M&A Deal Summary

Prospect Hill Growth Partners Acquires NutraSweet Property Holdings

On May 25, 2000, private equity firm Prospect Hill Growth Partners acquired food company NutraSweet Property Holdings, Inc. from Monsanto Co. for 440M USD

Acquisition Highlights
  • This is Prospect Hill Growth Partners’ 1st transaction in the Food sector.
  • This is Prospect Hill Growth Partners’ 2nd largest (disclosed) transaction.
  • This is Prospect Hill Growth Partners’ 4th transaction in the United States.
  • This is Prospect Hill Growth Partners’ 1st transaction in Georgia.

M&A Deal Summary

Date 2000-05-25
Target NutraSweet Property Holdings, Inc.
Sector Food
Buyer(s) Prospect Hill Growth Partners
Sellers(s) Monsanto Co.
Deal Type Divestiture
Deal Value 440M USD

Target

NutraSweet Property Holdings, Inc.

Augasta, Georgia, United States
website
NutraSweet is a provider in the high-intensity sweetener industry and the largest producer of aspartame. With its introduction of aspartame in 1983, NutraSweet revolutionized the high-intensity sweetener market with its superior taste, proven safety record and functionality which has enabled food and beverage companies to incorporate aspartame in a broad variety of products. Today, aspartame is sold in over 100 countries and used in over 5,000 products by over 250 million people. With a sweetness potency 200x that of sugar's, aspartame is projected to continue its growth worldwide as food and beverage companies reduce reliance on sugar.

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Buyer(S) 1

Buyer

Prospect Hill Growth Partners

Waltham, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1995
PE ASSETS 2.7B USD
SizeLarge
Type Sector Agnostic
DESCRIPTION

Prospect Hill Growth Partners is a private equity firm specializing in leveraged buyouts and recapitalizations of middle-market growth companies across the US. Prospect Hill looks for profitable businesses ($5 to $25 million of EBITDA) with annual revenues from $50 to $300 million with strong brands and leading market positions. Target sectors include consumer products, healthcare, specialty retail, and asset management. Prospect Hill Growth Partners was formerly known as J.W. Childs and changed its name in 2019. The Firm was originally formed in 1995 and is headquartered in Waltham, Massachusetts.


DEAL STATS #
Overall 4 of 29
Sector (Food) 1 of 3
Type (Divestiture) 1 of 2
State (Georgia) 1 of 3
Country (United States) 4 of 29
Year (2000) 1 of 1
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-02-16 Personna American Safety Razor Co.

Cedar Knolls, New Jersey, United States

Personna American Safety Razor Company has manufacturing facilities located around the world and is one of the largest producers of shaving, medical, and industrial blades.Personna American Safety Razor Company is committed to QUALITY and makes every effort to ensure that its products meet the highest international standards for safety and quality.

Buy $173M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-07-02 InSight Health Services Corp.

Lake Forest, California, United States

Insight Health Services Holdings Corp. provides diagnostic imaging services through a network of fixed-site centers and mobile facilities in the United States.

Buy $54M

Seller(S) 1

SELLER

Monsanto Co.

St. Louis, Missouri, United States

website


Category Company
Founded 2000
SectorAgriculture
Employees22,500
Revenue 15.0B USD (2015)
DESCRIPTION
Entrance to Monsanto's corporate headquarters in St. Louis, Missouri.
Entrance to Monsanto's corporate headquarters in St. Louis, Missouri.

Monsanto Co. is a chemical and agricultural biotechnology company offering farmers a wide range of corn, soybean, cotton, wheat, canola, sorghum and sugar cane seeds. Monsanto was formed in 2000 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 1 of 4
Sector (Food) 1 of 1
Type (Divestiture) 1 of 4
State (Georgia) 1 of 1
Country (United States) 1 of 4
Year (2000) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-12-07 DEKALB Genetics Corp.

Dekalb, Illinois, United States

Dekalb Genetics Corp., a huge producer of seed corn based in De Kalb.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-16 American Seeds LLC

St. Louis, Missouri, United States

American Seeds LLC is a provider of supporting services to regional seed businesses with capital, genetics, and technology investments.

Buy -