M&A Deal Summary

JBS Acquires Swift

On July 12, 2007, JBS acquired food company Swift from HM Capital Partners and Kainos Capital for 1.5B USD

Acquisition Highlights
  • This is JBS’s 2nd transaction in the Food sector.
  • This is JBS’s 2nd largest (disclosed) transaction.
  • This is JBS’s 2nd transaction in the United States.
  • This is JBS’s 2nd transaction in Colorado.

M&A Deal Summary

Date 2007-07-12
Target Swift
Sector Food
Buyer(s) JBS
Sellers(s) HM Capital Partners
Kainos Capital
Deal Type Add-on Acquisition
Deal Value 1.5B USD

Target

Swift

Greeley, Colorado, United States
website
Swift & Company is a processor of fresh beef and pork in the U.S. and a beef processor in Australia. Swift processes, prepares, packages, markets, and delivers fresh, further processed and value-added beef and pork products to customers in the United States and international markets. Swift & Company was formed in 1855 and is based in Greeley, Colorado.

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Buyer(S) 1

Buyer

JBS

São Paulo, Brazil

website


Category Company
Founded 1953
Sector Food
Employees250,000
Revenue 270.2B BRL (2020)
DESCRIPTION
JBS office in Greeley, Colorado.
JBS office in Greeley, Colorado.

JBS is a global producer and processor of beef, chicken and pork, and other meat products. JBS was established in 1953 and is based in São Paulo, Brazil.


DEAL STATS #
Overall 2 of 11
Sector (Food) 2 of 10
Type (Add-on Acquisition) 2 of 7
State (Colorado) 2 of 2
Country (United States) 2 of 5
Year (2007) 2 of 2
Size (of disclosed) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-12 S&C Holdco 3

Greeley, Colorado, United States

S&C Holdco 3, Inc. is a provider of processed food.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-28 Smithfield Beef Group

Tolleson, Arizona, United States

Smithfield Beef Group, Inc. engages in processing and supplying beef products to food retailers and foodservice industries throughout the Southwest and California.

Buy $565M

Seller(S) 2

SELLER

HM Capital Partners

Dallas, Texas, United States

website


Category Private Equity Firm
Founded 1989
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

HM Capital (formerly Hicks, Muse, Tate & Furst, Inc.) is a private equity firm that seeks investments in middle-market companies valued between $100 million and $1 billion. HM Capital's investments include acquisitions of large corporate divestitures, acquisitions or recapitalizations of privately owned or publicly traded businesses, and acquisitions of distressed businesses either through a restructuring or bankruptcy process. Sectors of interest include media, consumer products, energy, financial services, food/beverage, information services and niche manufacturing. HM Capital Partners was formed in 1989 and is based in Dallas, Texas.


DEAL STATS #
Overall 4 of 15
Sector (Food) 1 of 4
Type (Add-on Acquisition) 1 of 5
State (Colorado) 1 of 1
Country (United States) 2 of 10
Year (2007) 2 of 2
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-04 Persona Communications

St. John’s, Alberta, Canada

Persona (formerly Regional Cablesystems Inc.) is Canada's premier provider of digital TV, hi-speed Internet and telecom services to residential and commercial customers in non-urban communities throughout British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Québec and Newfoundland & Labrador.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-01 Puerto Rico Cable

Mercedita, Puerto Rico

Choice Cable is the incumbent cable operator serving the northern and western coastal region of Puerto Rico. The companys service area encompasses approximately 330,000 homes and its product offerings include video and high speed data.

Buy -
SELLER

Kainos Capital

Dallas, Texas, United States

Investor Investor Investor Investor Investor

website


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

Kainos Capital is a private equity firm focused on the food and consumer products sector. Kainos targets manufacturers and marketers of food products, as well as other consumer products in the household and personal care industries and over-the-counter health and nutritional products sectors. The Firm's target investment size is $50 to $150 million in a company with an EBITDA of $10 to $80 million. Kainos Capital is based in Dallas, Texas.


DEAL STATS #
Overall 5 of 18
Sector (Food) 5 of 11
Type (Add-on Acquisition) 3 of 9
State (Colorado) 1 of 1
Country (United States) 5 of 17
Year (2007) 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 Sturm Foods

Manawa, Wisconsin, United States

Sturm Foods, Inc. is a private label manufacturer of sugar free powdered drink mixes, hot cereals and other dry mix products to the retail and foodservice channels. The sugar free powdered drink mixes are offered in a variety of flavors and also include energy, isotonic and nutraceutical products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-02 Sturm Foods

Manawa, Wisconsin, United States

Sturm Foods, Inc. is a private label manufacturer of sugar free powdered drink mixes, hot cereals and other dry mix products to the retail and foodservice channels. The sugar free powdered drink mixes are offered in a variety of flavors and also include energy, isotonic and nutraceutical products.

Sell $600M