M&A Deal Summary

Mars Acquires Doane Pet Care

On June 13, 2006, Mars acquired consumer products company Doane Pet Care from Ontario Teachers Pension Plan

Acquisition Highlights
  • This is Mars’ 1st transaction in the Consumer Products sector.
  • This is Mars’ 2nd transaction in the United States.
  • This is Mars’ 1st transaction in Tennessee.

M&A Deal Summary
Date 2006-06-13
Target Doane Pet Care
Sector Consumer Products
Buyer(s) Mars
Sellers(s) Ontario Teachers Pension Plan
Deal Type Add-on Acquisition

Target

Doane Pet Care

Franklin, Tennessee, United States
Doane Pet Care Company is the largest manufacturer of dry pet food in the United States. The Company manufactures products for both retail customers, including WalMart, and national branded pet food companies. Doane also manufactures and sells its own regional branded products. The Company produces a full range of pet food for both dogs and cats including dry, canned, semi-moist, soft treats and dog biscuits.

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Buyer(S) 1

Buyer

Mars

McLean, Virginia, United States
Category Company
Founded 1911
Sector Food
Revenue 33.0B USD (2015)
DESCRIPTION

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 2 of 22
Sector (Consumer Products) 1 of 2
Type (Add-on Acquisition) 2 of 18
State (Tennessee) 1 of 2
Country (United States) 2 of 15
Year (2006) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-27 Mars Horsecare US

Dalton, Ohio, United States

Buckeye Nutrition is a manufacturer and marketer of branded feed for champion horses, dogs, cats, and other animals.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 Banfield Pet Hospital

Portland, Oregon, United States

Banfield Pet Hospital, Inc. is a nationwide network of more than 770 animal hospitals.

Buy -

Seller(S) 1

SELLER

Ontario Teachers Pension Plan

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

Category Pension
Founded 1990
PE ASSETS 242.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Teachers' Private Capital is the direct investment arm of the Ontario Teachers' Pension Plan. Teachers' Private Capital considers both private equity and venture related investments in North America, Europe, and Asia. Teachers' can support direct private equity investments between $100 million and $3 billion. Target sectors include business services, consumer products, retail, diversified industrials, financial services, technology, media, and communications. Teachers' Private Capital also makes private equity fund investments between $50 million and $750 million. Teachers' Private Capital was formed in 1991 and is based in Toronto, with additional offices in London and New York.

DEAL STATS #
Overall 3 of 72
Sector (Consumer Products) 2 of 7
Type (Add-on Acquisition) 3 of 29
State (Tennessee) 1 of 1
Country (United States) 3 of 38
Year (2006) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-07 Easton Bell Sports

Van Nuys, California, United States

Easton-Bell Sports, Inc. is a designer, developer and marketer of branded equipment and accessories that enhance athletic performance and protection. The Company markets and licenses products under Easton, Bell, Riddell, Giro and Blackburn brands. Easton Bell Sports was based in Van Nuys, California.

Sell $400M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-07 Worldspan

Atlanta, Georgia, United States

Worldspan is a global provider of mission-critical electronic global distribution and information technology services to the travel industry, operating the second largest distribution system for travel in the United States.

Sell $1.4B
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