M&A Deal Summary

Greyrock Capital Group and Horizon Holdings Acquire Healthy Food Ingredients

On October 1, 2013, mezzanine finance firm Greyrock Capital Group and private equity firm Horizon Holdings acquired food company Healthy Food Ingredients

Acquisition Highlights
  • This is Greyrock Capital Group’s 3rd and Horizon Holdings’ 2nd transaction in the Food sector.
  • This is Greyrock Capital Group’s 45th and Horizon Holdings’ 5th transaction in the United States.
  • This is Greyrock Capital Group’s 1st and Horizon Holdings’ 1st transaction in North Dakota.

M&A Deal Summary
Date 2013-10-01
Target Healthy Food Ingredients
Sector Food
Buyer(s) Greyrock Capital Group
Horizon Holdings
Deal Type Recapitalization

Target

Healthy Food Ingredients

Fargo, North Dakota, United States
Healthy Food Ingredients is a supplier of non-GMO and organic ingredients in North America. Healthy Food Ingredients is based in Fargo, North Dakota.

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Buyer(S) 2

Buyer

Greyrock Capital Group

Walnut Creek, California, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2002
PE ASSETS 350M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Greyrock Capital Group provides mezzanine debt and equity capital to finance buyouts, recapitalizations and growth needs of middle market companies. Greyrock looks to invest between $8 and $40 million of equity and/or junior capital in companies with minimum revenues of $10 million and at least $2 million of EBITDA. Greyrock prefers companies in defensible markets with low cost structures. Greyrock Capital was formed in 2002 and has offices in San Francisco, California; Chicago, Illinois; and Westport, Connecticut.

DEAL STATS #
Overall 45 of 61
Sector (Food) 3 of 4
Type (Recapitalization) 9 of 9
State (North Dakota) 1 of 1
Country (United States) 45 of 60
Year (2013) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-17 SoftWriters

Allison Park, Pennsylvania, United States

SoftWriters, Inc. is a software solution provider servicing pharmacies that provide care to long term post-acute care patients, assisted living residents, independent living residents, pharmacies servicing group homes, correctional facilities, specialty pharmacies, and pharmacies servicing 340B contracts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-01 APCT

Santa Clara, California, United States

APCT is a manufacturer of high reliability, technologically advanced, quick-turn printed circuit board prototypes for aerospace and defense, industrial, and consumer electronics companies. The company offers its customers world-class cycle times and quality, robust engineering capabilities, and comprehensive global program management. APCT was founded in 1977 and is based in Santa Clara, California.

Buy -
Buyer

Horizon Holdings

San Francisco, California, United States

Investor Investor

Category Private Equity Firm
Founded 1989
Size Small
Type Sector Agnostic
DESCRIPTION

Horizon Holdings, LLC is a private investment firm that pursues independent private companies, and divisions or subsidiaries of larger corporations. The firm looks for companies that are manufacturers and distributors of food, beverages, recreational or consumer products. Horizon targets companies with revenue between $10 and $150 million. Horizon Holdings, LLC was formed in 1989 and is based in San Francisco, California.

DEAL STATS #
Overall 5 of 5
Sector (Food) 2 of 2
Type (Recapitalization) 1 of 1
State (North Dakota) 1 of 1
Country (United States) 5 of 5
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-22 Malibu Boats

Loudon, Tennessee, United States

Malibu Boats is a designer and manufacturer of sport boats. Malibu Boats was founded in 1982 and is based in Loudon, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-31 Malibu Boats

Loudon, Tennessee, United States

Malibu Boats is a designer and manufacturer of sport boats. Malibu Boats was founded in 1982 and is based in Loudon, Tennessee.

Sell -
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