Buyout (LBO, MBO, MBI) • Food

Beach Point Capital Acquires Wet Noses

On February 16, 2023, asset manager Beach Point Capital acquired food company Wet Noses

Acquisition Context
  • This is Beach Point Capital’s 1st transaction in the Food sector.
  • This is Beach Point Capital’s 6th transaction in the United States.
  • This is Beach Point Capital’s 2nd transaction in Washington.

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M&A Deal Summary

Date February 16, 2023
Target Wet Noses
Sector Food
Buyer(s) Beach Point Capital
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Wet Noses

Monroe, Washington, United States
Wet Noses is a manufacturer of human-grade, natural and organic pet food and treats. Wet Noses was founded in 1998 and is based in Monroe, Washington.
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Buyer Overview 1

Buyer

Beach Point Capital

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 2009
PE ASSETS 20.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Beach Point Capital is a global investment management firm specializing in credit-related strategies, including high-yield bonds, senior loans, structured credit, direct lending, opportunistic credit, real estate credit, and tactical investments. Beach Point Capital was formed in 2009 and is based in Santa Monica, California.


Deal Context for Buyer #
Overall 7 of 9
Sector: Food 1 of 1
Type: Buyout (LBO, MBO, MBI) 2 of 3
State: Washington 2 of 2
Country: United States 6 of 7
Year: 2023 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-14 bfinance

London, United Kingdom

bfinance is an independent, privately-owned, financial services firm that provides advice and solutions to companies and institutional investors around the globe. The company combines specialist expertise with a global perspective to help clients develop, implement and manage best-in-class investment programmes. bfinance was founded in 1999 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-22 Brightmore Brands

Scottsdale, Arizona, United States

Brightmore Brands is an operator of sustainable retail thrift store chain. Brightmore Brands is based in Scottsdale, Arizona.

Buy -