M&A Deal Summary

Arlon Group Acquires Idaho Pacific Crop.

On July 7, 2016, private equity firm Arlon Group acquired food company Idaho Pacific Crop. from Novacap

Acquisition Highlights
  • This is Arlon Group’s 8th transaction in the Food sector.
  • This is Arlon Group’s 9th transaction in the United States.
  • This is Arlon Group’s 1st transaction in Idaho.

M&A Deal Summary
Date 2016-07-07
Target Idaho Pacific Crop.
Sector Food
Buyer(s) Arlon Group
Sellers(s) Novacap
Deal Type Secondary Buyout
Advisor(s) Harris Williams & Co. (Financial)

Target

Idaho Pacific Crop.

Rigby, Idaho, United States
Idaho Pacific is a processors of dehydrated potato products in North America. With a head office and manufacturing capabilities in Ririe, Idaho and additional manufacturing facilities in Center, Colorado and Souris, Prince Edward Island, IPH is truly a North American player and has access to different crop growing regions. The company supplies products for use in foods such as mashed potatoes, snacks, baked goods and frozen side dishes, and distributes a full product line for the foodservice industry. Idaho Pacific customers include many of the largest domestic and international food manufacturers in the snack food, foodservice and baking industries.

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Buyer(S) 1

Buyer

Arlon Group

Investor Investor Investor Investor Investor

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 12 of 16
Sector (Food) 8 of 8
Type (Secondary Buyout) 4 of 5
State (Idaho) 1 of 1
Country (United States) 9 of 10
Year (2016) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-24 Handmade Real Foods

Concord, Ontario, Canada

HMR Foods is a manufacturer of refrigerated home meal replacements and other refrigerated and frozen ready-to-eat foods. HMR Foods produces and sells fresh and frozen entrees, side dishes, appetizers, soups, dips, salads, desserts, and holiday meals to many of the premier grocers, club stores, and restaurants in North America. The company operates out of six geographies - California, Georgia, Rhode Island, Texas, Washington, and Ontario, Canada.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-06 CiCi s Pizza

Coppel, Texas, United States

CiCi's Pizza is engaged in franchising and operating sit-down pizza restaurants with more than 650 locations throughout the United States. CiCi's Pizza is based in Coppel, Texas.

Buy -

Seller(S) 1

SELLER

Novacap

Brossard, Quebec, Canada

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 8.0B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

Novacap is a large private equity firm focused on middle-market company acquisitions in Canada. Novacap pursues companies with $30 to $500 million in sales and will consider transactions valued up to $500 million. Target transaction situations include partial or full buyouts, spin-offs, take privates, recapitalizations, and growth capital financings. Novacap will consider opportunities in basic industries as well as high-growth tech sectors. Novacap was formed in 1981 and has offices in Toronto and Montreal.

DEAL STATS #
Overall 7 of 30
Sector (Food) 2 of 3
Type (Secondary Buyout) 2 of 12
State (Idaho) 1 of 1
Country (United States) 3 of 10
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-07 Oxford Networks

Lewiston, Maine, United States

Oxford Networks is a provider of end-to-end technology solutions for companies in New England and beyond. Oxford Networks services and products include: Data Center Services, Managed IT Services, Voice, Internet, and Carrier Services. Oxford Networks was founded in 1876 and is based in Lewiston, Maine.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-26 Firmex

Toronto, Ontario, France

Firmex is a virtual data room provider that has helped to drive the virtual data room marketplace with its SaaS secure document sharing platform to global financial institutions, law firms, and governments. Firmex’s secure and intuitive SaaS solution allows for the sharing of large volumes of confidential documents and mission-critical undertakings, including financial transactions, litigation, and compliance across a range of industries. Firmex was founded in 2006 and is based in Toronto, Ontario.

Buy -
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