Investment Summary

Northwood Ventures, L Catterton Partners and JPB Partners Invest In Caribou Coffee Co

On January 1, 1995, private equity firm Northwood Ventures, growth capital firm L Catterton Partners and asset manager JPB Partners invested in restaurant Caribou Coffee Co

Investment Highlights
  • This is Northwood Ventures’ 1st, L Catterton Partners’ 1st and JPB Partners’ 3rd transaction in the Restaurants sector.
  • This is Northwood Ventures’ 16th, L Catterton Partners’ 2nd and JPB Partners’ 4th transaction in the United States.
  • This is Northwood Ventures’ 1st, L Catterton Partners’ 1st and JPB Partners’ 1st transaction in Minnesota.
Investment Fate
  • Caribou Coffee Co was sold to a consortium of financial buyers in 2000.
  • Caribou Coffee Co went public in 2005.
  • Caribou Coffee Co was sold to a strategic buyer in 2012 for 340M USD.

Investment Summary

Date 1995-01-01
Target Caribou Coffee Co
Sector Restaurants
Investor(s) Northwood Ventures
L Catterton Partners
JPB Partners
Deal Type Venture

Target

Caribou Coffee Co

Minneapolis, Minnesota, United States
Caribou coffee location in the Canal Park area of Duluth, Minnesota.
Caribou coffee location in the Canal Park area of Duluth, Minnesota.
Caribou Coffee Company, Inc. is a privately held company operates chain of coffee stores with locations across the Midwest. The Company was formed in 1972 and is based in Minneapolis.

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Investor(S) 3

Investor

Northwood Ventures

Syosset, New York, United States

Investor Investor Investor


Category Private Equity Firm
Founded 1983
PE ASSETS 100M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Northwood Ventures is a private investment firm that invests at all stages of company development, including venture, buyout, consolidation, growth, recapitalization, and turnaround situations. Northwood prefers opportunities located within the US and will consider both minority and control situations. Northwood's typical investment ranges from $5 to $15 million. Target sectors include telecommunications, manufacturing, retailing/consumer, financial services, and service-oriented business industries. Northwood Ventures was formed in 1983 and is based in Syosset, New York.


DEAL STATS #
Overall 18 of 57
Sector (Restaurants) 1 of 5
Type (Venture) 9 of 23
State (Minnesota) 1 of 1
Country (United States) 16 of 52
Year (1995) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-01-01 MECC

Cincinnati, Ohio, United States

MECC, Inc., offers a full range of insurance products and services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1996-01-01 Arcon Coating Mills Inc

Brattleboro, Vermont, United States

Arcon Coating Mills is a producer of tapes and edge covering materials used to bind, reinforce, protect, and decorate office and school supply products, checkbooks, and hard- and soft- cover books.

Sell -
Investor

L Catterton Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1989
PE ASSETS 30.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

L Catterton is a private equity firm that targets investments in consumer-related companies located throughout North America. L Catterton looks for businesses with identifiable brands and operating in 'defensible and extensible' positions within growth industry segments. Specific sectors of interest include branded consumables, food/beverages, consumer services, restaurants, media and marketing, household durables, specialty retail, mass merchant retail, and luxury/apparel. Prospective transactions include management buyouts, recapitalizations, turnarounds, and growth financings. L Catterton was formed in 1990 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 2 of 221
Sector (Restaurants) 1 of 30
Type (Venture) 1 of 30
State (Minnesota) 1 of 2
Country (United States) 2 of 133
Year (1995) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1993-01-01 Gold Coast Beverage Distributors

Doral, Florida, United States

Gold Coast Beverage Distributors, Inc. is a distributor of beer.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1996-01-01 Gold Coast Beverage Distributors

Doral, Florida, United States

Gold Coast Beverage Distributors, Inc. is a distributor of beer.

Sell -
Investor

JPB Partners

Columbia, Maryland, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1995
Size Small
Type Sector Agnostic
DESCRIPTION

JPB Capital Partners LLC is the private equity affiliate of merchant bank JPB Enterprises. JPB Capital looks to invest in lower middle-market businesses located in the Mid-Atlantic and Southeast regions of the US. Target businesses typically have revenues of $10 to $100 million and EBITDA greater than $2 million. Sectors of interest include distribution, business services, food/beverage, manufacturing, and specialty contracting. The Firm prefers control positions. The firm invests in the range of $3 to $10 million per transaction. JPB Capital Partners is located in Columbia, Maryland.


DEAL STATS #
Overall 4 of 34
Sector (Restaurants) 3 of 9
Type (Venture) 1 of 3
State (Minnesota) 1 of 2
Country (United States) 4 of 34
Year (1995) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-01-01 Crowe Rope Industries

Winslow, Maine, United States

Crowe Rope Industries LLC is a manufacturer of bulk rope and cordage products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1995-07-01 CSI

St. Paul, Minnesota, United States

CSI is a medical device company focused on developing and commercializing minimally invasive treatment solutions for vascular disease. Its primary products include catheter-based platforms, such as the Stealth 360° peripheral artery disease (PAD) System, Diamondback 360° PAD System, and Diamondback Predator 360° PAD System that are used for the treatment of a range of plaque types in leg arteries above and below the knee. CSI was founded in 1989 and is based in St. Paul, Minnesota.

Buy -