M&A Deal Summary

Deerland Probiotics & Enzymes Acquires National Enzyme

On July 19, 2018, Deerland Probiotics & Enzymes acquired consumer products company National Enzyme from Prairie Capital and Skyline Global Partners

Acquisition Highlights
  • This is Deerland Probiotics & Enzymes’ 1st transaction in the Consumer Products sector.
  • This is Deerland Probiotics & Enzymes’ 1st transaction in the United States.
  • This is Deerland Probiotics & Enzymes’ 1st transaction in Missouri.

M&A Deal Summary
Date 2018-07-19
Target National Enzyme
Sector Consumer Products
Buyer(s) Deerland Probiotics & Enzymes
Sellers(s) Prairie Capital
Skyline Global Partners
Deal Type Add-on Acquisition

Target

National Enzyme

Forsyth, Missouri, United States
National Enzyme Co. is a contract manufacturer of vitamins and supplements and offers its customers end-to-end product management, including ingredients, formulation development, creative packaging, and label design, production and packaging, and laboratory testing. National Enzyme was established in 1932 and is based in Forsyth, Missouri.

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Buyer(S) 1

Buyer

Deerland Probiotics & Enzymes

Kennesaw, Georgia, United States
Category Company
Founded 1990
Sector Consumer Products
DESCRIPTION

Deerland Probiotics & Enzymes is a developer, formulator, and manufacturer of enzyme- and probiotic-based dietary supplements. Deerland specializes in customized product formulations and offers a line of clinically-studied branded ingredients, including its probiotic, DE111, which recently earned Non-GMO Project verification and Health Canada approval. The Company also offers multiple branded enzymes, including its innovative Glutalytic and ProHydrolase products. Deerland Enzymes was founded in 1990 and is based in Kennesaw, Georgia.

DEAL STATS #
Overall 1 of 1
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Missouri) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1

Seller(S) 2

SELLER

Prairie Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 525M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Prairie Capital is a private investment firm that provides equity and/or mezzanine capital to support buyouts and recapitalization of lower middle-market companies generating sales of $20 - $100 million with an EBITDA of $4 - $12 million. Areas of interest include niche manufacturers, business services, consumer products, marketing services, specialty chemical, and food businesses. The firm invests in the range of $25 - $45 million per transaction. Prairie Capital was formed in 1997 and is based in Chicago, Illinois.

DEAL STATS #
Overall 44 of 55
Sector (Consumer Products) 12 of 12
Type (Add-on Acquisition) 13 of 18
State (Missouri) 1 of 1
Country (United States) 43 of 54
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-01 Foss Swim School

Eden Prairie, Minnesota, United States

Foss Swim School is a provider of learn-to-swim programs for children of all ages and skill levels. Foss currently operates 14 swim school locations throughout the Minneapolis and Chicago markets. The Company offers year-round swim instruction with over 20,000 students enrolled at any given time, and total annual enrollment approaching 100,000 students. Foss Swim School was established in 1993 and is based in Eden Prairie, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-02 Pioneer Metal Finishing

Green Bay, Wisconsin, United States

Pioneer Metal Finishing is a provider of metal finishing services, with primary processes including anodizing of aluminum and electroless nickel plating of ferrous and non-ferrous metals. Pioneer Metal Finishing was founded in 1945 and is based in Green Bay, Wisconsin.

Sell -
SELLER

Skyline Global Partners

Chicago, Illinois, United States

Investor Investor Investor

Category Private Equity Firm
Founded 2010
Size Small
Type Sector Agnostic
DESCRIPTION

Skyline Global Partners LLC is a private equity firm focused on buyouts and growth capital investments in mid-sized companies with $10 to $100 million in revenue. The Firm looks to invest $10 to $100 million and prefers companies with recurring revenue, low capital expenditures, and diversified customer bases. Sectors of interest include healthcare, manufacturing, business services, software, consumer products, agriculture, food, and beverages. Skyline Global Partners was formed in 2010 and is based in Chicago, Illinois.

DEAL STATS #
Overall 3 of 6
Sector (Consumer Products) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Missouri) 1 of 1
Country (United States) 2 of 5
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-19 Earth Science

Green Bay, Wisconsin, United States

Earth Science is a provider in the consumer lawn and garden marketplace. The Company creates environmentally responsible, easy-to-use, high-performance lawn and garden products and continues to deliver against this vision today. Earth Science is based in Green Bay, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-15 Egg Innovations

Warsaw, Indiana, United States

Egg Innovations produces eggs in partnership with family farms across the Midwest and sells them to the largest grocery stores under the Blue Sky Family Farms brand and into the growing private label category. Egg Innovations was founded in 1999 and is based in Warsaw, Indiana.

Buy -
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