M&A Deal Summary

Investcorp Acquires Sunrise Produce

On October 4, 2022, asset manager Investcorp acquired distribution company Sunrise Produce

Acquisition Highlights
  • This is Investcorp’s 11th transaction in the Distribution sector.
  • This is Investcorp’s 77th transaction in the United States.
  • This is Investcorp’s 12th transaction in California.

M&A Deal Summary
Date 2022-10-04
Target Sunrise Produce
Sector Distribution
Buyer(s) Investcorp
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Brown Gibbons Lang (BGL) (Financial)

Target

Sunrise Produce

Fullerton, California, United States
Sunrise Produce is a wholesale produce distribution company in Southern California, providing customers across the specialty and white tablecloth restaurant and resort, education, healthcare, and retail sectors with the freshest produce and perishable foods available. For more than three decades, the company has fostered lasting relationships with the most reputable growers in the industry, ranging from wholesale commodity growers, organic growers, and local family farmers supporting local sustainable growth. Through deep industry knowledge, a passionate work ethic, and a customized approach, it delivers a diversified product offering with the strongest levels of quality, service, and value to its customers. Sunrise Produce is based in Fullerton, California.

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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 169 of 176
Sector (Distribution) 11 of 11
Type (Buyout (LBO, MBO, MBI)) 52 of 54
State (California) 12 of 12
Country (United States) 77 of 81
Year (2022) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-18 UTA

Beverly Hills, California, United States

UTA is a global talent and entertainment company. UTA represents many of the most acclaimed figures across film, television, news, music, sports, theater, fine art, literature, video games, podcasts and other social and digital content. UTA was founded in 1991 and is based in Beverly Hills, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-02 Marble Point Credit Management

Greenwich, Connecticut, United States

Marble Point Credit Management is a specialist asset manager focused exclusively on loans. Marble Point Credit Management is based in Greenwich, Connecticut.

Buy -
Mergr

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