M&A Deal Summary

Stripes Acquires Califia Farms

On September 15, 2015, growth capital firm Stripes acquired beverage company Califia Farms from Sun Pacific

Acquisition Highlights
  • This is Stripes’ 1st transaction in the Beverages sector.
  • This is Stripes’ 25th transaction in the United States.
  • This is Stripes’ 8th transaction in California.

M&A Deal Summary

Date 2015-09-15
Target Califia Farms
Sector Beverages
Buyer(s) Stripes
Sellers(s) Sun Pacific
Deal Type Divestiture

Target

Califia Farms

Bakersfield, California, United States
Califia Farms is a provider of plant-based beverages like almond milk, coffee, and juices. Califia Farms was formed in 2010 and is based in Bakersfield, California.

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Buyer(S) 1

Buyer

Stripes

New York, New York, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2008
PE ASSETS 7.3B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Stripes is a private investment firm focused primarily on making minority investments in rapidly growing, private companies. Stripes look to commit $10 to $150 million of equity capital per transaction to support acquisitions, growth equity needs, and provide shareholder liquidity. Target companies generally have high margins and operate in large markets. Sectors of interest include branded consumer products, financial services, medical devices, and technology. Stripes is formed in 2008 and is based in New York City.


DEAL STATS #
Overall 27 of 40
Sector (Beverages) 1 of 1
Type (Divestiture) 1 of 1
State (California) 8 of 10
Country (United States) 25 of 36
Year (2015) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-09 The Black Tux

Santa Monica, California, United States

The Black Tux is a vertically integrated e-commerce provider of men’s formalwear. The Company designs and manufactures modern suits and tuxedos for rent or keeps. The Black Tux was formed in 2013 and is based in Santa Monica, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-24 Flatiron Health

New York, New York, United States

Flatiron Health is a health care technology company and operator of the OncologyCloud™ platform. Integrating across the entire clinical data spectrum, Flatiron Health allows cancer care providers and life science companies to gain deep business and clinical intelligence through its web-based platform. Flatiron Health was founded in 2012 and is based in New York City.

Buy -

Seller(S) 1

SELLER

Sun Pacific

Pasadena, California, United States

Category Company
Founded 1969
Sector Food
DESCRIPTION

Sun Pacific, Inc. is a provider of fresh food products.


DEAL STATS #
Overall 1 of 1
Sector (Beverages) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-01 Califia Farms

Bakersfield, California, United States

Califia Farms is a provider of plant-based beverages like almond milk, coffee, and juices. Califia Farms was formed in 2010 and is based in Bakersfield, California.

Buy -