M&A Deal Summary

Entrepreneurial Equity Partners Acquires Daniele

On September 17, 2019, private equity firm Entrepreneurial Equity Partners acquired food company Daniele

Acquisition Highlights
  • This is Entrepreneurial Equity Partners’ 2nd transaction in the Food sector.
  • This is Entrepreneurial Equity Partners’ 2nd transaction in the United States.
  • This is Entrepreneurial Equity Partners’ 1st transaction in Rhode Island.

M&A Deal Summary
Date 2019-09-17
Target Daniele
Sector Food
Buyer(s) Entrepreneurial Equity Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Daniele

Pascoag, Rhode Island, United States
Daniele produces specialty Italian charcuterie and deli meats, including prosciutto, salame, and snack packs. The company sells to hundreds of club, mass, and grocery customers under the Daniele and Del Duca brands and offers private label products for retailers. Daniele was founded in 1945 and based in Mapleville, Rhode Island.

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Buyer(S) 1

Buyer

Entrepreneurial Equity Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2018
Size Small
Type Sector Focused
DESCRIPTION

Entrepreneurial Equity Partners is a private equity firm focused on opportunities in the food sector. Specific areas of interest include food/beverage brands, private label/contract manufacturing, foodservice, and consumer packaged goods. The Firm prefers control situations in businesses with minimum revenues of $50 million where it can commit at least $25 million of equity capital. Entrepreneurial Equity Partners is headquartered in Chicago, Illinois.

DEAL STATS #
Overall 2 of 12
Sector (Food) 2 of 10
Type (Buyout (LBO, MBO, MBI)) 1 of 3
State (Rhode Island) 1 of 1
Country (United States) 2 of 10
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-01 Sara Lee Frozen Bakery

Oakbrook Terrace, Illinois, United States

Sara Lee Frozen Bakery is a maker of frozen bakery and dessert products. Sara Lee Frozen Bakery premier brands include Sara Lee®, Van’s™, Chef Pierre®, and Bistro® Collection. Each day, Sara Lee Frozen Bakery pursues its Vision of becoming the world’s most beloved bakery by creating irresistible foods, growing with our customers, and delivering value for all. Sara Lee Frozen Bakery was founded in 2018 and is based in Oakbrook Terrace, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-12 Kronos Foods

Glendale Heights, Illinois, United States

Kronos Foods is a manufacturer of gyros meat, pita bread, baklava, and other Mediterranean foods and a specialty foodservice distributor to local retail outlets as well as to restaurants, hospitals, businesses, schools, and universities. Kronos Foods was founded in 1975 and is based in Glendale Heights, Illinois.

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