M&A Deal Summary

High Road Acquires Ciao Bella

On September 11, 2018, High Road acquired food company Ciao Bella from Encore Consumer Capital and Sherbrooke Capital Partners

Acquisition Highlights
  • This is High Road’s 1st transaction in the Food sector.
  • This is High Road’s 1st transaction in the United States.
  • This is High Road’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2018-09-11
Target Ciao Bella
Sector Food
Buyer(s) High Road
Sellers(s) Encore Consumer Capital
Sherbrooke Capital Partners
Deal Type Add-on Acquisition

Target

Ciao Bella

Florham Park, New Jersey, United States
Ciao Bella is a manufacturer, retailer, and marketer of gelato, sorbet, and other frozen desserts sold through the retail grocery, food service and direct-to-consumer channels. Ciao Bella was founded in 1983 and is based in Florham Park, New Jersey.

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Buyer(S) 1

Buyer

High Road

Marietta, Georgia, United States

Category Company
Founded 2010
Sector Food
DESCRIPTION

High Road is an ice cream manufacturer. High Road was founded in 2010 and is based in Marietta, Georgia.


DEAL STATS #
Overall 1 of 1
Sector: Food M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: New Jersey M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1

Seller(S) 2

SELLER

Encore Consumer Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 600M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Encore Consumer Capital is a specialist private equity firm focused on the food and consumer products industries. Specific areas of interest include food and beverage, health and beauty care, pet, automotive aftermarket, infant and children's products, and leisure products. Encore prefers companies in revenues of $10 - $100 million. It looks to invest $5 - $40 million. Encore generally invests in control situations but will consider select minority investments. Encore will not invest in restaurant-only or retail-only companies. Encore operates in partnership with Encore Associates, a strategic advisory firm. Encore Consumer Capital was formed in 2005 and is based in San Francisco.


DEAL STATS #
Overall 15 of 23
Sector: Food M&A 5 of 10
Type: Add-on Acquisition M&A Deals 13 of 19
State: New Jersey M&A 1 of 1
Country: United States M&A 14 of 22
Year: 2018 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-12 butter LONDON

Seattle, Washington, United States

butter LONDON is accessible, attainable luxury with a seriously playful personality infused with eccentric Brit wit. The brand’s color makeup products are formulated without Parabens, Mineral Oil, Petrolatum, Sodium Lauryl Sulfate, Phthalates, BHA, and Triclosan. Its nail category is 8-Free and formulated without Formaldehyde, Formaldehyde Resin, DBP, Toluene, Camphor, Ethyl, Tosylamide, Xylene, TPHP. butter LONDON was formed in 2005 and is based in Seattle, Washington.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-02 Van Law Food Products

Fullerton, California, United States

Van Law Food Products, Inc. is a producer of food products and manufacturer of liquid food products including salad dressings, sauces, marinades, syrups, beverage bases, and flavorings.

Sell -
DESCRIPTION

Sherbrooke Capital Partners is a private equity firm focused on growth oriented investments in consumer companies. The Firm looks to invest up to $10 million in companies generating $5 to $25 million in revenue. Specific areas of interest include food, beverages, nutrition/wellness, personal care, household products, animal care, green living, education, and e-commerce. Sherbrooke Capital Partners was formed in 1999 and is based in Wellesley, Massachusetts.


DEAL STATS #
Overall 10 of 10
Sector: Food M&A 5 of 5
Type: Add-on Acquisition M&A Deals 8 of 8
State: New Jersey M&A 1 of 1
Country: United States M&A 10 of 10
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-29 Affinnova

Waltham, Massachusetts, United States

Affinnova is a technology platform of choice for companies seeking to dramatically improve their innovation and marketing success rates.

Sell -