Add-on Acquisition • Food

Nabisco Acquires Favorite Brands

On November 1, 1999, Nabisco acquired food company Favorite Brands from TPG

Acquisition Context
  • This is Nabisco’s 1st transaction in the Food sector.
  • This is Nabisco’s 2nd transaction in the United States.
  • This is Nabisco’s 1st transaction in Indiana.

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M&A Deal Summary

Date November 1, 1999
Target Favorite Brands
Sector Food
Buyer(s) Nabisco
Sellers(s) TPG
Deal Type Add-on Acquisition

Target Company

Favorite Brands

Kendallville, Indiana, United States
Favorite Brands International operated as a confections company in the U.S. It produced and sold marshmallow, fruit snack, and non-chocolate candy categories with a broad portfolio of products.
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Buyer Overview 1

Buyer

Nabisco

Parsippany, New Jersey, United States

Category Company
Sector Food
DESCRIPTION
Nabisco plant in Naperville, Illinois.
Nabisco plant in Naperville, Illinois.

Nabisco, Inc. and its subsidiaries manufactures and distributes cookies, crackers, and other food products in the United States and in certain foreign countries.


Deal Context for Buyer #
Overall 2 of 2
Sector: Food 1 of 1
Type: Add-on Acquisition 1 of 1
State: Indiana 1 of 1
Country: United States 2 of 2
Year: 1999 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1990-11-09 ESPN

Bristol, Connecticut, United States

ESPN, Inc. operates as a multimedia sports entertainment company around the world.

Sell -

Seller Profile 1

SELLER

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 296.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


Deal Context for Seller #
Overall 4 of 278
Sector: Food 1 of 7
Type: Add-on Acquisition 1 of 96
State: Indiana 1 of 3
Country: United States 3 of 200
Year: 1999 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-11-01 Epotec

Wilmington, Delaware, United States

Epotec is a provider of internet-based behavioral health services, product and information for employers, providers, health care organizations and employees. Other investors in Epotec included Texas Pacific Group and Sprout Group.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-11-28 DZS

Plano, Texas, United States

DZS designs and manufactures network equipment for telephone companies and cable operators worldwide to deliver a rich array of voice, data, video, and entertainment services. DZS was incorporated in 1996 and is based in Plano, Texas.

Buy $500M