M&A Deal Summary

Starbucks Acquires La Boulangerie de San Francisco

On June 4, 2012, Starbucks Corp. acquired food company La Boulangerie de San Francisco from NextWorld Evergreen for 100M USD

Acquisition Highlights
  • This is Starbucks’ 1st transaction in the Food sector.
  • This is Starbucks’ 3rd largest (disclosed) transaction.
  • This is Starbucks’ 6th transaction in the United States.
  • This is Starbucks’ 2nd transaction in California.

M&A Deal Summary

Date 2012-06-04
Target La Boulangerie de San Francisco
Sector Food
Buyer(s) Starbucks Corp.
Sellers(s) NextWorld Evergreen
Deal Type Add-on Acquisition
Deal Value 100M USD

Target

La Boulangerie de San Francisco

San Francisco, California, United States
website
La Boulangerie de San Francisco is a producer of bread and the pastries to the sauces and the salad dressings using only the freshest all-natural ingredients. La Boulangerie de San Francisco was founded in 1995 and is based in San Francisco, California.

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Buyer(S) 1

Buyer

Starbucks Corp.

Seattle, Washington, United States

website


Category Company
Founded 1971
SectorBeverages
Employees349,000
Revenue 23.5B USD (2020)
DESCRIPTION
Entrance to Starbucks Center in Seattle, Washington.
Entrance to Starbucks Center in Seattle, Washington.

Starbucks is a roaster, marketer and retailer of specialty coffee. Starbucks purchases and roasts high-quality coffees that the Company sells, along with handcrafted coffee, tea and other beverages and a variety of fresh food items, including snack offerings, through company-operated stores. Starbucks also sells a variety of coffee and tea products and licenses its trademarks through other channels such as licensed stores, grocery and foodservice accounts. In addition to its Starbucks Coffee brand, Starbucks sells goods and services under the following brands: Teavana, Tazo, Seattle’s Best Coffee, Evolution Fresh, La Boulange and Ethos. Starbucks was founded in 1971 and is based in Seattle, Washington.


DEAL STATS #
Overall 7 of 9
Sector (Food) 1 of 1
Type (Add-on Acquisition) 6 of 8
State (California) 2 of 3
Country (United States) 6 of 8
Year (2012) 1 of 2
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-10 Evolution Fresh, Inc.

San Bernardino, California, United States

Evolution Fresh is a San Bernardino, CA-based producer of premium, all-natural juices. Evolution uses a pasteurization process known as high pressure processing (HPP) to ensure flavor, freshness, and nutrition.

Buy $30M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-05 Bay Bread LLC (La Boulange)

San Francisco, California, United States

La Boulange is a San Francisco French bakery chain. The Company opened its first location in 1999.

Buy $100M

Seller(S) 1

SELLER

NextWorld Evergreen

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 2016
SizeSmall
Type Sector Focused
DESCRIPTION

NextWorld Evergreen is a private investment firm focused on long-term investments in growth-oriented companies in the personal care, food, and beverage sectors. The Firm will consider opportunities throughout the US with at least $30 million of revenue. NextWorld Evergreen generally pursues majority investments, however the Firm will consider select minority situations as well. NextWorld Evergreen was established in 2016 and is headquartered in San Francisco, California.


DEAL STATS #
Overall 1 of 2
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (California) 1 of 1
Country (United States) 1 of 2
Year (2012) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 La Boulangerie de San Francisco

San Francisco, California, United States

La Boulangerie de San Francisco is a producer of bread and the pastries to the sauces and the salad dressings using only the freshest all-natural ingredients. La Boulangerie de San Francisco was founded in 1995 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-12 Eren Groupe S.A.

Luxembourg, Luxembourg

Eren Groupe S.A. develops, builds and operates solar PV and onshore wind assets. The company has developed a diversified international asset portfolio with a worldwide reach.

Buy -