Buyout (LBO, MBO, MBI) • Food

HM Capital Partners and Kainos Capital Acquire Swift & Co.

On September 1, 2002, private equity firms HM Capital Partners and Kainos Capital acquired food company Swift & Co. for 225M USD

Acquisition Context
  • This is HM Capital Partners’ 1st and Kainos Capital’s 2nd transaction in the Food sector.
  • This is HM Capital Partners’ 2nd and Kainos Capital’s 3rd largest (disclosed) transaction.
  • This is HM Capital Partners’ 3rd and Kainos Capital’s 2nd transaction in the United States.
  • This is HM Capital Partners’ 1st and Kainos Capital’s 1st transaction in Colorado.
Investment Fate
  • Swift & Co. was sold to a publicly-traded strategic buyer in 2007 for 1.5B USD.

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M&A Deal Summary

Date September 1, 2002
Target Swift & Co.
Sector Food
Buyer(s) HM Capital Partners
Kainos Capital
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 225M USD

Target Company

Swift & Co.

Greeley, Colorado, United States
Swift & Company is a processor of fresh beef and pork in the U.S. and a beef processor in Australia. Swift processes, prepares, packages, markets, and delivers fresh, further processed and value-added beef and pork products to customers in the United States and international markets. Swift & Company was formed in 1855 and is based in Greeley, Colorado.
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Buyers Overview 2

Buyer

HM Capital Partners

Dallas, Texas, United States

Category Private Equity Firm
Founded 1989
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

HM Capital (formerly Hicks, Muse, Tate & Furst, Inc.) is a private equity firm that seeks investments in middle-market companies valued between $100 million and $1 billion. HM Capital's investments include acquisitions of large corporate divestitures, acquisitions or recapitalizations of privately owned or publicly traded businesses, and acquisitions of distressed businesses either through a restructuring or bankruptcy process. Sectors of interest include media, consumer products, energy, financial services, food/beverage, information services and niche manufacturing. HM Capital Partners was formed in 1989 and is based in Dallas, Texas.


Deal Context for Buyer #
Overall 3 of 18
Sector: Food 1 of 4
Type: Buyout (LBO, MBO, MBI) 3 of 14
State: Colorado 1 of 1
Country: United States 3 of 13
Year: 2002 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-08-01 SirsiDynix

Lehi, Utah, United States

SirsiDynix is a provider of integrated library systems (ILS) software, which is specialized enterprise resource planning software for libraries used to automate and optimize the entire operation of a library as well as enhance a library’s ability to serve its users and community. SirsiDynix was founded in 1979 and is based in Lehi, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 TexStar Midstream Services

San Antonio, Texas, United States

TexStar Midstream Services is a natural gas midstream company that provides a full range of services including gathering, treating, processing and compression. TexStar Midstream Services was founded in 2004 and is based in San Antonio, Texas.

Buy -
Buyer

Kainos Capital

Dallas, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
Size Middle-Market
Type Sector Focused
DESCRIPTION

Kainos Capital is a private equity firm focused on the food and consumer products sector. Kainos targets manufacturers and marketers of food products, as well as other consumer products in the household and personal care industries and over-the-counter health and nutritional products sectors. The Firm's target investment size is $50 to $150 million in a company with an EBITDA of $10 to $80 million. Kainos Capital is based in Dallas, Texas.


Deal Context for Buyer #
Overall 2 of 22
Sector: Food 2 of 12
Type: Buyout (LBO, MBO, MBI) 2 of 8
State: Colorado 1 of 1
Country: United States 2 of 21
Year: 2002 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-12 Ghirardelli Chocolate Co.

San Leandro, California, United States

Ghirardelli Chocolate Co. is a manufacturer and marketer of premium chocolate products. The Company's product line includes branded confections, gift and baking items, as well as industrial products for the confection, bakery, dairy and food service industries.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-08-12 Pinnacle Foods

Parsippany, New Jersey, United States

Pinnacle Foods, Inc. is a manufacturer and marketer of branded convenience food products in the United States and Canada. Its product range includes frozen dinners and entrees, frozen seafood, breakfasts, bagels, pickles, peppers and relish, baking mixes and frostings, and syrups and pancake mixes.

Sell -