Investment Summary

AUA Private Equity Partners and Avance Invest In Tropical Cheese

On December 16, 2024, private equity firms AUA Private Equity Partners and Avance invested in food company Tropical Cheese

Investment Highlights
  • This is AUA Private Equity Partners’ 10th and Avance’s 1st transaction in the Food sector.
  • This is AUA Private Equity Partners’ 16th and Avance’s 6th transaction in the United States.
  • This is AUA Private Equity Partners’ 4th and Avance’s 1st transaction in New Jersey.

Investment Summary

Date 2024-12-16
Target Tropical Cheese
Sector Food
Investor(s) AUA Private Equity Partners
Avance
Deal Type Growth Capital

Target

Tropical Cheese

Perth Amboy, New Jersey, United States
Tropical Cheese offers an assortment of Hispanic cheese, meat, and other food products on the East Coast. Tropical Cheese was formed in 1982 and is based in Perth Amboy, New Jersey.

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Investor(S) 2

Investor

AUA Private Equity Partners

West Palm Beach, New York, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2012
Size Small
Type Sector Focused
DESCRIPTION

AUA Private Equity Partners is an operationally-focused, private equity firm that makes control and significant minority equity investments in companies operating in the consumer, media, and business services sectors. The Firm also targets Hispanic-oriented companies and family-owned businesses located in the US. AUA seeks businesses with at least $5 million in EBITDA and valued up to $250 million. Prospective companies typically have recurring revenue, strong growth prospects, sustainable competitive advantages, and in a position to benefit from 'demographic trends'. AUA Private Equity Partners was formed in 2012 and is based in New York City.


DEAL STATS #
Overall 16 of 16
Sector (Food) 10 of 10
Type (Growth Capital) 1 of 1
State (New Jersey) 4 of 4
Country (United States) 16 of 16
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-23 Raymundos Food Group

Bedford Park, Illinois, United States

Raymundos Food Group is a manufacturer and marketer of predominantly branded refrigerated snacks and desserts. The Company’s portfolio of gelatins, flans, puddings and other ready-to-eat products has strong connectivity to the growing Hispanic demographic in the United States, and provides a unique value-proposition to food retailers. Raymundos Food Group is based in Bedford Park, Illinois.

Sell -
Investor
DESCRIPTION

Avance Investment Management is a private equity firm focused on acquiring US-based middle-market companies in the services and consumer sectors. Target companies are profitable with $10 to $75 million of EBITDA and up to $250 million in revenue. Prospective situations of interest include founder owned companies looking to transition or management teams seeking a growth partner. Avance Management is headquartered in New York City.


DEAL STATS #
Overall 7 of 7
Sector (Food) 1 of 1
Type (Growth Capital) 6 of 6
State (New Jersey) 1 of 1
Country (United States) 6 of 6
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-22 Alchemy

Houston, Texas, United States

Alchemy is an IT advisory, consulting, and reseller firm focused on cybersecurity, modern workspace, cloud infrastructure, data/AI, and application development. Alchemy is based in Houston, Texas.

Buy -