M&A Deal Summary

Modjule Acquires Hickory Farms

On November 18, 2015, private equity firm Modjule acquired retailer Hickory Farms from Sun Capital Partners

Acquisition Highlights
  • This is Modjule’s 1st transaction in the Retail sector.
  • This is Modjule’s 1st transaction in the United States.
  • This is Modjule’s 1st transaction in Illinois.

M&A Deal Summary
Date 2015-11-18
Target Hickory Farms
Sector Retail
Buyer(s) Modjule
Sellers(s) Sun Capital Partners
Deal Type Secondary Buyout

Target

Hickory Farms

Chicago, Illinois, United States
Hickory Farms is a retailer, direct marketer and wholesaler of branded high-quality specialty food products and food gifts. Substantially all of these products, including specialty and smoked meats, cheeses and assorted complementary products, are sold under Hickory Farms-owned trademarks, each of which enjoys a market reputation for premium products, reasonable pricing, distinctive flavor and wholesomeness. Hickory Farms was founded in 1951 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

Modjule

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2013
Size Small
Type Sector Focused
DESCRIPTION

Modjule is a private investment firm focused on acquiring and investing in seed to late stage consumer products and services companies with strong unit economics, same store sales growth, and long-term sustainability. Modjule was formed in 2013 and is headquartered in Chicago.

DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1

Seller(S) 1

SELLER

Sun Capital Partners

Boca Raton, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 13.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Sun Capital's corporate headquarters in Boca Raton, Florida.
Sun Capital's corporate headquarters in Boca Raton, Florida.

Sun Capital Partners is a large private equity firm focused on leveraged buyouts, equity, debt, and other control investments in North America, Asia, and Europe. Sun looks for businesses that can benefit from the Firm's operating experience including underperformers, turnarounds, and special situations. Target companies typically have $50 million to $1 billion in revenue with strong market positions. Sectors of interest include paper and packaging, food and beverages, metals and mining, automotive after-market parts, consumer products, financial services, healthcare, media and communications, building products, telecommunications, technology, retailing and catalogs, restaurants, manufacturing and industrial. Sun Capital was formed in 1995 and is based in Boca Raton, Florida.

DEAL STATS #
Overall 71 of 127
Sector (Retail) 12 of 24
Type (Secondary Buyout) 16 of 32
State (Illinois) 2 of 4
Country (United States) 52 of 88
Year (2015) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-28 Flexitech

Saint-Andre-le-Puy, France

Flexitech is a global designer and supplier of high quality brake hose products for the automotive industry. Flexitech was founded in 1960 and is based in Saint-Andre-le-Puy, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-22 Polestar UK Print

Dunstable, United Kingdom

Polestar UK Print Ltd. is the printer in the UK, with the broadest portfolio of gravure, web offset and digital capabilities. The Company produces the majority of UK newspaper color supplements and 23 of the UK’s top 40 magazines, including well-known publications such as Hello, Cosmopolitan, Top Gear, Grazia, and Country Life.

Sell -
Mergr

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