Investment Summary

Riverside, Apogem Capital and GMB Capital Partners Exits Parker Food Group

On August 11, 2022, private equity firm Investindustrial invested in food company Parker Food Group from Riverside, Apogem Capital and GMB Capital Partners

Investment Highlights
  • This is Investindustrial’s 6th transaction in the Food sector.
  • This is Investindustrial’s 5th transaction in the United States.
  • This is Investindustrial’s 1st transaction in Texas.

Investment Summary

Date 2022-08-11
Target Parker Food Group
Sector Food
Investor(s) Investindustrial
Sellers(s) Riverside
Apogem Capital
GMB Capital Partners
Deal Type Secondary Buyout

Target

Parker Food Group

Fort Worth, Texas, United States
Parker Food Group is a manufacturer of custom specialty ingredients used by a wide array of well-known food & beverage companies. Parker’s product offerings include toppings, inclusions, grinds, flavor bases, icings, swirls, and other innovative items. It has built a strong and loyal following thanks to its proven R&D team, flexibility, and capabilities to quickly deliver unique offerings using clean-label, natural, and organic ingredients. Parker Food Group was founded in 1926 and is based in Fort Worth, Texas.

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Investor(S) 1

Investor

Investindustrial

London, United Kingdom

Investor


Category Private Equity Firm
Founded 1990
PE ASSETS 11.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Investindustrial is an investment firm focused on creating global leaders through organic growth and acquisitions. The Firm is operationally driven and seeks opportunities in Southern Europe. Areas of interest include services, consumer, retail, leisure, and industrial manufacturing. Investindustrial has offices in London, Luxembourg, Milan, Lugano, Barcelona, Shanghai, and New York.


DEAL STATS #
Overall 58 of 66
Sector: Food M&A 6 of 9
Type: Secondary Buyout M&A Deals 13 of 16
State: Texas M&A 1 of 1
Country: United States M&A 5 of 8
Year: 2022 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-11 Winland Foods

Oak Brook, Illinois, United States

Winland Foods is a global manufacturer of private label and branded foods for retail and co-pack customers. At our core, we're passionate about creating delicious food that brings people together. Winland Foods take pride in using only the finest ingredients in our products, from our classic recipes to our innovative new creations. Every product meets the highest standards of taste, quality, and accessibility. Winland Foods is based in Oak Brook, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-25 Benvic

Chevigny Saint Sauveur, France

Benvic develops, produces and markets highly customized, innovative thermoplastic solutions based on PVC, TPE, HFFR and bio-polymers that are utilized across a wide range of rigid and flexible end-applications including building and construction, medical, automotive, aerospace, cabling, packaging and fluid transport. Benvic was founded in 1963 and is based in Chevigny Saint Sauveur, France.

Sell -

Seller(S) 3

SELLER

Riverside

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 183 of 207
Sector: Food M&A 6 of 7
Type: Secondary Buyout M&A Deals 72 of 83
State: Texas M&A 14 of 15
Country: United States M&A 129 of 146
Year: 2022 M&A 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-12 WorkStride

New York, New York, United States

WorkStride is a facilitator of incentive, recognition and wellness programs. WorkStride provides a software platform that allows clients to administer, manage and track their programs to drive ROI. Using their proprietary universal gift card reward, participants in WorkStrides’ programs can select from hundreds of retailers and millions of products. WorkStride is based in New York city.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-13 siffron

Twinsburg, Ohio, United States

siffron is a provider of point-of-purchase merchandising and display solutions for retail applications. The Company sells the industry's broadest range of merchandising systems and accessories including shelf management systems, shelf-edge label holders, sign holders, hang tabs, hooks, fasteners, banner hangers, literature holders, and acrylic displays. siffron was founded in 1962 and is based in Twinsburg, Ohio.

Buy -
SELLER

Apogem Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 2001
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apogem Capital is a diversified alternative investment manager and subsidiary of insurance provider, New York Life. Apogem manages a variety of investment strategies including private equity, private credit, and real assets. Within private equity, the Firm looks to make fund, direct, and secondary investments, as well as acquire GP stakes. Within its direct investing activity, Apogem targets mid-sized companies valued up to $250 million and will consider businesses throughout North America and Europe. Apogem Capital formed as the result of New York Life combining PA Capital, Madison Capital Funding, and Goldpoint Partners into one entity. Apogem Capital is based in New York City.


DEAL STATS #
Overall 47 of 52
Sector: Food M&A 1 of 1
Type: Secondary Buyout M&A Deals 23 of 25
State: Texas M&A 2 of 2
Country: United States M&A 47 of 52
Year: 2022 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-06 apexanalytix

Greensboro, North Carolina, United States

apexanalytix is a provider of supplier management, audit, recovery, and compliance software, and services. apexanalytix was founded in 1988 and is based in Greensboro, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-03 National Auto Care

Westerville, Ohio, United States

National Auto Care is a provider of F&I products, administration, consulting services, training and marketing support to independent agents, insurance companies, financial institutions, third-party administrators, and credit unions. National Auto Care focuses on increasing agent and dealer profitability by providing unique F&I products in protected markets. National Auto Care was recently named a Top Workplace in Central Ohio for the third year running and was honored with a 2018 Dealer’s Choice Platinum Award for F&I Products. NAC was founded in 1984 and is based in Westerville, Ohio.

Sell -
SELLER
DESCRIPTION

GMB Mezzanine makes private mezzanine investments in lower middle-market companies throughout the US. GMB targets companies with total enterprise values under $200 million and with annual revenue between $20 and $200 million. The Firm looks to invest $3 to $25 million, with participation in larger mezzanine investments with co-investment partners. Areas of interest include manufacturing, distribution, fabrication, healthcare, aerospace, consumer and business services. GMB Mezzanine was formed in 2004 and is headquartered in Minneapolis, Minnesota.


DEAL STATS #
Overall 6 of 6
Sector: Food M&A 1 of 1
Type: Secondary Buyout M&A Deals 4 of 4
State: Texas M&A 1 of 1
Country: United States M&A 6 of 6
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-21 CellSite Solutions

Cedar Rapids, Iowa, United States

CellSite Solutions is a provider of telecommunications equipment and services, including site installation and maintenance to telecommunications companies of all types and sizes. CellSite Solutions was founded in 2010 and is based in Cedar Rapids, Iowa.

Buy -