M&A Deal Summary

Chocoladefabriken Lindt & Sprüngli AG Acquires Ghirardelli Chocolate Co.

On January 12, 1998, Chocoladefabriken Lindt & Sprüngli AG acquired food company Ghirardelli Chocolate Co. from Kainos Capital

Acquisition Highlights
  • This is Chocoladefabriken Lindt & Sprüngli AG’s 1st transaction in the Food sector.
  • This is Chocoladefabriken Lindt & Sprüngli AG’s 1st transaction in the United States.
  • This is Chocoladefabriken Lindt & Sprüngli AG’s 1st transaction in California.

M&A Deal Summary

Date 1998-01-12
Target Ghirardelli Chocolate Co.
Sector Food
Buyer(s) Chocoladefabriken Lindt & Sprüngli AG
Sellers(s) Kainos Capital
Deal Type Add-on Acquisition

Target

Ghirardelli Chocolate Co.

San Leandro, California, United States
Ghirardelli Chocolate Co. is a manufacturer and marketer of premium chocolate products. The Company's product line includes branded confections, gift and baking items, as well as industrial products for the confection, bakery, dairy and food service industries.

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Buyer(S) 1

Buyer

Chocoladefabriken Lindt & Sprüngli AG

Kilchberg, Switzerland

Category Company
Founded 1845
Sector Food
Employees12,043
DESCRIPTION

Lindt & Sprüngli produces premium quality chocolate, offering a large selection of products in more than 120 countries around the world.


DEAL STATS #
Overall 1 of 1
Sector: Food M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 1998 M&A 1 of 1

Seller(S) 1

SELLER

Kainos Capital

Dallas, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
Size Middle-Market
Type Sector Focused
DESCRIPTION

Kainos Capital is a private equity firm focused on the food and consumer products sector. Kainos targets manufacturers and marketers of food products, as well as other consumer products in the household and personal care industries and over-the-counter health and nutritional products sectors. The Firm's target investment size is $50 to $150 million in a company with an EBITDA of $10 to $80 million. Kainos Capital is based in Dallas, Texas.


DEAL STATS #
Overall 3 of 19
Sector: Food M&A 3 of 12
Type: Add-on Acquisition M&A Deals 2 of 9
State: California M&A 1 of 4
Country: United States M&A 3 of 18
Year: 1998 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-11-19 International Home Foods

Parsippany, New Jersey, United States

International Home Foods, Inc. ("IHF") is a manufacturer and marketer of shelf-stable food products with popular brand names, including Chef Boyardee prepared foods, Bumble Bee premium canned seafood, PAM cooking spray, Polaner fruit spreads and spices and Gulden's mustard.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-09-01 Swift & Co.

Greeley, Colorado, United States

Swift & Company is a processor of fresh beef and pork in the U.S. and a beef processor in Australia. Swift processes, prepares, packages, markets, and delivers fresh, further processed and value-added beef and pork products to customers in the United States and international markets. Swift & Company was formed in 1855 and is based in Greeley, Colorado.

Buy $225M