M&A Deal Summary

Sun Capital Partners and Main Street Capital Holdings Acquire Contessa Premium Foods

On July 20, 2011, private equity firms Sun Capital Partners and Main Street Capital Holdings acquired food company Contessa Premium Foods for 51M USD

Acquisition Highlights
  • This is Sun Capital Partners’ 8th and Main Street Capital Holdings’ 5th transaction in the Food sector.
  • This is Sun Capital Partners’ 15th and Main Street Capital Holdings’ largest (disclosed) transaction.
  • This is Sun Capital Partners’ 71st and Main Street Capital Holdings’ 10th transaction in the United States.
  • This is Sun Capital Partners’ 9th and Main Street Capital Holdings’ 1st transaction in California.
Investment Fate
  • Contessa Premium Foods went bankrupt in 2014.

M&A Deal Summary
Date 2011-07-20
Target Contessa Premium Foods
Sector Food
Buyer(s) Sun Capital Partners
Main Street Capital Holdings
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 51M USD

Target

Contessa Premium Foods

Commerce, California, United States
website
Contessa Premium Foods has produced seafood of consistent quality and value, pioneering a new set of Quality Assurance standards in the industry.

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Buyer(S) 2

Buyer

Sun Capital Partners

Boca Raton, Florida, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1995
PE ASSETS 13.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Sun Capital's corporate headquarters in Boca Raton, Florida.
Sun Capital's corporate headquarters in Boca Raton, Florida.

Sun Capital Partners is a large private equity firm focused on leveraged buyouts, equity, debt, and other control investments in North America, Asia, and Europe. Sun looks for businesses that can benefit from the Firm's operating experience including underperformers, turnarounds, and special situations. Target companies typically have $50 million to $1 billion in revenue with strong market positions. Sectors of interest include paper and packaging, food and beverages, metals and mining, automotive after-market parts, consumer products, financial services, healthcare, media and communications, building products, telecommunications, technology, retailing and catalogs, restaurants, manufacturing and industrial. Sun Capital was formed in 1995 and is based in Boca Raton, Florida.

DEAL STATS #
Overall 98 of 167
Sector (Food) 8 of 10
Type (Buyout (LBO, MBO, MBI)) 53 of 74
State (California) 9 of 16
Country (United States) 71 of 116
Year (2011) 8 of 11
Size (of disclosed) 15 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-12 Scotch & Soda

Hoofddorp, Netherlands

Scotch & Soda is a designer, marketer, wholesaler and retailer of contemporary casual apparel for men, women and children. Scotch & Soda's clothing lines include shirts, polos, sweaters, pants, jeans, shorts, blouses and skirts for women, men, boys and girls. Scotch & Soda also sells accessories and has its own fragrance, Barfly. Products are distributed in 39 countries through approximately 5,000 department and other third party specialty retail stores, franchised retail locations and company-owned stores. Scotch & Soda was founded in 1985 and is based in Hoofddorp, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-15 Xperience Restaurant Group

Cypress, California, United States

Xperience Restaurant Group is an operator of casual and fine dining brands. The Company operates four primary concepts, El Torito, El Torito Grill, Chevys Fresh Mex and Acapulco, offering a variety of traditional, innovative and authentic Mexican dishes. Xperience Restaurant Group was founded in 1954and is based in Cypress, California.

Sell -
Buyer

Main Street Capital Holdings

Pittsburgh, Pennsylvania, United States

Investor Investor

website

Category Private Equity Firm
Founded 1994
Size Small
Type Sector Agnostic
DESCRIPTION

Main Street Capital Holdings is a private equity firm that acquires profitable, growth-oriented companies located in the US. Areas of interest include electronic manufacturing services, food, homeland security, metallic alloy parts manufacturers, niche manufacturing, and value-added distribution. Prospective companies should have EBITDA of at least $2 million. Main Street looks to invest $3 to $25 million per transaction in businesses valued up to $125 million. The Firm prefers control situations and will not invest in start-ups, turnarounds, commodities, retail, or restaurants. Main Street Capital Holdings is based in Pittsburgh, Pennsylvania.

DEAL STATS #
Overall 10 of 15
Sector (Food) 5 of 6
Type (Buyout (LBO, MBO, MBI)) 9 of 11
State (California) 1 of 1
Country (United States) 10 of 14
Year (2011) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-31 Conelec of Florida

Sanford, Florida, United States

Conelec of Florida LLC is a provider of electronic manufacturing services to original equipment manufacturers in the medical, military communications, and industrial markets. Conelec of Florida was founded in 1983 and is based in Sanford, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-15 Hi-Rel Group

Norfolk, United Kingdom

Hi-Rel Group LLC is a provider of highly specialized hermetic packaging components used for mission-critical applications in the defense, optical networking, industrial and medical industries. Hi-Rel’s product offerings, which include lids, getters (absorbers), preforms, thermal spreaders and ring frames.

Buy -
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