M&A Deal Summary

Alcentra Capital, Balance Point Capital Partners, Quilvest Capital Partners and Arlon Group Acquire Wholesome Sweeteners

On April 19, 2012, mezzanine finance firm Alcentra Capital, mezzanine finance firm Balance Point Capital Partners, private equity firm Quilvest Capital Partners and private equity firm Arlon Group acquired food company Wholesome Sweeteners

Acquisition Highlights
  • This is Alcentra Capital’s 2nd, Balance Point Capital Partners’ 1st, Quilvest Capital Partners’ 4th and Arlon Group’s 3rd transaction in the Food sector.
  • This is Alcentra Capital’s 38th, Balance Point Capital Partners’ 6th, Quilvest Capital Partners’ 34th and Arlon Group’s 4th transaction in the United States.
  • This is Alcentra Capital’s 4th, Balance Point Capital Partners’ 2nd, Quilvest Capital Partners’ 3rd and Arlon Group’s 1st transaction in Texas.
Investment Fate
  • Wholesome Sweeteners was sold to a publicly-traded strategic buyer in 2020 for 180M USD.

M&A Deal Summary

Date 2012-04-19
Target Wholesome Sweeteners
Sector Food
Buyer(s) Alcentra Capital
Balance Point Capital Partners
Quilvest Capital Partners
Arlon Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Wholesome Sweeteners

Sugar Land, Texas, United States
Wholesome Sweeteners is a provider of organic and Fair Trade certified sweeteners both as ingredients to organic food and beverage brands and as branded products in the retail channel.

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Buyer(S) 4

Buyer

Alcentra Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1998
PE ASSETS 540M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Alcentra Capital Corporation is the direct investment arm of asset management firm Alcentra. Alcentra capital looks to provide equity and subordinated debt to middle-market companies throughout North America. The Firm looks to invest $5 to $15 million per transaction in profitable companies with $5 to $15 million of EBITDA. Sectors of interest include healthcare, government services, business services, and defense. Alcentra Capital Corporation was formerly known as BNY Mellon-Alcentra Mezzanine Partners. The Group was originally established in 1998 and is based in New York City.


DEAL STATS #
Overall 39 of 52
Sector (Food) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 10 of 12
State (Texas) 4 of 5
Country (United States) 38 of 50
Year (2012) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-01 City Carting Holding

Stamford, Connecticut, United States

City Carting Holding Co., Inc. is a provider of waste management and recycling services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-08 The Walker Group

New Lisbon, Wisconsin, United States

The Walker Group is the preeminent North American designer and manufacturer of high-quality, customer-engineered stainless steel and aluminum liquid transportation systems and stationary engineered products.

Sell $360M
Buyer

Balance Point Capital Partners

Westport, Connecticut, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2007
PE ASSETS 1.7B USD
Size Small
Type Sector Agnostic
DESCRIPTION

Balance Point Capital Advisors is a provider of equity and debt capital to middle-market US-based companies. The Firm looks to invest $5 to $30 million in companies generating $10 $150 million in revenue. The Firm invest in the range of $15 to $75 million with and enterprise value of $10 to $150 million. Funds are used to support a variety of needs, including private equity sponsored buyouts, strategic acquisitions, refinancing's, management buyouts, leveraged recapitalizations, and growth capital financing needs. Balance Point Capital is based in Westport, Connecticut.


DEAL STATS #
Overall 6 of 47
Sector (Food) 1 of 3
Type (Buyout (LBO, MBO, MBI)) 3 of 12
State (Texas) 2 of 4
Country (United States) 6 of 45
Year (2012) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-01 Pamal Broadcasting

Latham, New York, United States

Pamal Broadcasting owns and operates twenty-six radio stations across multiple formats in the New York, Vermont, and Massachusetts markets. The company maintains market positions in the Hudson Valley, NY, Glens Falls, NY, and Rutland, VT markets. Pamal Broadcasting was founded in 1986 and is based in Latham, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-21 HelloWorld

Southfield, Michigan, United States

HelloWorld, Inc. is a digital marketing firm specializing in mobile, social and web campaigns. HelloWorld was founded in 1999 and is based in Southfield, Michigan.

Buy -
Buyer

Quilvest Capital Partners

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1972
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Quilvest Capital Partners is the private equity investment arm of asset management firm Quilvest. Quilvest Capital Partners invests in private equity and debt funds as well as makes direct investments. The direct investment group looks for opportunities in the US, Europe, and 'opportunistically' in Asia with a preference for buyout, growth capital, and venture transactions. Quilvest Capital Partners will consider both minority and majority positions. Quilvest Capital Partners was established in 1972 and is based Paris.


DEAL STATS #
Overall 77 of 105
Sector (Food) 4 of 5
Type (Buyout (LBO, MBO, MBI)) 21 of 29
State (Texas) 3 of 3
Country (United States) 34 of 44
Year (2012) 4 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-15 Appirio

San Francisco, California, United States

Appirio, Inc. is a global cloud services company that creates next generation worker and customer experiences. Appirio has worked with more than 300 enterprise customers including organizations like City of Los Angeles, Facebook, Flextronics, Home Depot, International Hotels Group, Japan Post Network, Ltd., L'Oreal, NetApp, NYU, Starbucks, Thomson Reuters and VMware. Appirio's technology-enabled professional services are supported by a team of 400 cloud experts and CloudSpokes, a 35,000+ person-strong global cloud developer community.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-01 P.F. Chang’s

Scottsdale, Arizona, United States

P.F. Chang’s is an operator of full-service restaurants that feature high-quality, authentic Chinese cuisine, and American hospitality in a contemporary bistro setting. P.F. Chang’s was founded in 1993 and is based in Scottsdale, Arizona.

Buy $1.1B
Buyer

Arlon Group


Category Private Equity Firm
Founded 2007
PE ASSETS 1.5B USD
Size Large
Type Sector Focused
DESCRIPTION

Arlon Group is a private equity group focused on the food sector. The Firm was formed in 2007 and is headquartered in New York City.


DEAL STATS #
Overall 4 of 16
Sector (Food) 3 of 8
Type (Buyout (LBO, MBO, MBI)) 2 of 4
State (Texas) 1 of 2
Country (United States) 4 of 10
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-01 Kettle Cuisine

Chelsea, Massachusetts, United States

Kettle Cuisine is an independent, artisan soup maker providing uncompromised soup with a commitment to impeccable ingredients, careful preparation and traditional cooking techniques. The company offers a selection of over 50 varieties of soups, chilis and chowders, and services over 5,000 restaurants, cafes, delicatessens and supermarkets in the United States. Kettle Cuisine was founded in 1986 and is based in Chelsea, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-15 The Chia

Port Melbourne, Australia

The Chia Company is a marketer and distributor of chia seeds worldwide. Chia is the highest plant-based source of Omega 3, fiber, and protein. The Chia Company, through exclusive grower relationships and years of agronomical work, supplies global food manufacturers such as Kellogg's and PepsiCo, as well as produces its own brand of chia products stocked in national retailers such as Whole Foods Markets. The Chia Co. was founded in 2003 and is based in Port Melbourne, Victoria.

Buy -