M&A Deal Summary |
|
|---|---|
| Date | 2023-07-05 |
| Target | Kevin’s Natural Foods |
| Sector | Food |
| Buyer(s) | Mars |
| Sellers(s) |
TowerBrook Capital Partners
NewRoad Capital Partners |
| Deal Type | Add-on Acquisition |
| Advisor(s) | Wells Fargo Securities (Financial) Sheppard Mullin (Legal) |
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Mars is a global manufacturer of confectionery, pet food, and other food products and a provider of animal care services. Mars was established in 1911 and is headquartered in McLean, Virginia.
| DEAL STATS | # |
|---|---|
| Overall | 18 of 22 |
| Sector (Food) | 10 of 11 |
| Type (Add-on Acquisition) | 17 of 18 |
| State (California) | 3 of 3 |
| Country (United States) | 14 of 15 |
| Year (2023) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-04-03 |
Heska
Loveland, Colorado, United States Heska sells, manufactures, markets, and supports diagnostic and specialty products and solutions for veterinary practitioners. The company's portfolio includes point-of-care diagnostic laboratory instruments and consumables including rapid assay diagnostic products and digital cytology services; local and cloud-based data services; practice information management software (“PIMS”) and related software and support; reference laboratory testing; allergy testing and immunotherapy; heartworm preventive products; and vaccines. Heska’s primary focus is supporting companion animal veterinarians in providing care to their patients. Its business is composed of two operating and reportable segments: North America and International. North America consists of the United States, Canada, and Mexico. International consists of geographies outside of North America, primarily in Germany, Italy, Spain, France, Switzerland, Australia and Malaysia. Heska’s strategic focus on point-of-care diagnostic laboratory products is included in both segments. The North America segment also includes the contract manufacturing of vaccines and pharmaceutical products and a small veterinary laboratory, and the international segment includes PIMS business and veterinary laboratories. Heska was founded in 1988 and is based in Loveland, Colorado. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-08-14 |
SYNLAB.vet
Augsburg, Germany SYNLAB.vet is a provider of specialist veterinary laboratory diagnostics. The company supports the work of veterinarians, zoos, breeding farms, universities, research institutes, and veterinary clinics with our scientific expertise, a comprehensive portfolio of diagnostic services, and the passion of its specialists. SYNLAB.vet is based in Augsburg, Germany. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2001 |
| PE ASSETS | 17.4B USD |
| Size | Mega |
| Type | Sector Agnostic |
TowerBrook Capital Partners is a private equity firm focused on leveraged buyouts, leveraged build-ups and distressed situation investments throughout North America and Europe. TowerBrook prefers control-oriented investments and actively pursues complex situations that other firms may avoid. Target sectors include consumer services, distribution, beverages, pharmaceuticals, media, technology, communications, software, and healthcare. TowerBrook Capital Partners was established in 2001 and is headquartered in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 44 of 46 |
| Sector (Food) | 2 of 2 |
| Type (Add-on Acquisition) | 21 of 21 |
| State (California) | 5 of 5 |
| Country (United States) | 24 of 24 |
| Year (2023) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-06-13 |
Independents
Paris, France Independents is a global marketing and communications group for industry leaders across luxury and lifestyle. The agency collective offers streamlined strategy, creative, talent, influencer marketing, experiences and communications services for leading brands in luxury, fashion, design, lifestyle, hospitality, and the arts. Independents was founded in 2017 and is based in Paris, France. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-10-26 |
Langan
Parsippany, New Jersey, United States Langan provides an integrated mix of engineering and environmental consulting services in support of land development projects, corporate real estate portfolios, and the oil and gas industry. Its clients include developers, property owners, public agencies, corporations, institutions, and energy companies around the world. Langan was formed in 1970 and is based in Parsippany, New Jersey. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2012 |
| PE ASSETS | 375M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
NewRoad Capital Partners is a private equity firm focused on buyouts and growth capital investments in Founder-led/owned companies looking for a value-add partner. The Firm looks to commit $5 to $15 million of capital for growth equity needs and $15 to $25 million for outright acquisitions. Sectors of interest include supply chain/logistics, retail technology, consumer packaged goods, and marketing technology. NewRoad Capital Partners was established in 2012 and is headquartered in Rogers, Arkansas.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Food) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 1 |
| State (California) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2023) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-10-11 |
Insite AI
Bee Cave, Texas, United States Insite AI is a software provider helping CPG companies to optimize and automate key category management decisions by leveraging proprietary AI/ML technology. Insite AI was founded in 2019 and is based in Bee Cave, Texas. |
Buy | - |
