M&A Deal Summary

Agrolimen S.A. Acquires Nature s Variety

On May 11, 2016, Agrolimen S.A. acquired food company Nature s Variety from L Catterton Partners

Acquisition Highlights
  • This is Agrolimen S.A.’s 2nd transaction in the Food sector.
  • This is Agrolimen S.A.’s 1st transaction in the United States.
  • This is Agrolimen S.A.’s 1st transaction in Nebraska.

M&A Deal Summary
Date 2016-05-11
Target Nature s Variety
Sector Food
Buyer(s) Agrolimen S.A.
Sellers(s) L Catterton Partners
Deal Type Add-on Acquisition

Target

Nature s Variety

Lincoln, Nebraska, United States
Nature's Variety, Inc. is an independent pet food company. Nature's Variety produces premium, natural pet foods. It is headquartered in St. Louis with manufacturing operations in Lincoln, Nebraska. Nature's Variety produces pet food through two brands Instinct, the leader in raw pet food; and Prairie, a balanced holistic line of food. The Instinct brand includes Pride by Instinct, Instinct Raw Boost, Instinct Limited Ingredient Diets, Instinct Healthy Weight and Instinct Ultimate Protein. Nature's Variety products are sold at local pet specialty retailers, Petco, PetSmart, veterinarian offices, and through online retailers, including Amazon.com, Wag.com, Chewy.com and Petflow.com.

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Buyer(S) 1

Buyer

Agrolimen S.A.

Barcelona, Spain
Category Company
Founded 1937
Sector Food
DESCRIPTION

Agrolimen S.A. produces food and consumer goods.

DEAL STATS #
Overall 2 of 2
Sector (Food) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Nebraska) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 Bocatta 2000 S.L.

Sant Cugat del Vallès, Spain

Bocatta was a Spanish fast food chain specialising in ?bocadillos? (baguette-type sandwiches). Under a hostile bid from rival company Pansfood, Bocatta?s shareholders called on Mercapital?s experience to retain control and pursue a strong growth strategy.

Buy -

Seller(S) 1

SELLER

L Catterton Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1989
PE ASSETS 30.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

L Catterton is a private equity firm that targets investments in consumer-related companies located throughout North America. L Catterton looks for businesses with identifiable brands and operating in 'defensible and extensible' positions within growth industry segments. Specific sectors of interest include branded consumables, food/beverages, consumer services, restaurants, media and marketing, household durables, specialty retail, mass merchant retail, and luxury/apparel. Prospective transactions include management buyouts, recapitalizations, turnarounds, and growth financings. L Catterton was formed in 1990 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 36 of 101
Sector (Food) 4 of 10
Type (Add-on Acquisition) 14 of 45
State (Nebraska) 1 of 1
Country (United States) 33 of 75
Year (2016) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-04 Bodytech

Bogota, Colombia

Bodytech is the second-largest gym company in Latin America. Bodytech has more than 140 locations in Colombia, Peru and Chile. Its offerings include full service gyms (via the Bodytech & Sportlife brands), high performance gyms (Bodytech Sports Medicine), gyms for kids (Bodytech Active Kids) and Life Fitness gym products sold for personal and commercial use. Bodytech is focused on building full-service gym locations with offerings such as advanced cardio and weight training, group classes from indoor cycling to pilates and yoga, swimming pools, and sauna/spa services. In addition, Bodytech has a network of doctors, physiotherapists and nutritionists to provide integrated health services to its members. Bodytech is based in Bogota, Colombia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-01 CareDENT Italia Srl

Grassobbio, Italy

Bistar Commerciale S.r.l. is a network of dental centers that takes care of dental health. CareDENT Italia was formed in 2009 and is based in Grassobbio, Italy.

Buy €50M
Mergr

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