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. 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 176 of 189
Sector: Distribution M&A 11 of 11
Type: Buyout (LBO, MBO, MBI) M&A Deals 58 of 62
State: California M&A 12 of 12
Country: United States M&A 77 of 82
Year: 2022 M&A 6 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-03 NourNet

Riyadh, Saudi Arabia

NourNet is an internet service provider to business-to-business (B2B) clients and has gradually expanded its technical and personnel capabilities to offer value-added ICT services, including cloud, managed IT services, security/cybersecurity, and data center management. NourNet was founded in 1998 and is based in Riyadh, Saudi Arabia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-09 Clove Dental

New Delhi, India

Clove Dental is a dental network of branded dental clinics operates 340 clinics across 24 cities in India, supported by 840 dentists. Clove Dental is based in New Delhi, India.

Buy -