M&A Deal Summary

Bregal Partners and Onex Falcon Acquire American Seafoods

On August 30, 2015, private equity firm Bregal Partners and mezzanine finance firm Onex Falcon acquired food company American Seafoods

Acquisition Highlights
  • This is Bregal Partners’ 1st and Onex Falcon’s 5th transaction in the Food sector.
  • This is Bregal Partners’ 7th and Onex Falcon’s 49th transaction in the United States.
  • This is Bregal Partners’ 1st and Onex Falcon’s 1st transaction in Washington.

M&A Deal Summary
Date 2015-08-30
Target American Seafoods
Sector Food
Buyer(s) Bregal Partners
Onex Falcon
Deal Type Recapitalization
Advisor(s) Debevoise & Plimpton (Legal)

Target

American Seafoods

Seattle, Washington, United States
American Seafoods is a catcher-processor of Alaska pollock in U.S. Bering Sea and a harvester of fish for human consumption in United States. The Company owns protected rights to harvest pollock and also holds the right to participate in three other fisheries, including pacific whiting (hake), yellowfin sole, and pacific cod. American Seafoods was founded in 2000 and is based in Seattle, Washington.

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Buyer(S) 2

Buyer

Bregal Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2012
PE ASSETS 1.3B USD
Size Large
Type Sector Focused
DESCRIPTION

Bregal Partners is a private equity firm that invests in industry leading middle-market companies that generate $5 to $75 million or more of EBITDA. Sectors of interest include consumer products, restaurants, healthcare, food, beverages, business services, and consumer services. Bregal Partners is based in New York City and is part of Bregal Investments, a global family of private equity and fund investment vehicles.

DEAL STATS #
Overall 7 of 13
Sector (Food) 1 of 3
Type (Recapitalization) 1 of 1
State (Washington) 1 of 1
Country (United States) 7 of 11
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-27 Blue Harvest Fisheries

New Bedford, Massachusetts, United States

Blue Harvest Fisheries is devoted to the sustainable harvesting, processing, and marketing of MSC certified premium Atlantic sea scallops. Blue Harvest is committed to harvesting seafood from only well-managed, sustainable fisheries, and further strives to have all its seafood third-party certified for sustainability. Blue Harvest Fisheries is based in New Bedford, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-24 TDBBS

Richmond, Virginia, United States

TDBBS specializes in the manufacture, distribution, and sale of pet-related products throughout the United States and abroad. TDBBS provides a diverse line of unique products in the pet industry including all-natural dog treats and chews. TDBBS was founded in 2008 and is based in Richmond, Virginia.

Buy -
Buyer

Onex Falcon

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Onex Falcon is a mezzanine finance firm that provides junior capital for North American businesses. Falcon looks to provide $30 to $150 million of subordinated debt to companies with EBITDA of at least $10 million. Falcon has no specific industry focus. Investment proceeds are typically used to support LBOs/MBOs, growth and acquisition financings, restructuring, recapitalizations, take privates, and generational ownership transfers. Onex Falcon was formed in 2000 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 52 of 56
Sector (Food) 5 of 5
Type (Recapitalization) 11 of 12
State (Washington) 1 of 1
Country (United States) 49 of 53
Year (2015) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-19 Ampac Packaging

Cincinnati, Ohio, United States

Ampac Packaging LLC is a producer of high-volume paper and plastic packaging products, including upscale shopping bags for national retailers, audit security bags for financial institutions, and multi-layer specialty films and pouches sold to consumer product companies.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-14 Village Roadshow Entertainment Group

Melbourne, California, United States

Village Roadshow Entertainment Group is an independent global entertainment company operating in the film and music industries. Village Roadshow Entertainment Group consists principally of Village Roadshow Pictures Group, Concord Music Group, and Village Roadshow Entertainment Group Asia. Village Roadshow Entertainment Group is based in Melbourne, California.

Buy $480M
Mergr

Product

Company

Legal