M&A Deal Summary

Bansk Group and Stellus Capital Management Acquire Red’s All Natural

On December 15, 2022, private equity firms Bansk Group and Stellus Capital Management acquired food company Red’s All Natural

Acquisition Highlights
  • This is Bansk Group’s 1st and Stellus Capital Management’s 2nd transaction in the Food sector.
  • This is Bansk Group’s 5th and Stellus Capital Management’s 50th transaction in the United States.
  • This is Bansk Group’s 1st and Stellus Capital Management’s 2nd transaction in Tennessee.

M&A Deal Summary

Date 2022-12-15
Target Red’s All Natural
Sector Food
Buyer(s) Bansk Group
Stellus Capital Management
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Houlihan Lokey (Financial)
Kirkland & Ellis
Giannuzzi Lewendon (Legal)

Target

Red’s All Natural

Franklin, Tennessee, United States
Red's All Natural is a better-tasting brand of clean-label frozen burritos and breakfast sandwiches. Red’s All Natural was founded in 2009 and is based in Franklin, Tennessee.

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Buyer(S) 2

Buyer

Bansk Group

Investor


Category Private Equity Firm
Founded 2019
PE ASSETS 2.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Bansk Group is a consumer focused private equity firm. Specific areas of interest include household products, beauty & personal care, consumer health, and food/beverage. The Firm looks to invest $100 to $400 million and looks to be a long-term partner with management in pursuing new avenues for growth. Bansk Group was established in 2019 and is headquartered in New York, New York.


DEAL STATS #
Overall 6 of 10
Sector: Food M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 4
State: Tennessee M&A 1 of 1
Country: United States M&A 5 of 9
Year: 2022 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-12 Amika

Brooklyn, New York, United States

Amika is a haircare brand offering salon-quality products and tools for all hair types. The company emphasizes inclusivity, sustainability, and clean, vegan, cruelty-free formulations, combining professional performance with a vibrant, modern brand identity. Amika was founded in 2009 and is based in Brooklyn, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-01 No Man’s Land Beef Jerky

Enid, Oklahoma, United States

No Man’s Land Beef Jerky delivers authentic, slow-dried all-beef jerky and meat sticks in four distinct flavors Hot, Mild, Black Pepper, and Fajita Lime. No Man’s Land Beef Jerky was founded in 1997 and is based in Enid, Oklahoma.

Buy -
Buyer

Stellus Capital Management

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 3.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Stellus Capital Management is a provider of debt and equity capital to middle-market companies headquartered throughout the US and Canada. For credit commitments, Stellus looks to provide $10 to $50 million of capital to help support buyouts, acquisitions, recapitalization, growth opportunities, rescue financing, distressed situations, as well as bridge loans. Sectors' of interest for Stellus' credit practice includes business services, energy, general industrial, government, healthcare, software and specialty finance. Stellus' equity practice seeks to provide $20 to $100 million to small and mid-sized energy (upstream, oilfield services, midstream) companies. Stellus Capital was originally formed in 2004 as Laminar Direct Capital and operated as the direct investing unit of D.E. Shaw. The Group became independent in 2012. Stellus has offices in Houston, New York City, and Washington DC.


DEAL STATS #
Overall 51 of 86
Sector: Food M&A 2 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 15 of 23
State: Tennessee M&A 2 of 3
Country: United States M&A 50 of 83
Year: 2022 M&A 20 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-28 Onpoint Industrial Services

Deer Park, Texas, United States

Onpoint Industrial Services provides turnaround and capital project support services, which include planning and scheduling personnel, safety professional and attendant services, and workforce transportation and logistics services. Onpoint Industrial Services is based in Deer Park, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-29 Madison Logic

New York City, New York, United States

Madison Logic is a global multi-channel ABM activation and measurement platform, enables enterprise organizations to leverage a proprietary combined data set to identify the accounts most likely to purchase, accelerate the customer journey, and shorten sales cycles to positively impact ROI. Madison Logic was founded in 2005 and is based in New York City, New York.

Buy -