M&A Deal Summary

Investcorp Acquires Fortune Fish & Gourmet

On February 12, 2020, asset manager Investcorp acquired distribution company Fortune Fish & Gourmet

Acquisition Highlights
  • This is Investcorp’s 9th transaction in the Distribution sector.
  • This is Investcorp’s 71st transaction in the United States.
  • This is Investcorp’s 6th transaction in Illinois.

M&A Deal Summary

Date 2020-02-12
Target Fortune Fish & Gourmet
Sector Distribution
Buyer(s) Investcorp
Deal Type Recapitalization
Advisor(s) Houlihan Lokey (Financial)

Target

Fortune Fish & Gourmet

Bensenville, Illinois, United States
Fortune Fish & Gourmet is a fresh and frozen seafood and specialty food distributor servicing fine restaurants, hotels, country clubs and grocers. Fortune operates a art facility in close proximity to Chicago’s O’Hare International Airport, which enables timely delivery of products across key Midwestern MSAs. Fortune Fish & Gourmet is founded in 2001 and is based in Bensenville, Illinois.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Investcorp

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1982
PE ASSETS 53.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Investcorp is a global investment group focused on a variety of investment disciplines. Practice areas include private equity in North America and Western Europe, hedge funds, US real estate, technology investments, and Middle Eastern private equity. Within North America/Europe private equity, Investcorp targets market leaders with proven track records. It looks to invest $15 to $50 million in companies with revenues of $10 to $250 million. Investcorp's technology group sponsors growth-oriented control investments in the tech sector. Investcorp's Middle East practice focuses on buyout/build opportunities in North Africa and the Gulf Region. Target sectors include services, infrastructure, manufacturing, and energy. Investcorp was formed in 1982 and is based in Manama, Bahrain.


DEAL STATS #
Overall 151 of 189
Sector: Distribution M&A 9 of 11
Type: Recapitalization M&A Deals 2 of 2
State: Illinois M&A 6 of 8
Country: United States M&A 71 of 82
Year: 2020 M&A 2 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 City Super

Hong Kong, China

City Super is a food retailing chains in Hong Kong and Shanghai, known for offering the highest quality and widest assortment of gourmet food products to its customers from around the world. City Super Group also operates the LOG-ON stores, which offer a unique collection of lifestyle products. City Super was founded in 1996 and is based in Hong Kong, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-09 Avira Operations & Co. KG

Tettnang, Germany

Avira Operations GmbH & Co. KG is a cybersecurity software solutions firm serving the OEM (Original Equipment Manufacturer) and Consumer end markets, with over 500 million endpoints protected globally. the Company has developed particular strengths in Anti-Malware, Threat Intelligence, and IoT solutions. Its software provides next-generation security for users’ online identity, finances, and private data, protecting against viruses, malware, ransomware, and other threats. Avira Operations is based in Tettnang, Germany.

Buy $180M