Investment Summary

Entrepreneurial Equity Partners and Mubadala Capital Invest In Thrive Foods

On January 13, 2022, private equity firm Entrepreneurial Equity Partners and sovereign wealth fund Mubadala Capital invested in food company Thrive Foods

Investment Highlights
  • This is Entrepreneurial Equity Partners’ 8th and Mubadala Capital’s 2nd transaction in the Food sector.
  • This is Entrepreneurial Equity Partners’ 7th and Mubadala Capital’s 8th transaction in the United States.
  • This is Entrepreneurial Equity Partners’ 3rd and Mubadala Capital’s 2nd transaction in California.

Investment Summary

Date 2022-01-13
Target Thrive Foods
Sector Food
Investor(s) Entrepreneurial Equity Partners
Mubadala Capital
Deal Type Growth Capital

Target

Thrive Foods

Modesto, California, United States
Thrive Foods is a manufacturer of freeze-dried products, including fruits, vegetables, proteins, pet treats, probiotics, enzymes, and prepared meals. Thrive Foods was founded in 2004 and is based in Modesto, California.

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Investor(S) 2

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 8 of 12
Sector (Food) 8 of 10
Type (Growth Capital) 4 of 5
State (California) 3 of 3
Country (United States) 7 of 10
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-13 Mercer Foods

Modesto, California, United States

Mercer Foods is a provider of freeze-dried fruit and vegetable ingredients. Mercer Foods offers a complete solution for freeze-dried food needs, including an extensive product portfolio and complete customization capabilities. Mercer Foods was founded in 1980 and is based in Modesto, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-16 Furlani Foods

Mississauga, Ontario, Canada

Furlani Foods is a producer of specialty garlic breads for distribution to north america’s retailers and foodservice operators. Furlani Foods was founded in 1984 and is based in Mississauga, Ontario.

Buy -
Investor

Mubadala Capital

Investor


Category Sovereign Wealth Fund
Founded 2002
PE ASSETS 276.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Mubadala Capital is a private equity firm focused on investing capital across a range of assets worldwide. The Firm primarily invests in private and public assets, but also considers credit, real estate, and alternatives. Mubadala invests in a variety of sectors including industrials, healthcare, energy, renewables, financial services, infrastructure, and business services. Mubadala Capital was founded in 2008 and is headquartered in Abu Dhabi, United Arab Emirates.


DEAL STATS #
Overall 31 of 43
Sector (Food) 2 of 3
Type (Growth Capital) 2 of 3
State (California) 2 of 3
Country (United States) 8 of 12
Year (2022) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-13 Mercer Foods

Modesto, California, United States

Mercer Foods is a provider of freeze-dried fruit and vegetable ingredients. Mercer Foods offers a complete solution for freeze-dried food needs, including an extensive product portfolio and complete customization capabilities. Mercer Foods was founded in 1980 and is based in Modesto, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-03 Unesulbahi

Eunapolis, Brazil

Unesulbahi is an operator of a medical university with the purpose of training people, and historical subjects, impregnated with socio-environmental values ​​and principles. Unesulbahi is based in Eunapolis, Brazil.

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