M&A Deal Summary |
|
|---|---|
| Date | 2015-02-03 |
| Target | Big Heart Pet Brands |
| Sector | Food |
| Buyer(s) | J. M. Smucker |
| Sellers(s) |
TPG
KKR Vestar Capital Partners HarbourVest Partners Quilvest Capital Partners Centerview Capital |
| Deal Type | Add-on Acquisition |
| Deal Value | 5.8B USD |
| Advisor(s) | Centerview Partners Morgan Stanley (Financial) Simpson Thacher & Bartlett (Legal) |
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| Category | Company |
|---|---|
| Founded | 1897 |
| Sector | Food |
| Employees | 7,300 |
| Revenue | 8.5B USD (2023) |
J. M. Smucker is a marketer and manufacturer of fruit spreads, retail packaged coffee, peanut butter, shortening and oils, ice cream toppings, sweetened condensed milk, and natural foods products. J. M. Smucker was founded in 1897 and is based in Orrville, Ohio.
| DEAL STATS | # |
|---|---|
| Overall | 9 of 12 |
| Sector (Food) | 7 of 10 |
| Type (Add-on Acquisition) | 6 of 8 |
| State (California) | 2 of 3 |
| Country (United States) | 9 of 12 |
| Year (2015) | 1 of 2 |
| Size (of disclosed) | 1 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-08-06 |
Sahale
Seattle, Washington, United States Sahale is a manufacturer and marketer of premium, branded nut and fruit snack mixes, sold across the US and internationally under the Sahale Snacks brand. Sahale was formed in 2003 and is based in Seattle, Washington. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-02-06 |
Natural Balance
San Diego, California, United States Natural Balance is a premium pet food brand specializing in high-quality dog and cat food products sold exclusively through the pet specialty and eCommerce channels. Natural Balance has a 30+ year history in premium formulations and was a pioneer of limited ingredient diets. Natural Balance was founded in 1989 and is based in San Diego, California. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1992 |
| PE ASSETS | 137.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.
| DEAL STATS | # |
|---|---|
| Overall | 137 of 267 |
| Sector (Food) | 3 of 6 |
| Type (Add-on Acquisition) | 54 of 94 |
| State (California) | 37 of 63 |
| Country (United States) | 101 of 193 |
| Year (2015) | 2 of 15 |
| Size (of disclosed) | 9 of 71 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-02-02 |
Advent Software
San Francisco, California, United States Advent Software, Inc. is a software company that makes software designed to automate portfolio accounting for investment management firms, ranging from family offices and investment advisers to large institutional investors and hedge funds. Advent Software was formed in 1983 and is headquartered in San Francisco, California. |
Sell | $2.7B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-02-20 |
Bank Tabungan Pensiunan Nasional Tbk
Jakarta, Indonesia Bank Tabungan Pensiunan Nasional Tbk provides banking services in Indonesia. |
Sell | $465M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1976 |
| PE ASSETS | 510.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 66 of 204 |
| Sector (Food) | 3 of 8 |
| Type (Add-on Acquisition) | 22 of 66 |
| State (California) | 5 of 17 |
| Country (United States) | 33 of 89 |
| Year (2015) | 3 of 14 |
| Size (of disclosed) | 8 of 38 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-01-28 |
Fotolia
New York, United States Fotolia is a provider of micro-priced stock images on the Web. Fotolia provides professional and amateur photographers with the ability to connect with more than 800,000 media buyers worldwide – from small businesses and design firms to some of the world’s most recognizable brands. |
Sell | $800M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-03-11 |
Global Medical Response
Greenwood Village, Colorado, United States Global Medical Response is a provider of medical transportation services formed by bringing together Air Medical Group Holdings (AMGH) and American Medical Response (AMR). Global Medical Response was founded in 2004 and is based in Greenwood Village, Colorado. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1988 |
| PE ASSETS | 11.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Vestar Capital Partners is a private equity firm that targets management buyouts and growth capital investments across North America and Europe in the consumer, business services, and healthcare sectors. The Firm looks to invest $50 to $150 million in transactions valued up to $1 billion. Specific areas of interest include food, apparel, household goods, retail, consumer services, industrial services, information services, manufacturing, distribution, transportation, financial services, media/communications, digital health media, and medical technology. Vestar Capital Partners was formed in 1988 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 52 of 66 |
| Sector (Food) | 4 of 6 |
| Type (Add-on Acquisition) | 19 of 28 |
| State (California) | 3 of 4 |
| Country (United States) | 40 of 53 |
| Year (2015) | 1 of 3 |
| Size (of disclosed) | 2 of 21 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-10-14 |
Seves Group
Tour Egée, Italy Seves Group manufactures glass and composite insulators for high and medium power transmission and distribution systems, as well as glass blocks for architectural and interior design applications. Seves Group is based in Firenze, Italy. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-04-27 |
Woodstream
Lancaster, Pennsylvania, United States Woodstream is a manufacturer and marketer of a broad portfolio of branded pest control and lawn & garden products, under brands such as Victor, Terro, Perky-Pet, Havahart, Safer, Sweeney’s and Mosquito Magnet, among others. Woodstream was founded in 1832 and is based in Lancaster, Pennsylvania. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1978 |
| PE ASSETS | 86.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.
