Investment Summary

LFE Capital Invests In FoodChain ID

On April 17, 2008, private equity firm LFE Capital invested in test/measurement equipment company FoodChain ID

Investment Highlights
  • This is LFE Capital’s 1st transaction in the Test/Measurement Equipment sector.
  • This is LFE Capital’s 4th transaction in the United States.
  • This is LFE Capital’s 1st transaction in Iowa.
Investment Fate
  • FoodChain ID was sold to a consortium of financial buyers in 2013.
  • FoodChain ID was sold to a consortium of financial buyers in 2016.
  • FoodChain ID was recapitalized in 2020.

Investment Summary

Date 2008-04-17
Target FoodChain ID
Sector Test/Measurement Equipment
Investor(s) LFE Capital
Deal Type Venture

Target

FoodChain ID

Fairfield, Iowa, United States
FoodChain ID is a provider of analytic testing, third-party certification, and consulting services to the agriculture and food industries. The company’s products are used for the testing of food and agricultural products to detect genetically modified organisms (GMOs) and to ensure compliance with national and international government regulations, client and trading partner demands, and consumer information needs. FoodChain ID was founded in 1996 and is based in Fairfield, Iowa.

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Investor(S) 1

DESCRIPTION

LFE Capital is a private equity firm that provides junior and buyout capital to middle-market companies located in the upper Midwest US. Sectors of interest include consumer products and services, health related products and services, and business services. LFE prefers established or emerging businesses with at least $2 million of annual revenue and $1 million of cash-flow. LFE has a special interest in businesses that are owned or led by women and businesses that target female consumers. The Firm will consider both control and minority positions. LFE Capital was formed in 1999 and is based in Naples, Florida.


DEAL STATS #
Overall 4 of 7
Sector: Test/Measurement Equipment M&A 1 of 1
Type: Venture M&A Deals 2 of 4
State: Iowa M&A 1 of 1
Country: United States M&A 4 of 7
Year: 2008 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-12 Avant Healthcare Professionals

Winter Park, Florida, United States

Avant Healthcare Professionals LLC is a provider of foreign trained nurses and physical therapists on contract assignments with U.S. hospitals. Avant Healthcare Professionals LLC was established in 2003 and is based in Winter Park , Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-26 CobornsDelivers

New Hope, Minnesota, United States

CobornsDelivers LLC offers the premier online grocery shopping experience in the greater Twin Cities area.

Sell -