M&A Deal Summary |
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|---|---|
| Date | 2022-10-31 |
| Target | Dianne s Fine Desserts |
| Sector | Food |
| Buyer(s) | Dessert Holdings |
| Sellers(s) | Geneva Glen Capital |
| Deal Type | Add-on Acquisition |
| Advisor(s) | RSM EquiCo Capital Markets LLC Lazard (Financial) Katten Muchin Rosenman (Legal) |
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Dessert Holdings is a dessert company, recognized for providing its retail and foodservice customers with chef-inspired innovative desserts made with real ingredients, a flexible and low-cost supply chain, and best-in-class service. It is an umbrella organization of three premium dessert companies and brands: The Original Cakerie, Lawler’s Desserts, and Atlanta Cheesecake Company. Together, the companies serve more than 250 customers in the United States, Canada, Mexico, the Caribbean, South America and Asia. Dessert Holdings was founded in 1979 and is based in St. Paul, Minnesota.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 6 |
| Sector (Food) | 4 of 5 |
| Type (Add-on Acquisition) | 5 of 6 |
| State (Massachusetts) | 1 of 1 |
| Country (United States) | 4 of 5 |
| Year (2022) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-01-03 |
Steven Charles
Aurora, Colorado, United States Steven Charles is a chef-driven innovation grounded in curiosity, inspiration, and expertise, coupled with high-quality ingredients, resulting in the world’s most enjoyable, memorable desserts for foodservice outlets, hospitality operators, retail and in-store bakeries. Steven Charles was formed in 1995 and is based in Aurora, Colorado. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-05-15 |
Kenny’s Great Pies
Smyrna, Georgia, United States Kenny's Great Pies is a manufacturer of branded and private-label premium pies and pie fillings sold through grocery stores, distributors, chain restaurants, and convenience stores. Kenny’s Great Pies was founded in 1989 and is based in Smyrna, Georgia. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2008 |
| Size | Small |
| Type | Sector Agnostic |
Geneva Glen Capital is a private equity firm that invests in lower middle-market companies. The Firm partners with management when pursuing private companies with leading market positions, significant growth potential, and stable cash flows. Target businesses are located in the US or Canada and have $2 to $20 million of EBITDA. Sectors of interest include business/consumer services, consumer products, environmental services, education, healthcare, niche manufacturing, publishing, chemicals, insurance, and value-added distribution. Geneva Glen will not invest in high technology, retail, restaurants, real estate, or early-stage companies. Geneva Glen Capital was formed in 2008 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 11 of 11 |
| Sector (Food) | 1 of 1 |
| Type (Add-on Acquisition) | 8 of 8 |
| State (Massachusetts) | 1 of 1 |
| Country (United States) | 11 of 11 |
| Year (2022) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-03-01 |
Salon Freedom
Pennsylvania, United States Salon Freedom is a large franchisees of Sola Salon Studios. Sola operates salon suites in the U.S. and offers independent beauty professionals the freedom and benefits of salon ownership without the risk and overhead of opening a traditional salon. Sola provides beauty professionals with fully equipped salon studios along with the support and tools they need to launch their own salon business. Salon Freedom has a proven ability to develop successful Sola franchise locations, with 37 units across Pennsylvania, Southern New Jersey, and Tennessee. |
Buy | - |
