Add-on Acquisition • Food

Dogwood Equity Exits Wizard s Cauldron

On May 23, 2019, Litehouse invested in food company Wizard s Cauldron from Dogwood Equity

Investment Context
  • This is Litehouse’s 1st transaction in the Food sector.
  • This is Litehouse’s 1st transaction in the United States.
  • This is Litehouse’s 1st transaction in North Carolina.

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Investment Summary

Date May 23, 2019
Target Wizard s Cauldron
Sector Food
Investor(s) Litehouse
Sellers(s) Dogwood Equity
Deal Type Add-on Acquisition

Target Company

Wizard s Cauldron

Yanceyville, North Carolina, United States
Sky Valley Foods is a developer and co-packer of natural and organic salad dressings, marinades, sauces, and condiments. Sky Valley Foods was founded in 1986 and is based in Yanceyville, North Carolina.
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Investor Overview 1

Investor

Litehouse

Sandpoint, Idaho, United States

Category Company
Sector Food
DESCRIPTION

Litehouse, Inc. is a refrigerated salad dressing, dips, cheese, and other innovative consumer packaged goods, manufacturing these delicious products at its five U.S. facilities based in Idaho, Michigan, and Utah. Litehouse offers its diverse portfolio of products through general retail, e-commerce, foodservice, deli, member stores, and value-added goods where Litehouse products are featured in meal and salad kits.


Deal Context for Investor #
Overall 1 of 1
Sector: Food 1 of 1
Type: Add-on Acquisition 1 of 1
State: North Carolina 1 of 1
Country: United States 1 of 1
Year: 2019 1 of 1

Seller Profile 1

SELLER

Dogwood Equity

Raleigh, North Carolina, United States

Category Private Equity Firm
Founded 2002
PE ASSETS 74M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Dogwood Equity is a private equity fund focused on control buyouts and select non-control investments in private companies located in the Southeast US. The firm will consider investments in a broad range of industries, including manufacturing, distribution, service, and consumer products. Prospective companies generally have revenue of $10 to $75 million and EBITDA of $3 to $10 million. Dogwood's target investment size is $4 to $10 million. Dogwood Equity was formed in 2002 and is based in Raleigh, North Carolina, with an additional office in Charlotte.


Deal Context for Seller #
Overall 8 of 8
Sector: Food 2 of 2
Type: Add-on Acquisition 3 of 3
State: North Carolina 5 of 5
Country: United States 8 of 8
Year: 2019 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-02 ICA

Charlotte, North Carolina, United States

ICA is a provider of outsourced catastrophe claims adjustment services.

Sell -