| DEAL STATS | # |
|---|---|
| Overall | 61 of 132 |
| Sector (Food) | 1 of 2 |
| Type (Add-on Acquisition) | 22 of 57 |
| State (California) | 6 of 9 |
| Country (United States) | 38 of 83 |
| Year (2015) | 3 of 14 |
| Size (of disclosed) | 6 of 39 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-01-27 |
Advance Health
Chantilly, Virginia, United States Advance Health is a healthcare provider of prospective health risk assessments (“HRAs”). Advance Health offers in-home and facility-based HRAs and chronic care management services for health plans. Advance Health was founded in 2010 and is based in Chantilly, Virginia. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-02-27 |
NOBA Bank Group
Stockholm, Sweden NOBA Bank Group is a nordic specialist bank focused on financial inclusion and responsible lending. The company offers mortgages, equity release, consumer loans, and savings products and currently serves some 200 000 customers. NOBA Bank Group was formed in 2003 and is based in Stockholm, Sweden. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1972 |
| PE ASSETS | 6.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Quilvest Capital Partners is the private equity investment arm of asset management firm Quilvest. Quilvest Capital Partners invests in private equity and debt funds as well as makes direct investments. The direct investment group looks for opportunities in the US, Europe, and 'opportunistically' in Asia with a preference for buyout, growth capital, and venture transactions. Quilvest Capital Partners will consider both minority and majority positions. Quilvest Capital Partners was established in 1972 and is based Paris.
| DEAL STATS | # |
|---|---|
| Overall | 37 of 68 |
| Sector (Food) | 1 of 4 |
| Type (Add-on Acquisition) | 13 of 27 |
| State (California) | 4 of 6 |
| Country (United States) | 17 of 34 |
| Year (2015) | 1 of 5 |
| Size (of disclosed) | 1 of 20 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-11-14 |
Ubiqus
Paris, France Ubiqus is an innovative leader, offering a full range of value-added services for meetings and trade shows: writing and transcription, translation, interpreting, voting systems, event software and badges. Ubiqus was founded in 1989 and is based in Paris, France. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-04-01 |
Tiway Oil
Dubai, United Arab Emirates Tiway Oil is an oil and gas producing company focused on major petroleum basins and frontier areas. Tiway Oil was founded in 2006 and is based in Dubai, UAE. |
Sell | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 2006 |
| Size | Large |
| Type | Sector Agnostic |
Centerview Capital Holdings is a private equity firm focused on investing in high-growth consumer and technology companies. The Firm's consumer group looks to commit $50 to $150 million through minority and majority investments in businesses operating in the food & beverage, household & consumer products, personal care/health & wellness, and consumer services sectors. The Firm's technology group looks to partner with management teams to accelerate growth. Centerview Capital is affiliated with investment bank Centerview Partners and is based in Menlo Park, California.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 7 |
| Sector (Food) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 2 |
| State (California) | 1 of 3 |
| Country (United States) | 2 of 7 |
| Year (2015) | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-12-17 |
Quantenna Communications
Fremont, California, United States Quantenna Communications, Inc. designs, develops, and markets advanced high-speed wireless communication solutions enabling wireless local area networking. The Company's solutions are designed to deliver Wi-Fi performance to support an increasing number of connected devices accessing a rapidly growing pool of digital content. Quantenna combines its Wi-Fi systems and software expertise with high-performance radio frequency, mixed-signal and digital semiconductor design skills to provide highly integrated solutions to its customers. Quantenna was formed in 2006 and is based in Fremont, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-10-28 |
Quantenna Communications
Fremont, California, United States Quantenna Communications, Inc. designs, develops, and markets advanced high-speed wireless communication solutions enabling wireless local area networking. The Company's solutions are designed to deliver Wi-Fi performance to support an increasing number of connected devices accessing a rapidly growing pool of digital content. Quantenna combines its Wi-Fi systems and software expertise with high-performance radio frequency, mixed-signal and digital semiconductor design skills to provide highly integrated solutions to its customers. Quantenna was formed in 2006 and is based in Fremont, California. |
Sell | - |
