M&A Deal Summary

Advent International Acquires Sauer Brands

On January 6, 2025, private equity firm Advent International acquired food company Sauer Brands from Falfurrias Capital Partners

Acquisition Highlights
  • This is Advent International’s 12th transaction in the Food sector.
  • This is Advent International’s 101st transaction in the United States.
  • This is Advent International’s 2nd transaction in Virginia.

M&A Deal Summary

Date 2025-01-06
Target Sauer Brands
Sector Food
Buyer(s) Advent International
Sellers(s) Falfurrias Capital Partners
Deal Type Secondary Buyout
Advisor(s) Morgan Stanley
William Blair (Financial)
McGuireWoods (Legal)

Target

Sauer Brands

Richmond, Virginia, United States
Sauer Brands manufactures a broad line of inspired flavors including condiments, spices, seasonings, and extracts. The company’s manufacturing facilities in Mauldin, South Carolina. New Century, Kansas, and San Luis Obispo, California, the company sells well-known brands such as Duke’s Mayonnaise, The Spice Hunter, Sauer’s, Gold Medal and BAMA, as well as high-quality private label products, through the retail and foodservice channels. Sauer Brands was founded in 1887 and is based in Richmond, Virginia.

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Buyer(S) 1

Buyer

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 91.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 342 of 353
Sector: Food M&A 12 of 12
Type: Secondary Buyout M&A Deals 55 of 58
State: Virginia M&A 2 of 2
Country: United States M&A 101 of 106
Year: 2025 M&A 1 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-02 Siesa

Cali, Colombia

Siesa is an ERP software provider that offers flexible deployment options including cloud-based and on-premise solutions that cater to diverse operational needs. Siesa was founded in 1981 and is based in Cali, Colombia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-07 Fisher Investments

Plano, Texas, United States

Fisher Investments is an independent, fee-only investment adviser. Fisher Investments was founded in 1979 and is based in Plano, Texas.

Buy -

Seller(S) 1

SELLER

Falfurrias Capital Partners

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Falfurrias Capital Partners is a private equity firm that invests in lower and middle-market companies located in the Eastern US. Falfurrias focuses on companies with experienced management teams, differentiated product features, diverse customers, revenues in excess of $10 million, and EBITDA of $5 million to $40 million. The Firm looks to invest at least $25 million per transaction. Specific areas of interest include financial services, consumer products, health care, building products, manufacturing, business services, education, training, infrastructure, and information services. The Firm will consider a variety of transaction types, including buyouts, growth capital financings, recapitalization, and corporate divestitures. Falfurrias Capital Partners was formed in 2006 and based in Charlotte, North Carolina.


DEAL STATS #
Overall 18 of 20
Sector: Food M&A 1 of 1
Type: Secondary Buyout M&A Deals 10 of 11
State: Virginia M&A 2 of 2
Country: United States M&A 18 of 20
Year: 2025 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-15 Neighborly Software

Atlanta, Georgia, United States

Neighborly Software is a cloud-based technology platform for the administration and disbursement of government funds for programs such as housing, economic, community development, disaster recovery/mitigation, home energy rebates, and housing choice vouchers. Neighborly Software was founded in 2016 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-07 Penta Group

Washington, District of Columbia, United States

Penta Group is a firm that provides comprehensive stakeholder solutions, combining analytics and advisory services to help clients understand, engage, and influence their most important audiences. Penta Group is based in Washington DC.

Sell -