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M&A Deal Summary

Investcorp Acquires Heritage Foods

On July 2, 2021, asset manager Investcorp acquired consumer products company Heritage Foods

Acquisition Highlights
  • This is Investcorp’s 12th transaction in the Consumer Products sector.
  • This is Investcorp’s 6th transaction in China.

M&A Deal Summary
Date 2021-07-02
Target Heritage Foods
Sector Consumer Products
Buyer(s) Investcorp
Deal Type Buyout (LBO, MBO, MBI)

Target

Heritage Foods

Hong Kong, China
Heritage Foods, a supplier of condiment and sauce brands operating in Asia, Heritage Foods was founded in 2015 and is based in Hong Kong, China.

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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 168 of 187
Sector: Consumer Products M&A 12 of 12
Type: Buyout (LBO, MBO, MBI) M&A Deals 53 of 61
Country: China M&A 6 of 6
Year: 2021 M&A 9 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-28 Magnit

Folsom, California, United States

Magnit is a provider of contingent workforce management solutions through a managed services program (“MSP”) and cloud-based vendor management software (“VMS”). Magnit was founded in 1991 and is based in Folsom, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-13 Hydrasun

Aberdeen, United Kingdom

Hydrasun is a provider of fluid connectors, hoses, fittings, instrumentation, process control products and associated services to the oil and gas industry. Hydrasun was founded in 1976 and is based in Aberdeen, United Kingdom.

Sell -
Mergr

Product

Company

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