M&A Deal Summary

Elior SCA Acquires TrustHouse Services Group

On March 18, 2013, Elior SCA acquired food company TrustHouse Services Group from Gryphon Investors and Triangle Capital

Acquisition Highlights
  • This is Elior SCA’s 1st transaction in the Food sector.
  • This is Elior SCA’s 1st transaction in the United States.
  • This is Elior SCA’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2013-03-18
Target TrustHouse Services Group
Sector Food
Buyer(s) Elior SCA
Sellers(s) Gryphon Investors
Triangle Capital
Deal Type Add-on Acquisition
Advisor(s) Jefferies (Financial)

Target

TrustHouse Services Group

Charlotte, North Carolina, United States
TrustHouse Services Group, Inc. is a food service provider focused on the healthcare, education and corrections sectors. TrustHouse manages over 675 client accounts across 45 states.

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Buyer(S) 1

Buyer

Elior SCA

Paris, France
Category Company
Founded 1991
Sector Food
DESCRIPTION

France's leading concession and contract caterers, we invested €427m in a complex leveraged buyout to create Eliance, a new company that immediately became France's leading concession catering company.

DEAL STATS #
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 (2013) 1 of 1

Seller(S) 2

SELLER

Gryphon Investors

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 8.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Gryphon Investors is a private equity firm focused on making $50 to $300 million of equity or equity-linked investments in middle-market companies. Target transaction situations include traditional buyouts, leveraged build-ups, and growth financings. Gryphon will consider both control and shared-control positions. Sectors of interest include business services, consumer, retail, automotive, chemicals, general manufacturing, healthcare, and hotels. Gryphon Investors was formed in 1997 and is based in San Francisco, California.

DEAL STATS #
Overall 14 of 35
Sector (Food) 1 of 3
Type (Add-on Acquisition) 6 of 16
State (North Carolina) 1 of 2
Country (United States) 14 of 35
Year (2013) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-01 Update Legal

New York City, New York, United States

Update Legal, Inc. is an independent provider of temporary legal professionals.Update Legal delivers services to many of the largest law firms in the United States and Fortune 500 corporate clientele through a national network of branch offices in major metropolitan markets throughout the country. Update Legal was founded in 1970 and is based in New York City, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-14 Vince & Associates Clinical Research

Overland Park, Kansas, United States

Vince & Associates Clinical Research Inc. is a provider of clinical research services to the pharmaceutical and biotech industry worldwide.

Sell -
SELLER

Triangle Capital

Raleigh, North Carolina, United States
Category Private Equity Firm
Founded 2007
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 9 of 71
Sector (Food) 1 of 4
Type (Add-on Acquisition) 5 of 33
State (North Carolina) 3 of 8
Country (United States) 9 of 70
Year (2013) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-25 AVL Digital Group

Pennsauken, New Jersey, United States

AVL Digital Group is a provider of value-added creative, production, marketing, distribution, website hosting, digital aggregation, and artist revenue management products and services used by independent artists and authors. AVL Digital Group was formed in 1946 and is based in Pennsauken, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-08 Dyno Merchandise

Pompano Beach, Florida, United States

Dyno is an exclusive licensee of the Singer brand for sewing accessories and a large producer and marketer of holiday decorative home products. Dyno was formed in 1954 and is based in Pompano Beach, Florida.

Buy -
Mergr

Product

Company

Legal