M&A Deal Summary

Gopuff Acquires BevMo

On November 5, 2020, Gopuff acquired retailer BevMo from TowerBrook Capital Partners for 350M USD

Acquisition Highlights
  • This is Gopuff’s 1st transaction in the Retail sector.
  • This is Gopuff’s largest (disclosed) transaction.
  • This is Gopuff’s 1st transaction in the United States.
  • This is Gopuff’s 1st transaction in California.

M&A Deal Summary
Date 2020-11-05
Target BevMo
Sector Retail
Buyer(s) Gopuff
Sellers(s) TowerBrook Capital Partners
Deal Type Add-on Acquisition
Deal Value 350M USD
Advisor(s) J.P. Morgan Securities (Financial)
Kirkland & Ellis (Legal)

Target

BevMo

Concord, California, United States
BevMo is a specialty retailing chain engaged in the sale of premium alcoholic beverages, specialty food, and related merchandise. BevMo is founded in 1994 and is based in Concord, California.

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Buyer(S) 1

Buyer

Gopuff

Philadelphia, Pennsylvania, United States
Category Company
Founded 2013
Sector Internet Software and Services
DESCRIPTION

Gopuff is a developer of go-to platform fulfilling customer orders of cleaning and home products to over-the-counter medications to food and drinks. Gopuff was founded in 2013 and is based in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 1 of 6
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 1 of 6
State (California) 1 of 2
Country (United States) 1 of 5
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-06 Fancy

Wilmington, Delaware, United States

Fancy is an on-demand delivery solution for groceries and daily essentials. Hyperlocal dark stores act as micro-fulfillment centers, allowing Fancy to deliver thousands of products straight to your door, in under 30 minutes. Fancy was founded by Arnie Englander and Jack Wilson in January 2020 and operates in 6 cities across the UK.

Buy -

Seller(S) 1

SELLER

TowerBrook Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 17.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TowerBrook Capital Partners is a private equity firm focused on leveraged buyouts, leveraged build-ups and distressed situation investments throughout North America and Europe. TowerBrook prefers control-oriented investments and actively pursues complex situations that other firms may avoid. Target sectors include consumer services, distribution, beverages, pharmaceuticals, media, technology, communications, software, and healthcare. TowerBrook Capital Partners was established in 2001 and is headquartered in New York City.

DEAL STATS #
Overall 40 of 45
Sector (Retail) 3 of 3
Type (Add-on Acquisition) 19 of 21
State (California) 4 of 5
Country (United States) 21 of 24
Year (2020) 3 of 3
Size (of disclosed) 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-26 SMG

Dallas, Texas, United States

SMG is a pure play dine-in theater chain in the U.S., operating over 30 cinemas across the country. The company has modernized the traditional movie-going experience by combining first-run movies with immersive, full-service, in-theater dining. SMG’s corporate mission is to “open hearts and minds, one story at a time”, and the Company has committed significant resources to give back to the communities in which it operates. SMG was founded in 1993 and is based in Dallas, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-03 Consolis-Rail Business

Brussels, Belgium

Consolis Rail Business consists of a portfolio of brands that designs and manufactures sleepers and other precast concrete products for railways for close to 100 years.

Buy -
Mergr

Product

Company

Legal