M&A Deal Summary

Coborn s Acquires CobornsDelivers

On August 26, 2008, Coborn s acquired e-commerce company CobornsDelivers from LFE Capital

Acquisition Highlights
  • This is Coborn s’ 1st transaction in the E-Commerce sector.
  • This is Coborn s’ 1st transaction in the United States.
  • This is Coborn s’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2008-08-26
Target CobornsDelivers
Sector E-Commerce
Buyer(s) Coborn s
Sellers(s) LFE Capital
Deal Type Add-on Acquisition

Target

CobornsDelivers

New Hope, Minnesota, United States
CobornsDelivers LLC offers the premier online grocery shopping experience in the greater Twin Cities area.

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Buyer(S) 1

Buyer

Coborn s

St. Cloud, Minnesota, United States
Category Company
Founded 1921
Sector Retail
DESCRIPTION

Coborn's, Inc. is a grocery retailer an operates a chain of supermarkets.

DEAL STATS #
Overall 1 of 2
Sector (E-Commerce) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Minnesota) 1 of 2
Country (United States) 1 of 2
Year (2008) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-30 SUPERVALU - Hornbacher s Stores

Eden Prairie, Minnesota, United States

SUPERVALU, Inc. - Hornbacher's Stores operates 8 locations in the Fargo-Moorhead area and Grand Forks, N.D. Throughout its history, Hornbacher's has driven to have the highest quality and freshest perishable products as well as to be an active part of the Fargo-Moorhead community through support of many civic, educational, arts and non-profit organizations.

Buy -

Seller(S) 1

SELLER

LFE Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
Size Small
Type Sector Agnostic
DESCRIPTION

LFE Capital is a private equity firm that provides junior and buyout capital to middle-market companies located in the upper Midwest US. Sectors of interest include consumer products and services, health related products and services, and business services. LFE prefers established or emerging businesses with at least $5 million of annual revenue and $1 million of cash-flow. LFE has a special interest in businesses that are owned or led by women and businesses that target female consumers. The Firm will consider both control and minority positions. LFE Capital was formed in 1999 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 3 of 8
Sector (E-Commerce) 1 of 2
Type (Add-on Acquisition) 2 of 6
State (Minnesota) 2 of 3
Country (United States) 3 of 8
Year (2008) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-17 FoodChain ID

Fairfield, Iowa, United States

FoodChain ID is a provider of analytic testing, third-party certification, and consulting services to the agriculture and food industries. The company’s products are used for the testing of food and agricultural products to detect genetically modified organisms (GMOs) and to ensure compliance with national and international government regulations, client and trading partner demands, and consumer information needs. FoodChain ID was founded in 1996 and is based in Fairfield, Iowa.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-02-19 Portero

New York, New York, United States

Portero operates an online marketplace for preowned, authenticated luxury goods. The site offers the world’s most exclusive brand names in watches, jewelry, and accessories. Portero has developed strategic and product sourcing relationships with over 140 retailers, manufacturers and dealers.

Buy -
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