M&A Deal Summary

House of Raeford Farms Acquires Filet of Chicken

On June 2, 2014, House of Raeford Farms acquired food company Filet of Chicken from Fifth Street Capital and Creo Capital Partners

Acquisition Highlights
  • This is House of Raeford Farms’ 1st transaction in the Food sector.
  • This is House of Raeford Farms’ 1st transaction in the United States.
  • This is House of Raeford Farms’ 1st transaction in Georgia.

M&A Deal Summary

Date 2014-06-02
Target Filet of Chicken
Sector Food
Buyer(s) House of Raeford Farms
Sellers(s) Fifth Street Capital
Creo Capital Partners
Deal Type Add-on Acquisition

Target

Filet of Chicken

Forest Park, Georgia, United States
Filet of Chicken provides processor of chicken products that provides sizing, marinating, breading, battering, individually quick freezing, and packaging services.

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Buyer(S) 1

Buyer

House of Raeford Farms

Rose Hill, North Carolina, United States

Category Company
Founded 1959
Sector Food
DESCRIPTION

House of Raeford Farms, Inc. is a operator of poultry company that breeds, produces, processes, and markets chicken products for foodservice, retail, and export markets.


DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Georgia) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1

Seller(S) 2

SELLER
DESCRIPTION

Fifth Street Capital is a public investment firm focused on providing mezzanine financing to support expansions, acquisitions, recapitalizations, and management buyouts of middle-market US based companies. Fifth Street looks to invest between $5 and $50 million per transaction. Sectors of interest include consumer products, healthcare services, manufacturing, medical device manufacturing, food services, business services, restaurants, speciality retail, logistics, and value added distribution. Fifth Street Capital is based in White Plains, New York.


DEAL STATS #
Overall 17 of 59
Sector (Food) 1 of 2
Type (Add-on Acquisition) 9 of 27
State (Georgia) 1 of 3
Country (United States) 16 of 58
Year (2014) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-20 Genoa Healthcare

Tukwila, Washington, United States

Genoa Healthcare LLC is a behavioral health specialty pharmacy company. Dedicated to serving the needs of those in the behavioral health and addiction treatment communities, and others who have complex, chronic health conditions, Genoa Healthcare is the largest provider of pharmacy, outpatient telepsychiatry and medication management services

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-04 Insight Pharmaceuticals

Langhorne, Pennsylvania, United States

Insight Pharmaceuticals Corp. is a consumer products company provides consumer OTC products.

Sell $750M
SELLER

Creo Capital Partners

Denver, Colorado, United States

Investor Investor


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

Creo Capital Partners is a private investment firm that targets control investments in middle-market companies with revenues between $25 and $200 million and enterprise values between $20 and $150 million. Creo is a generalist investor and will consider opportunities in many different sectors, however, the Firm has a particular interest in food and consumer products businesses. In addition to providing growth capital, Creo also targets distressed or special situations. Creo was formed in 2005 and is based in Denver, Colorado.


DEAL STATS #
Overall 2 of 3
Sector (Food) 2 of 3
Type (Add-on Acquisition) 2 of 2
State (Georgia) 1 of 1
Country (United States) 2 of 3
Year (2014) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-18 Good Harbor Fillet

Gloucester, Massachusetts, United States

Good Harbor Fillet Co. LLC engages in the production and distribution of frozen seafood products in the United States.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-01 Excelline Food Products

Chatsworth, California, United States

Excelline is a manufacturer and distributor of high-value, prepared, ethnic foods. The company's products are handmade, flash frozen, and packaged in retail cartons under Excelline's brand and, in the case of private label, as per customer specifications. Key customers include major retailers in the club, mass and specialty grocery channels. Excelline is based in Chatsworth, CA.

Sell -