Investment Summary

Guidon Partners, Cressey and Berkshire Partners Invest In PurFoods

On May 2, 2016, private equity firms Guidon Partners, Cressey and Berkshire Partners invested in food company PurFoods

Investment Highlights
  • This is Guidon Partners’ 1st, Cressey’s 1st and Berkshire Partners’ 2nd transaction in the Food sector.
  • This is Guidon Partners’ 2nd, Cressey’s 23rd and Berkshire Partners’ 61st transaction in the United States.
  • This is Guidon Partners’ 1st, Cressey’s 1st and Berkshire Partners’ 1st transaction in Iowa.

Investment Summary
Date 2016-05-02
Target PurFoods
Sector Food
Investor(s) Guidon Partners
Cressey
Berkshire Partners
Deal Type Growth Capital

Target

PurFoods

Ankeny, Iowa, United States
PurFoods is a provider of home delivered meals to Medicaid clients. Company started PurFoods (pure·foods) to help people, like ourselves, who care for a loved one and want to ensure they have access to healthy meals that are convenient to prepare. PurFoods was founded in 1999 and is based in Ankeny, Iowa.

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Investor(S) 3

Investor

Guidon Partners

Category Private Equity Firm
Founded 2014
Size Small
Type Sector Focused
DESCRIPTION

Guidon Partners is a healthcare focused investment firm. It was formed in 2014 and is based in Richmond, Virginia.

DEAL STATS #
Overall 2 of 3
Sector (Food) 1 of 1
Type (Growth Capital) 1 of 1
State (Iowa) 1 of 1
Country (United States) 2 of 3
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-28 Performance Health

Warrenville, Illinois, United States

Performance Health is a multichannel branded supplier to the global rehabilitation, recovery and sports medicine markets. Its proprietary product portfolio consists of market leading health and wellness brands, including Biofreeze, TheraBand, Hygenic and Cramer. Performance Health was founded in 1918 and is based in Warrenville, Illinois.

Buy $715M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-22 PE GI Solutions

Jamison, Pennsylvania, United States

PE GI Solutions is a developer, manager, and owner of freestanding, single-specialty endoscopic Ambulatory Surgery Centers in partnership with practicing physicians and hospitals. PE GI Solutions was founded in 1998 and is based in Jamison, Pennsylvania.

Buy -
Investor

Cressey

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Cressey & Company LP is a specialist private equity investment firm focused on buy-and-build opportunities in the healthcare sector. The firm invests in the range of $10 - $100 million and EBITA of at least $5 million. The firm specific areas of interest include hospitals, homecare, outpatient services, and specialty distribution. Types of transaction include buyout, growth and recapitalization. It also seeks controlling interest. Cressey & Company has offices in Chicago, Illinois and Nashville, Tennessee.

DEAL STATS #
Overall 24 of 34
Sector (Food) 1 of 1
Type (Growth Capital) 3 of 6
State (Iowa) 1 of 1
Country (United States) 23 of 33
Year (2016) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-10 QualDerm Partners

Brentwood, Tennessee, United States

QualDerm Partners is a dermatology services organization providing management services and growth resources to progressive dermatology practices and skin care professionals throughout the southeastern US. QualDerm Partners is based in Brentwood, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-12 Wound Care Specialists

Metairie, Louisiana, United States

Wound Care Specialists is an operator of hospital-based outpatient wound care centers, delivers comprehensive management of hard to heal, chronic wounds in collaboration with treating physicians and local hospitals.

Sell -
Investor

Berkshire Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Berkshire Partners is a private equity firm focused on investing in businesses with strong management and that lead their respective markets. Berkshire will consider investments in both public and private companies. Prospective transactions for private companies include leveraged buyouts, recapitalizations, growth capital financings, and privatizations. Public company transactions include take-privates, PIPEs, and equity stakes. Berkshire generally looks to invest $150 to $500 million of equity capital per transaction in companies valued up to $2 billion. Sectors of interest include industrial manufacturing, consumer products, retailing, transportation, communications and business services. Berkshire Partners was formed in 1984 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 69 of 101
Sector (Food) 2 of 3
Type (Growth Capital) 12 of 23
State (Iowa) 1 of 3
Country (United States) 61 of 89
Year (2016) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-08 Tower Development

Boston, Massachusetts, United States

Tower Development Corp. is a tower development and acquisition vehicle wholly owned by Berkshire Partners. TDC actively pursues new tower builds and acquisitions in close partnership with Crown Castle.

Sell $461M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-13 Asurion

Nashville, Tennessee, United States

Asurion provides insurance tech support for smartphones, tablets, consumer electronics, appliances, satellite receivers and jewelry. Asurion was founded in 1994 and is based in Nashville, Tennessee.

Sell -
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