M&A Deal Summary

Fenway Partners Acquires Delimex

On April 3, 1997, private equity firm Fenway Partners acquired food company Delimex

Acquisition Highlights
  • This is Fenway Partners’ 1st transaction in the Food sector.
  • This is Fenway Partners’ 1st transaction in the United States.
  • This is Fenway Partners’ 1st transaction in California.
Investment Fate
  • Delimex was sold to a publicly-traded strategic buyer in 2001.

M&A Deal Summary

Date 1997-04-03
Target Delimex
Sector Food
Buyer(s) Fenway Partners
Deal Type Divestiture

Target

Delimex

San Diego, California, United States
Delimex produces and distributes frozen Mexican foods (taquitos, tamales, quesadillas, and Wrapidos flour taquitos) as well as Asian rice bowls and frozen pizzas.

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Buyer(S) 1

Buyer

Fenway Partners

Westerly, Rhode Island, United States

Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 2.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Fenway Partners is a private equity firm focused on investments in the consumer products and transportation/logistics/distribution sectors. Fenway looks for profitable companies with positive cash-flow and 'strong franchises. Prospective companies are generally valued between $100 and $600 million with $15 to $75 million of EBITDA. The Firm's investment horizon is four to six years. Fenway Partners was formed in 1994 and maintains offices in New York City and Los Angeles.


DEAL STATS #
Overall 1 of 20
Sector: Food M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 4
Country: United States M&A 1 of 18
Year: 1997 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-07-18 Simmons

Atlanta, Georgia, United States

Simmons is the second-largest bedding manufacturer in the United States and a world leader in pocketed coil spring technology. Simmons mattresses are distributed under renowned brand names such as Beautyrest and BackCare.

Buy $500M