M&A Deal Summary

CEVA Sante Animale Acquires Thundershirt

On July 30, 2019, CEVA Sante Animale acquired consumer products company Thundershirt from Encore Consumer Capital

Acquisition Highlights
  • This is CEVA Sante Animale’s 1st transaction in the Consumer Products sector.
  • This is CEVA Sante Animale’s 2nd transaction in the United States.
  • This is CEVA Sante Animale’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2019-07-30
Target Thundershirt
Sector Consumer Products
Buyer(s) CEVA Sante Animale
Sellers(s) Encore Consumer Capital
Deal Type Add-on Acquisition

Target

Thundershirt

Durham, North Carolina, United States
Thundershirt LLC is a provider of non-drug solution for dog and cat anxiety, sold through specialty and independent pet store channels. Thundershirt LLC was founded in 2009 and is based in Durham, North Carolina.

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Buyer(S) 1

Buyer

CEVA Sante Animale

Libourne, France
Category Company
Founded 1999
Sector Life Science
Revenue 470M EUR (2013)
DESCRIPTION

CEVA Sante Animale is a veterinary health company focused on the research, development, production and marketing of pharmaceutical products and vaccines for pets, livestock, swine, and poultry. CEVA Sante Animale was founded in 1999 and is based in Libourne, France.

DEAL STATS #
Overall 4 of 4
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (North Carolina) 1 of 1
Country (United States) 2 of 2
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-20 Sogeval SA

Laval, France

Sogeval is a French veterinary pharmaceutical company based in Laval (Mayenne). It was created in 1978 and develops, manufactures and markets veterinary products under its own name and for other companies.

Buy -

Seller(S) 1

SELLER

Encore Consumer Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 600M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Encore Consumer Capital is a specialist private equity firm focused on the food and consumer products industries. Specific areas of interest include food and beverage, health and beauty care, pet, automotive aftermarket, infant and children's products, and leisure products. Encore prefers companies in revenues of $10 - $100 million. It looks to invest $5 - $40 million. Encore generally invests in control situations but will consider select minority investments. Encore will not invest in restaurant-only or retail-only companies. Encore operates in partnership with Encore Associates, a strategic advisory firm. Encore Consumer Capital was formed in 2005 and is based in San Francisco.

DEAL STATS #
Overall 16 of 22
Sector (Consumer Products) 7 of 8
Type (Add-on Acquisition) 14 of 18
State (North Carolina) 1 of 1
Country (United States) 15 of 21
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-20 KYLA

Hood River, Oregon, United States

KYLA is a brand of alcoholic kombucha that was developed as a low-calorie, low-sugar, gluten-free, shelf-stable, and craft alcoholic beverage with a refreshing taste profile. KYLA is based in Hood River, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-14 Murry s

Lebanon, Pennsylvania, United States

Murry's is a manufacturer of frozen French toast sticks and bites that are sold into the private label retail and food service channels. The company is a family-owned business trusted name in food manufacturing with French toast products distributed nationwide. Murry's was founded in 1948 and is based in Lebanon, Pennsylvania.

Buy -
Mergr

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