market companies generating sales of $20 - $100 million with an EBITDA of $4 - $12 million. Areas of interest include niche manufacturers, business services, consumer products, marketing services, specialty chemical, and food businesses. The firm invests in the range of $25 - $45 million per transaction. Prairie Capital was formed in 1997 and is based in Chicago, Illinois.

DEAL STATS #
Overall 14 of 55
Sector (Beverages) 1 of 1
Type (Add-on Acquisition) 3 of 18
State (Oregon) 1 of 2
Country (United States) 14 of 54
Year (2007) 1 of 4
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-01 R3 Education

Devens, Massachusetts, United States

R3 Education is a holding company formed to acquire for-profit educational institutions, including the Saba University School of Medicine, the Medical University of the Americas, and St. Matthew's University, three leading for-profit universities that award four-year graduate degrees in Doctors of Medicine with medical program curricula based on those of leading U.S.-based medical schools. R3 Education was established in 2007 and is based in Devens, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-01 Titanium Solutions

Salt Lake City, Utah, United States

Titanium Solutions provides loss mitigation and home preservation services for mortgage servicers nationwide, using a network of consultants and brokers to help homeowners avoid foreclosure.

Buy -
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