M&A Deal Summary

Mubadala Capital Acquires TruFood Manufacturing

On October 18, 2022, sovereign wealth fund Mubadala Capital acquired food company TruFood Manufacturing from AUA Private Equity Partners

Acquisition Highlights
  • This is Mubadala Capital’s 3rd transaction in the Food sector.
  • This is Mubadala Capital’s 10th transaction in the United States.
  • This is Mubadala Capital’s 2nd transaction in Pennsylvania.

M&A Deal Summary

Date 2022-10-18
Target TruFood Manufacturing
Sector Food
Buyer(s) Mubadala Capital
Sellers(s) AUA Private Equity Partners
Deal Type Secondary Buyout
Advisor(s) Houlihan Lokey (Financial)
McDermott Will & Emery (Legal)

Target

TruFood Manufacturing

Pittsburgh, Pennsylvania, United States
TruFood Manufacturing is a contract manufacturer of branded and private-label nutrition bars, protein bars, chocolate moulded products, and baked goods. TruFood Manufacturing's products are sold at the club, grocery, drug, convenience, and department stores worldwide. TruFood Manufacturing was founded in 2002 and is based in Pittsburgh, Pennsylvania.

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Buyer(S) 1

Buyer

Mubadala Capital

Investor


Category Sovereign Wealth Fund
Founded 2002
PE ASSETS 276.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Mubadala Capital is a private equity firm focused on investing capital across a range of assets worldwide. The Firm primarily invests in private and public assets, but also considers credit, real estate, and alternatives. Mubadala invests in a variety of sectors including industrials, healthcare, energy, renewables, financial services, infrastructure, and business services. Mubadala Capital was founded in 2008 and is headquartered in Abu Dhabi, United Arab Emirates.


DEAL STATS #
Overall 37 of 43
Sector (Food) 3 of 3
Type (Secondary Buyout) 13 of 15
State (Pennsylvania) 2 of 2
Country (United States) 10 of 12
Year (2022) 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-08 Avalara

Seattle, Washington, United States

Avalara provides a suite of cloud-based solutions designed to improve accuracy and efficiency by automating the processes of determining taxability, identifying applicable tax rates, determining and collecting taxes, preparing and filing returns, remitting taxes, maintaining tax records, and managing compliance documents. Avalara was formed in 2004 and is based in Seattle, Washington.

Buy $8.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-17 AirCarbon Exchange

Singapore, Singapore

AirCarbon Exchange ("ACX") is a global exchange to provide participants with an efficient and transparent trading platform that is easy to use, frictionless, and with the lowest transaction fees available on the market. The Exchange's client base comprises corporate entities, financial traders, carbon project developers, and other industry stakeholders. AirCarbon Exchange was formed in 2019 and is based in Singapore.

Buy -

Seller(S) 1

SELLER

AUA Private Equity Partners

West Palm Beach, New York, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2012
Size Small
Type Sector Focused
DESCRIPTION

AUA Private Equity Partners is an operationally-focused, private equity firm that makes control and significant minority equity investments in companies operating in the consumer, media, and business services sectors. The Firm also targets Hispanic-oriented companies and family-owned businesses located in the US. AUA seeks businesses with at least $5 million in EBITDA and valued up to $250 million. Prospective companies typically have recurring revenue, strong growth prospects, sustainable competitive advantages, and in a position to benefit from 'demographic trends'. AUA Private Equity Partners was formed in 2012 and is based in New York City.


DEAL STATS #
Overall 4 of 5
Sector (Food) 2 of 3
Type (Secondary Buyout) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 4 of 5
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-28 Epi Breads

Atlanta, Georgia, United States

Epi Breads bakes and distributes a range of artisan-crafted bread products including hoagies, rolls, and buns for leading foodservice chains and grocery retailers. Epi Breads was founded in 1985 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-28 Western Smokehouse Partners

Galesburg, Illinois, United States

Western Smokehouse Partners provides manufacturing solutions for the top brands and retailers in premium, crafted protein snacks. The company provides co-manufactured, private-label, and branded meat snacks. It operates four facilities throughout the Midwestern United States. Western Smokehouse Partners is based in Galesburg, Illinois.

Buy -