M&A Deal Summary

Highlander Partners Acquires Del Monte Pacific

On May 1, 2020, private equity firm Highlander Partners acquired food company Del Monte Pacific from First Pacific

Acquisition Highlights
  • This is Highlander Partners’ 10th transaction in the Food sector.
  • This is Highlander Partners’ 2nd transaction in the United Kingdom.
Investment Fate
  • Del Monte Pacific went public in 2021.

M&A Deal Summary

Date 2020-05-01
Target Del Monte Pacific
Sector Food
Buyer(s) Highlander Partners
Sellers(s) First Pacific
Deal Type Divestiture

Target

Del Monte Pacific

British Virgin Islands, United Kingdom
Del Monte Pacific engages in processing, manufacturing, and packing pineapple and tomato products. Del Monte Pacific was founded in 1886 and is based in British Virgin Islands, United Kingdom.

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Buyer(S) 1

Buyer

Highlander Partners

Dallas, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Highlander Partners LP is a private equity firm focuses on making both direct private equity and mezzanine investments in companies located in US and Europe. The firm seeks to target to invest in small and mid-size private companies with strong management teams, fundamentally strong operations and positive cash flows. HP looks to invest $10 to $50 million as an equity and $10 to $25 million in mezzanine financing in companies with revenues of $10 to $500 million and enterprise value up to $100 million. Specific areas of interest include manufacturing, food, healthcare products and services, and healthcare IT, retail and building materials. Types of transaction include buyouts, growth capital, divestitures, consolidation and recapitalization. Highlander Partners LP was formed in 2004 and is based in Dallas, Texas with additional office in Warszawa, Poland.


DEAL STATS #
Overall 40 of 49
Sector: Food M&A 10 of 11
Type: Divestiture M&A Deals 2 of 2
Country: United Kingdom M&A 2 of 2
Year: 2020 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-19 SanoVita

Ramnicu Valcea, Romania

SanoVita provides snacks, cereals, rice cakes, tofu, mueslis, and nut and seed mixes. SanoVita was founded in 1995 and is based in Râmnicu Valcea, Romania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-05 Kernel Season s

Elk Grove Village, Illinois, United States

Kernel’s product portfolio includes more than a dozen popcorn flavors, ranging from simple butter and white cheddar to garlic parmesan and cheesy caramel corn, as well as popcorn oils and drizzles. The Company’s products are sold in more than 22,000 retailers, including mass merchants, grocery and specialty stores, throughout North America and internationally. The products also can be found in movie theaters in more than 30 countries worldwide, accounting for over 32,000 screens. Kernel Season's was formed in 1999 and is based in Elk Grove Village, Illinois.

Sell -

Seller(S) 1

SELLER

First Pacific

Hong Kong, China

Category Company
Founded 1981
Sector Business Services
Employees107,612
Revenue 10.1B USD (2024)
DESCRIPTION

First Pacific is an investment management and holding company with operations located in Asia. Our principal business interests relate to Telecommunications, Infrastructure, Consumer Food products and Natural Resources. First Pacific was founded in 1981 and is based in Hong Kong, China.


DEAL STATS #
Overall 1 of 1
Sector: Food M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-28 Goodman Fielder

Macquarie Park, Australia

Goodman Fielder is a food company with a portfolio of well-known consumer brands in some of the region’s largest grocery categories, including MeadowLea, Praise, White Wings, Pampas, Helga’s, Wonder White, Vogel’s (under license), Meadow Fresh, Edmonds, and Irvines. The company produces and markets bread, milk, margarine, flour, dressings, condiments, mayonnaise, frozen pastry, cake mix, desserts, sauces, vinegar, and cooking oils. Goodman Fielder was formed in 1909 and is based in Macquarie Park, Australia.

Buy $1.3B