M&A Deal Summary

One Rock Capital Partners and Farol Asset Management Acquire Innophos

On October 21, 2019, private equity firms One Rock Capital Partners and Farol Asset Management acquired food company Innophos for 932M USD

Acquisition Highlights
  • This is One Rock Capital Partners’ 2nd and Farol Asset Management’s 1st transaction in the Food sector.
  • This is One Rock Capital Partners’ 2nd and Farol Asset Management’s largest (disclosed) transaction.
  • This is One Rock Capital Partners’ 15th and Farol Asset Management’s 12th transaction in the United States.
  • This is One Rock Capital Partners’ 1st and Farol Asset Management’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2019-10-21
Target Innophos
Sector Food
Buyer(s) One Rock Capital Partners
Farol Asset Management
Deal Type Going Private
Deal Value 932M USD
Advisor(s) Lazard Ltd. (Financial)
Baker Botts LLP (Legal)

Target

Innophos

Cranbury, New Jersey, United States
website
Innophos is an international producer of performance-critical and nutritional specialty ingredients, with applications in food, beverage, dietary supplements, pharmaceutical, oral care and industrial end markets. Innophos was founded in 2004 and is based in Cranbury, New Jersey.

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Buyer(S) 2

Buyer

One Rock Capital Partners

New York, New York, United States

website

Category Private Equity Firm
Founded 2010
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

One Rock Capital Partners is a private equity group focused on opportunities where the Firm can leverage its operational, strategic, and financial resources. One Rock seeks investments in mature, North American companies and will also consider distressed situations. Sectors of interest include chemicals, packaging, forest products, consumer appliances/electronics, electrical equipment, niche manufacturing, business services, environmental services, waste management, equipment rental, healthcare products, medical products, and automotive dealerships. One Rock Capital Partners is based in New York City.

DEAL STATS #
Overall 15 of 24
Sector (Food) 2 of 2
Type (Going Private) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 15 of 22
Year (2019) 3 of 3
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-09 CentroMotion

Waukesha, Wisconsin, United States

CentroMotion is a global company serving agriculture, specialty and commercial vehicle, construction, and other industrial end-markets with motion, actuation, and control solutions. EC&S primarily serves on and off-highway OEMs with highly engineered system-critical motion, actuation, and control solutions under brands that include CrossControl, Maximatecc, Elliott Manufacturing, Gits Manufacturing, Power-Packer, and Weasler Engineering. CentroMotion is based in Waukesha, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-17 Kensing

Kankakee, Illinois, United States

Kensing is a manufacturer of a broad range of specialty chemicals derived from vegetable-oil-based raw material sterols and natural vitamin E, anionic surfactants, and esters. Kensing is based in Kankakee, Illinois.

Buy -
Buyer

Farol Asset Management

Investor Investor Investor

website

Category Private Equity Firm
Founded 2011
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Farol Asset Management is a private equity firm that looks to match institutional investors with direct investment opportunities. The Firm seeks to commit $5 to $30 million per transaction to support a variety of transaction situations and typically works with opportunities brought to it by private equity firms, fund-less sponsors, entrepreneurs and operating executives. Farol Asset Management was formed in 2011 and is headquartered in New York City.

DEAL STATS #
Overall 13 of 13
Sector (Food) 1 of 1
Type (Going Private) 2 of 2
State (New Jersey) 1 of 1
Country (United States) 12 of 12
Year (2019) 4 of 4
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-29 Dairy.com

Frisco, Texas, United States

Dairy.com is a pioneering provider of market intelligence and software-as-a-service (SaaS) solutions. Each day advisory capabilities and technology suite empowers food industry customers with insight for better decisions from farm to fork. Companies of all sizes can realize operational efficiencies, controlled costs, and bottom-line benefits from the following: Milk Solutions (Producer Payroll, Dispatch, Mobile Manifest, and Receiving), QA Studio (LIMS), Trading Exchange, Market Intelligence, Consulting and Managed Services. Dairy.com connects the dairy industry to markets, intelligence and each other.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-15 24 Hour Fitness

San Ramon, California, United States

24 Hour Fitness is a health club provider, involved in helping members change their lives and reach their individual fitness goals. 24 Hour Fitness offers fitness solutions for everyone including personal training services, group exercise classes and strength, cardio and functional training equipment.

Sell -
Mergr

Product

Company

Legal