M&A Deal Summary

Greencore Acquires Marketfare Foods

On April 16, 2012, Greencore acquired food company Marketfare Foods from Swander Pace Capital for 36M USD

Acquisition Highlights
  • This is Greencore’s 8th transaction in the Food sector.
  • This is Greencore’s 5th largest (disclosed) transaction.
  • This is Greencore’s 3rd transaction in the United States.
  • This is Greencore’s 1st transaction in Arizona.

M&A Deal Summary
Date 2012-04-16
Target Marketfare Foods
Sector Food
Buyer(s) Greencore
Sellers(s) Swander Pace Capital
Deal Type Add-on Acquisition
Deal Value 36M USD
Advisor(s) C.W. Downer & Co. (Financial)

Target

Marketfare Foods

Phoenix, Arizona, United States
Marketfare Foods LLC is a provider of frozen and fresh sandwiches, burritos, and chili and cheese sauces. Marketfare sells products across a wide range of distribution channels including convenience stores, warehouse clubs, foodservice, grocery stores, and vending.

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Buyer(S) 1

Buyer

Greencore

Dublin, Ireland
Category Company
Founded 1991
Sector Food
Employees13,600
Revenue 1.9B GBP (2023)
DESCRIPTION

Greencore Group is a food company, offering sandwiches, salads, sushi, chilled snacking, chilled ready meals, chilled soups and sauces, chilled quiche, ambient sauces and pickles, and frozen Yorkshire Puddings. Greencore Group was founded in 1991 and is based in Dublin, Ireland.

DEAL STATS #
Overall 9 of 15
Sector (Food) 8 of 12
Type (Add-on Acquisition) 8 of 13
State (Arizona) 1 of 1
Country (United States) 3 of 7
Year (2012) 1 of 2
Size (of disclosed) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-29 Uniq

Gerrards Cross, United Kingdom

Uniq plc offers fresh and chilled convenience food products in the United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-21 H.C. Schau & Son

Woodridge, Illinois, United States

H.C. Schau & Son, Inc. products include sandwiches and sushi, as well as entrees and other ready to eat items sold through the convenience store and retail grocery channels.

Buy -

Seller(S) 1

SELLER

Swander Pace Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 1.8B USD
Size Large
Type Sector Focused
DESCRIPTION

Swander Pace Capital (SPC) is a private equity firm focused on investing in North American middle-market consumer products companies. SPC looks for companies exhibiting strong growth potential and sales of up to $500 million. Specific areas of interest include food/beverage, household products, health living, packaging, personal care, pet products, sporting goods, specialty apparel, and specialty distribution. Prospective investment situations include management-led buyouts, consolidations, divestitures, turnarounds, recapitalizations, and growth capital financings. SPC was formed in 1996 and has offices in San Francisco, California; Bedminster, New Jersey; and Ontario, Canada.

DEAL STATS #
Overall 20 of 42
Sector (Food) 10 of 22
Type (Add-on Acquisition) 11 of 25
State (Arizona) 1 of 1
Country (United States) 19 of 35
Year (2012) 1 of 2
Size (of disclosed) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-01 Wholesome Pet Care

London, United Kingdom

Wholesome Pet Care Ltd. is a manufacturer and marketer of high-quality complete dog and cat food and treats through its subsidiaries Cambrian Pet Foods and Pointer Pet Products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-26 Branch Brook Holdings

Bedminster, New Jersey, United States

Branch Brook Holdings is a producer of organic and natural consumer products. Branch Brook Holdings invests in organic, natural, and specialty consumer product companies in North America. Branch Brook Holdings was founded in 2012 and is based in Bedminster, New Jersey.

Buy -
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