M&A Deal Summary

Kagome Acquires Prefered Brands International

On May 22, 2015, Kagome acquired food company Prefered Brands International from Loft Growth Partners

Acquisition Highlights
  • This is Kagome’s 1st transaction in the Food sector.
  • This is Kagome’s 1st transaction in the United States.
  • This is Kagome’s 1st transaction in Connecticut.

M&A Deal Summary

Date 2015-05-22
Target Prefered Brands International
Sector Food
Buyer(s) Kagome
Sellers(s) Loft Growth Partners
Deal Type Add-on Acquisition
Advisor(s) Barclays Investment Bank (Financial)
Horwood Marcus & Berk
Giannuzzi Lewendon (Legal)

Target

Prefered Brands International

Stamford, Connecticut, United States
Prefered Brands International, Inc. is a producer of Indian entrees, Asian noodles and rice products.

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Buyer(S) 1

Buyer

Kagome

Nagoya, Japan

Category Company
Founded 1899
Sector Food
Employees2,921
Revenue 306.9B JPY (2024)
DESCRIPTION

Kagome is involved in the manufacturing and sale of seasonings, preserved foods, beverages, and other foods; procurement, production, and sale of seeds, seedlings, and fruits and vegetables; development and sales of health support services. Kagome was founded in 1899 and is based in Aichi, Japan.


DEAL STATS #
Overall 1 of 1
Sector: Food M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Connecticut M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2015 M&A 1 of 1

Seller(S) 1

DESCRIPTION

Loft Growth Partners is a growth-oriented private investment group focused on US-based opportunities in the consumer sector. Specific sectors of interest include food, beverages, personal care, home care, pet care, and other branded consumer products. The Firm will consider both majority and minority positions and generally pursues companies with $2 to $100 million in revenue. Loft Growth Partners is based in Chicago, Illinois.


DEAL STATS #
Overall 3 of 5
Sector: Food M&A 2 of 4
Type: Add-on Acquisition M&A Deals 3 of 4
State: Connecticut M&A 1 of 1
Country: United States M&A 3 of 5
Year: 2015 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-10 Orabrush

Provo, Utah, United States

Orabrush, Inc. is a tongue cleaner brand. Orabrush brand, including the Orabrush Tongue Cleaner, Orabrush Tongue Foam and Orabrush LiquiGel.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-06 Blue Dog Bakery

Seattle, Washington, United States

Blue Dog Bakery is a provider of premium all-natural, low-fat dog treats sold through U.S. retail and specialty channels. Blue Dog Bakery was founded in 1998 and is based in Seattle, Washington.

Buy -