Investment Summary

Lake Pacific Partners, Frontenac and Harvey & Company Exits Wenner Bakery

On January 1, 2013, Europastry invested in food company Wenner Bakery from Lake Pacific Partners, Frontenac and Harvey & Company

Investment Highlights
  • This is Europastry’s 1st transaction in the Food sector.
  • This is Europastry’s 1st transaction in the United States.
  • This is Europastry’s 1st transaction in New York.

Investment Summary

Date 2013-01-01
Target Wenner Bakery
Sector Food
Investor(s) Europastry
Sellers(s) Lake Pacific Partners
Frontenac
Harvey & Company
Deal Type Add-on Acquisition

Target

Wenner Bakery

Ronkonkoma, New York, United States
Wenner Bread Products, Inc. is a producer of bread and rolls sold to in-store bakery and foodservice customers. Wenner Bakery was founded in 1956 and is based in Ronkonkoma, New York.

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Investor(S) 1

Investor

Europastry

Barcelona, Spain

Category Company
Founded 1987
Sector Food
Employees2,500
Revenue 389M EUR (2012)
DESCRIPTION

Europastry aims to transform the baking industry, providing agile solutions to satisfy the requirements of professionals and end customers through the use of new refrigeration technologies. Frozen dough offers an optimum, non-perishable product, achieving high quality at the best price with maximum simplicity of use. This simplifies the organisation of production processes and allows professionals to concentrate on sales. Europastry was founded in 1987 and is based in Barcelona, Spain.


DEAL STATS #
Overall 1 of 1
Sector: Food M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2013 M&A 1 of 1

Seller(S) 3

SELLER

Lake Pacific Partners

Chicago, Illinois, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 150M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Lake Pacific Partners is a private equity firm that targets investments in businesses operating in the food, consumer products, consumer services, and distribution sectors. The firm pursues North American public or private companies with revenues between $20 and $500 million. Lake Pacific will consider investing equity and/or junior capital. Investment funds are typically used to support buyouts, recapitalizations, turnarounds, and growth capital needs. Lake Pacific will not invest in start-ups or early stage companies. Lake Pacific was formed in 2000 and is based in Chicago, Illinois.


DEAL STATS #
Overall 6 of 10
Sector: Food M&A 5 of 8
Type: Add-on Acquisition M&A Deals 1 of 2
State: New York M&A 1 of 1
Country: United States M&A 5 of 8
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-14 Wenner Bakery

Ronkonkoma, New York, United States

Wenner Bread Products, Inc. is a producer of bread and rolls sold to in-store bakery and foodservice customers. Wenner Bakery was founded in 1956 and is based in Ronkonkoma, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-10 Mercer Foods

Modesto, California, United States

Mercer Foods is a provider of freeze-dried fruit and vegetable ingredients. Mercer Foods offers a complete solution for freeze-dried food needs, including an extensive product portfolio and complete customization capabilities. Mercer Foods was founded in 1980 and is based in Modesto, California.

Sell -
SELLER

Frontenac

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1971
PE ASSETS 2.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Frontenac is a Midwest US-based private equity firm that seek profitable, lower middle-market company investments with $5 to $25 million of EBITDA. Frontenac typically partners with management when pursuing acquisitions, including companies managed by owner-operators. Sectors of interest include financial services, healthcare services, education/HR services, manufacturing, publishing/media, and technology services. Frontenac was formed in 1971 and is based in Chicago, Illinois.


DEAL STATS #
Overall 37 of 60
Sector: Food M&A 2 of 6
Type: Add-on Acquisition M&A Deals 11 of 22
State: New York M&A 2 of 2
Country: United States M&A 35 of 58
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-31 Aspire Media

Loveland, Colorado, United States

Aspire Media LLC offers newsstand publications, craft books, and craft television series on public television.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-16 Portfolio

Lake Forest, California, United States

Portfolio is an independent provider of finance and insurance products and services to automotive dealers across the country. Portfolio develops, sells, and administers auto dealer extended warranty programs across a full-service product offering, including vehicle service contracts, GAP insurance, and ancillary products. Portfolio was founded in 1990 and is based in Lake Forest, California.

Buy -
DESCRIPTION

Harvey & Company is a principal investment and advisory group. The Firm works with companies and private equity firms on acquisition searches as well as makes investments of its own. Harvey & Company was established in 1998 and is headquartered in Newport Beach, California.


DEAL STATS #
Overall 12 of 37
Sector: Food M&A 1 of 2
Type: Add-on Acquisition M&A Deals 5 of 19
State: New York M&A 1 of 3
Country: United States M&A 12 of 36
Year: 2013 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-01 Abutec

Kennesaw, Georgia, United States

Abutec LLC is a manufacturer of emission control products serving various industry segments including oil & gas, landfill and wastewater treatment. Abutec was founded in 2012 and is based in Kennesaw, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-14 Q Management Services

Rochester, New York, United States

Q Management Services LLC is a provider of practice management services to Q Dental Group, P.C. Q Dental focuses on providing quality, affordable family dental care to several dental offices in the Rochester, New York area. The company was incorporated in 2012 and is based in Rochester, New York.

Buy -