M&A Deal Summary |
|
|---|---|
| Date | 2015-07-13 |
| Target | Applegate Farms |
| Sector | Food |
| Buyer(s) | Hormel Foods |
| Sellers(s) | Swander Pace Capital |
| Deal Type | Add-on Acquisition |
| Deal Value | 775M USD |
| Advisor(s) | Goldman Sachs (Financial) Ballard Spahr LLP Fried Frank Harris Shriver & Jacobson LLP (Legal) |
SEARCH BY
Try For Free 7-Day Free Trial
| Category | Company |
|---|---|
| Founded | 1891 |
| Sector | Food |
| Employees | 20,000 |
| Revenue | 12.5B USD (2022) |
Hormel Foods is a multinational manufacturer and marketer of consumer-branded food and meat products, many of which are among the best known and trusted in the food industry. Hormel Foods was formed in 1891 and is based in Austin, Minnesota.
| DEAL STATS | # |
|---|---|
| Overall | 10 of 17 |
| Sector (Food) | 10 of 17 |
| Type (Add-on Acquisition) | 5 of 9 |
| State (New Jersey) | 2 of 2 |
| Country (United States) | 10 of 15 |
| Year (2015) | 1 of 1 |
| Size (of disclosed) | 2 of 11 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-06-30 |
CytoSport
Benicia, California, United States CytoSport, Inc. is a manufacturer of muscle milk products and developer and marketer of premium sports nutrition products. |
Buy | $450M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-04-26 |
Diamond Crystal Brands
Savannah, Georgia, United States Diamond Crystal Brands is a manufacturer and distributor of customized foodservice solutions, including sauces,dressings, condiments, drink mixes, salt, pepper, sweeteners and other food and beverage products. DCB has a diverse customer base of blue chip foodservice distributors, national restaurant chains and convenience stores. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1996 |
| PE ASSETS | 1.3B USD |
| Size | Large |
| Type | Sector Focused |
Swander Pace Capital (SPC) is a private equity firm focused on investing in North American middle-market consumer products companies. SPC looks for companies exhibiting strong growth potential and sales of up to $500 million. Specific areas of interest include food/beverage, household products, health living, packaging, personal care, pet products, sporting goods, specialty apparel, and specialty distribution. Prospective investment situations include management-led buyouts, consolidations, divestitures, turnarounds, recapitalizations, and growth capital financings. SPC was formed in 1996 and has offices in San Francisco, California; Bedminster, New Jersey; and Ontario, Canada.
| DEAL STATS | # |
|---|---|
| Overall | 26 of 41 |
| Sector (Food) | 14 of 21 |
| Type (Add-on Acquisition) | 14 of 24 |
| State (New Jersey) | 1 of 2 |
| Country (United States) | 24 of 34 |
| Year (2015) | 2 of 5 |
| Size (of disclosed) | 1 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-06-11 |
Bravo Sports
Santa Fe Springs, California, United States Bravo Sports is a manufacturer of sporting goods and outdoor categories. Bravo provides branded consumer products such as scooters, skateboards, skates, and canopies to a blue-chip customer base across the mass merchants, sporting goods and big-box retailers. Bravo Sports was founded in 1965 and is based in Santa Fe Springs, California. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-07-22 |
Merrick Pet Care
Amarillo, Texas, United States Merrick Pet Care, Inc. is a fully integrated manufacturer and marketer of super premium dry and wet pet foods and treats, under the Merrick and Castor & Pollux brands. |
Sell | - |
