M&A Deal Summary

High Road Capital Partners Acquires PANOS brands

On December 20, 2010, private equity firm High Road Capital Partners acquired food company PANOS brands from Wessanen Nederland Holding B.V. for 22M USD

Acquisition Highlights
  • This is High Road Capital Partners’ 1st transaction in the Food sector.
  • This is High Road Capital Partners’ largest (disclosed) transaction.
  • This is High Road Capital Partners’ 3rd transaction in the United States.
  • This is High Road Capital Partners’ 2nd transaction in New Jersey.
Investment Fate
  • PANOS brands was sold to a consortium of financial buyers in 2016.

M&A Deal Summary
Date 2010-12-20
Target PANOS brands
Sector Food
Buyer(s) High Road Capital Partners
Sellers(s) Wessanen Nederland Holding B.V.
Deal Type Divestiture
Deal Value 22M USD

Target

PANOS brands

Saddle Brook, New Jersey, United States
website
PANOS brands LLC manufactures and markets natural and specialty food and beverage products sold in the US and Canada, with a portfolio of brands including KA-ME Asian foods, Seamark crackers, MI-DEL cookies, and Amore food pastes. PANOS brands was founded in 2006 and is based in Saddle Brook, New Jersey.

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Buyer(S) 1

Buyer

High Road Capital Partners

Greenwich, Connecticut, United States

Investor Investor Investor

website

Category Private Equity Firm
Founded 2007
PE ASSETS 470M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

High Road Capital Partners LLC is a private equity firm focused on acquiring smaller middle-market companies in partnership with management. High Road looks to invest in companies with revenues of $10 to $100 million with an EBITDA of $3 to $ 10 million. Broad areas of interest include manufacturing, service, and value-added distribution businesses. Target transaction situations include buyouts and recapitalization. High Road will consider both control and non-control investments. High Road Capital Partners was formed in 2007 and is based in New York City.

DEAL STATS #
Overall 5 of 19
Sector (Food) 1 of 1
Type (Divestiture) 1 of 2
State (New Jersey) 2 of 4
Country (United States) 3 of 17
Year (2010) 2 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-02 Celco Controls

Winnipeg, Manitoba, Canada

Celco Controls engineers, programs and assembles customized automation control systems for a diverse set of end-markets, including food processing, metals and mining, power generation, and infrastructure. Celco Controls was founded in 1979 and is based on Winnipeg, Manitoba.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-22 Dowden Health Media

Montvale, New Jersey, United States

Dowden Health Media, Inc. provides marketing, communications, and information technology services to pharmaceutical companies and hospitals. Its three divisions develop content and arrange meetings to help pharmaceutical companies reach doctors, produce editorial content and provide print and online marketing services for hospitals, and provide electronic media-oriented marketing solutions. Dowden Health Media was founded in 1988 and is based in Montvale, New Jersey.

Buy -

Seller(S) 1

SELLER

Wessanen Nederland Holding B.V.

Amsterdam, Netherlands

website

Category Company
Founded 1765
Sector Food
Revenue 628M EUR (2018)
DESCRIPTION

Wessanen Nederland Holding B.V. is a multinational food company focused on providing sustainable and organic food to people with operations in Europe and North America. Wessanen was formed in 1765 and is based in Amsterdam, Netherlands.

DEAL STATS #
Overall 5 of 9
Sector (Food) 5 of 8
Type (Divestiture) 4 of 7
State (New Jersey) 2 of 2
Country (United States) 3 of 4
Year (2010) 2 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-01 KeHE Natural Sales

St. Augustine, Florida, United States

KeHE Natural Sales offers gluten free and other allergen free products.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-01 Clipper Teas

Beaminster, United Kingdom

Clipper Teas Ltd. offers teas, coffees, and hot chocolate drinks to customers worldwide.

Buy -
Mergr

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