M&A Deal Summary

CapVest Acquires Inspired Pet Nutrition

On December 17, 2020, private equity firm CapVest acquired consumer products company Inspired Pet Nutrition from L Catterton Partners

Acquisition Highlights
  • This is CapVest’s 1st transaction in the Consumer Products sector.
  • This is CapVest’s 6th transaction in the United Kingdom.

M&A Deal Summary

Date 2020-12-17
Target Inspired Pet Nutrition
Sector Consumer Products
Buyer(s) CapVest
Sellers(s) L Catterton Partners
Deal Type Secondary Buyout
Advisor(s) Harris Williams (Financial)
DLA Piper (Legal)

Target

Inspired Pet Nutrition

Thirsk, United Kingdom
Inspired Pet Nutrition is a pet food manufacturer based in North Yorkshire. IPN's Harringtons and Wagg brands, in addition to its value-added own label partnerships with the major grocers and pet specialty channels, combine to create an independent pet food platform . IPN works closely with farmers, suppliers, customers, nutritionists, and vets to supply high-quality, affordable pet food. Inspired Pet Nutrition was founded in Thirsk, United Kingdom.

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Buyer(S) 1

Buyer

CapVest

London, United Kingdom

Category Private Equity Firm
Founded 1999
PE ASSETS 4.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

CapVest is a UK-based private equity firm that targets investments in mid-market businesses across Europe. CapVest focuses on profitable companies with growth potential and strong management. Specific areas of interest include food/beverages (especially frozen food sector), healthcare, real estate, retail, media, hotel/leisure, and telecommunication services. CapVest is affiliated with junior capital investor, MezzVest. CapVest was formed in 1999 and is based in London.


DEAL STATS #
Overall 16 of 23
Sector (Consumer Products) 1 of 1
Type (Secondary Buyout) 10 of 15
Country (United Kingdom) 6 of 9
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-19 Datasite

Minneapolis, Minnesota, United States

Datasite is a SaaS provider for the M&A industry, empowering dealmakers around the world with the tools they need to succeed across the entire deal lifecycle. Datasite was founded in 1968 and is based in Minneapolis, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-29 Eight Fifty Food Group

North Yorkshire, United Kingdom

Eight Fifty Food Group is a supplier of both branded and own-label seafood and pork. The pork division is a leading processor and supplier of pork products across the UK and Ireland. The seafood division is a provider of chilled and frozen products across the UK, Germany, and France. Eight Fifty Food Group was formed in 2019 and is based in North Yorkshire, United Kingdom.

Sell -

Seller(S) 1

SELLER

L Catterton Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1989
PE ASSETS 30.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

L Catterton is a private equity firm that targets investments in consumer-related companies located throughout North America. L Catterton looks for businesses with identifiable brands and operating in 'defensible and extensible' positions within growth industry segments. Specific sectors of interest include branded consumables, food/beverages, consumer services, restaurants, media and marketing, household durables, specialty retail, mass merchant retail, and luxury/apparel. Prospective transactions include management buyouts, recapitalizations, turnarounds, and growth financings. L Catterton was formed in 1990 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 72 of 102
Sector (Consumer Products) 11 of 17
Type (Secondary Buyout) 15 of 20
Country (United Kingdom) 2 of 5
Year (2020) 11 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-11 Better

New York, New York, United States

Better is a digital-first homeownership company that provides included mortgage, real estate, title, and homeowners insurance services. The company funded $30.9B in home loans and provided over $7B in cumulative coverage through Better Cover and Better Settlement Services, the insurance divisions of Better. Better was formed in 2016 and is based in New York city.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-05 FlashParking

Austin, Texas, United States

FlashParking is the cloud-native parking technology platform and provides industry-leading digital and physical infrastructure. This platform creates seamless customer experiences and increases ROI while also connecting thousands of operators and asset owners with a real-time marketplace for digital mobility. FlashParking was founded in 2011 and is based in Austin, Texas.

Buy -