M&A Deal Summary |
|
|---|---|
| Date | 2012-12-01 |
| Target | Immaculate Baking |
| Sector | Food |
| Buyer(s) | General Mills |
| Sellers(s) |
Dogwood Equity
Sherbrooke Capital Partners LFE Capital |
| Deal Type | Add-on Acquisition |
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| Category | Company |
|---|---|
| Founded | 1866 |
| Sector | Food |
| Employees | 32,500 |
| Revenue | 20.1B USD (2023) |
General Mills is a multinational manufacturer and marketer of branded consumer foods sold through retail stores. The Company is also a supplier of branded and unbranded food products to the foodservice and commercial baking industries. General Mills' portfolio includes a wide range of well-known brands such as Cheerios, Yoplait, Betty Crocker, Pillsbury, Haagen-Dazs, Annie's Homegrown, and Nature Valley, among others. The company's products encompass various categories, including cereals, yogurt, snack bars, meal kits, ready-to-eat meals, and frozen desserts. General Mills was founded in 1866 and is based in Minneapolis, Minnesota.
| DEAL STATS | # |
|---|---|
| Overall | 12 of 20 |
| Sector (Food) | 11 of 18 |
| Type (Add-on Acquisition) | 10 of 17 |
| State (Massachusetts) | 2 of 2 |
| Country (United States) | 10 of 16 |
| Year (2012) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-03-24 |
Yoki Alimentos SA
Sao Bernardo do Campo, Brazil Yoki is a privately held company that makes snacks, dry soups, side dishes, seasonings and other products. |
Buy | R$2.0B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-09-08 |
Annie s
Berkeley, California, United States Annie's, Inc. is a natural and organic food company that offers great-tasting products in large packaged food categories. Annie's products are made without artificial flavors, synthetic colors, and preservatives regularly used in many conventional packaged foods. |
Buy | $820M |
| Category | Private Equity Firm |
|---|---|
| Founded | 2002 |
| PE ASSETS | 74M USD |
| Size | Small |
| Type | Sector Agnostic |
Dogwood Equity is a private equity fund focused on control buyouts and select non-control investments in private companies located in the Southeast US. The firm will consider investments in a broad range of industries, including manufacturing, distribution, service, and consumer products. Prospective companies generally have revenue of $10 to $75 million and EBITDA of $3 to $10 million. Dogwood's target investment size is $4 to $10 million. Dogwood Equity was formed in 2002 and is based in Raleigh, North Carolina, with an additional office in Charlotte.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 8 |
| Sector (Food) | 1 of 2 |
| Type (Add-on Acquisition) | 1 of 3 |
| State (Massachusetts) | 1 of 1 |
| Country (United States) | 4 of 8 |
| Year (2012) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-04-03 |
Ajax Rolled Ring & Machine
York, South Carolina, United States Ajax Rolled Ring & Machine, Inc. is a manufacturer of seamless rolled rings. Ajax provides heat treating, machining, and shot blasting of the forged rings. The rings are consumed in various global end markets, including mining, construction, oil and gas, and power generation. Ajax Rolled Ring & Machine was founded in 1956 and is based in York, South Carolina. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-10-01 |
Park Designs
Goldsboro, North Carolina, United States Park Designs is a designer, importer and marketer of home décor, giftware, decorative accessories and lighting products. Scout’s Products are sold under the Park Designs and Split P brands to more than 7,000 retailers. Park Designs was founded in Goldsboro, North Carolina. |
Sell | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1999 |
| Size | Small |
| Type | Sector Agnostic |
Sherbrooke Capital Partners is a private equity firm focused on growth oriented investments in consumer companies. The Firm looks to invest up to $10 million in companies generating $5 to $25 million in revenue. Specific areas of interest include food, beverages, nutrition/wellness, personal care, household products, animal care, green living, education, and e-commerce. Sherbrooke Capital Partners was formed in 1999 and is based in Wellesley, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 9 |
| Sector (Food) | 3 of 4 |
| Type (Add-on Acquisition) | 6 of 7 |
| State (Massachusetts) | 3 of 4 |
| Country (United States) | 7 of 9 |
| Year (2012) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-05-01 |
Farmigo
Palo Alto, California, United States Farmigo is an online farmer’s market that connects workplaces directly to multiple local farms to provide a personalized online marketplace for local, fresh-from-harvest food. Farmigo was founded in 2009 and is based in Palo Alto, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-03-20 |
Halfpops
Woodinville, Washington, United States Halfpops is a manufacturer and marketer of an innovative and unique partially popped and delicious popcorn snack. It’s just what it sounds like – half popped popcorn, the crunchy heart of air-popped kernels. Halfpops is gluten free, nut free, and contains zero grams of trans fat. Halfpops is based in Woodinville, Washington. |
Buy | - |
LFE Capital is a private equity firm that provides junior and buyout capital to middle-market companies located in the upper Midwest US. Sectors of interest include consumer products and services, health related products and services, and business services. LFE prefers established or emerging businesses with at least $5 million of annual revenue and $1 million of cash-flow. LFE has a special interest in businesses that are owned or led by women and businesses that target female consumers. The Firm will consider both control and minority positions. LFE Capital was formed in 1999 and is based in Minneapolis, Minnesota.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 8 |
| Sector (Food) | 1 of 1 |
| Type (Add-on Acquisition) | 3 of 6 |
| State (Massachusetts) | 1 of 1 |
| Country (United States) | 4 of 8 |
| Year (2012) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-01-20 |
Fitness on Request
Minnepolis, Minnesota, United States Fitness on Request, Inc. manufactures and sells the fitness industry’s first interactive, large screen high definition video technology that brings the group fitness experience for health clubs, corporate wellness centers, hotels, military bases, and senior care centers. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-12-19 |
FoodChain ID
Fairfield, Iowa, United States FoodChain ID is a provider of analytic testing, third-party certification, and consulting services to the agriculture and food industries. The company’s products are used for the testing of food and agricultural products to detect genetically modified organisms (GMOs) and to ensure compliance with national and international government regulations, client and trading partner demands, and consumer information needs. FoodChain ID was founded in 1996 and is based in Fairfield, Iowa. |
Sell | - |
