M&A Deal Summary

Nestlé Purina PetCare Acquires Merrick Pet Care

On July 22, 2015, Nestlé Purina PetCare acquired food company Merrick Pet Care from Swander Pace Capital and Monitor Clipper Partners

Acquisition Highlights
  • This is Nestlé Purina PetCare’s 2nd transaction in the Food sector.
  • This is Nestlé Purina PetCare’s 3rd transaction in the United States.
  • This is Nestlé Purina PetCare’s 1st transaction in Texas.

M&A Deal Summary
Date 2015-07-22
Target Merrick Pet Care
Sector Food
Buyer(s) Nestlé Purina PetCare
Sellers(s) Swander Pace Capital
Monitor Clipper Partners
Deal Type Add-on Acquisition

Target

Merrick Pet Care

Amarillo, Texas, United States
Merrick Pet Care, Inc. is a fully integrated manufacturer and marketer of super premium dry and wet pet foods and treats, under the Merrick and Castor & Pollux brands.

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Buyer(S) 1

Buyer

Nestlé Purina PetCare

St. Louis, Missouri, United States
Category Company
Sector Food
Revenue 11.2B USD (2013)
DESCRIPTION
Nestlé Purina's corporate headquarters in St. Louis, Missouri.
Nestlé Purina's corporate headquarters in St. Louis, Missouri.

Nestlé Purina Petcare is a producer of pet food, treats and litter. Brands include Purina Pro Plan, Purina Dog Chow, Friskies, Beneful and Purina ONE.

DEAL STATS #
Overall 3 of 6
Sector (Food) 2 of 4
Type (Add-on Acquisition) 2 of 5
State (Texas) 1 of 1
Country (United States) 3 of 4
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-15 Zuke s Treats

Durango, Colorado, United States

Zuke's Treats is a marketer of premium, all-natural dog and cat treats that are made in the USA and sold primarily through the independent pet store channel.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-08 IVC Evidensia

Bristol , United Kingdom

IVC Evidensia is a diversified vet services platform, an extensive network of clinics/hospitals, and comprehensive pet e-commerce and telemedicine offerings. IVC Evidensia was founded in 2011 and is based in Bristol, United Kingdom.

Buy -

Seller(S) 2

SELLER

Swander Pace Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 1.8B USD
Size Large
Type Sector Focused
DESCRIPTION

Swander Pace Capital (SPC) is a private equity firm focused on investing in North American middle-market consumer products companies. SPC looks for companies exhibiting strong growth potential and sales of up to $500 million. Specific areas of interest include food/beverage, household products, health living, packaging, personal care, pet products, sporting goods, specialty apparel, and specialty distribution. Prospective investment situations include management-led buyouts, consolidations, divestitures, turnarounds, recapitalizations, and growth capital financings. SPC was formed in 1996 and has offices in San Francisco, California; Bedminster, New Jersey; and Ontario, Canada.

DEAL STATS #
Overall 27 of 42
Sector (Food) 15 of 22
Type (Add-on Acquisition) 15 of 25
State (Texas) 1 of 1
Country (United States) 25 of 35
Year (2015) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-13 Applegate Farms

Bridgewater, New Jersey, United States

Applegate Farms LLC is a provider of high-quality natural and organic hot dogs, bacon, sausages, deli meats, cheese and frozen products.

Sell $775M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-16 Incase Designs

Chino, California, United States

Incase Designs Corp. is a designer and manufacturer of bags and accessories centered on the lifestyles of individuals who create on the Apple device platform.

Sell -
SELLER

Monitor Clipper Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Monitor Clipper Partners (MCP) is a private equity group formed by consulting firm The Monitor Group and private equity firm The Clipper Group. MCP targets private equity investments in middle-market companies in North America and Western Europe and looks to commit $10 to $70 million of equity per transaction. MCP does not focus on any particular sector but current portfolio companies suggest an interest in business services, natural/organic foods, specialty retail, health care services, gaming, logistics, mortgage technology, marketing services, financial services and metals. The Firm will consider both control and minority positions. Monitor Clipper Partners was formed in 1998 and is based in Cambridge, Massachusetts with additional offices in Zurich, Switzerland, Toronto, Canada, Luxembourg and London, United Kingdom.

DEAL STATS #
Overall 27 of 35
Sector (Food) 1 of 1
Type (Add-on Acquisition) 12 of 15
State (Texas) 2 of 2
Country (United States) 23 of 28
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-04 Paradigm Tax Group

Phoenix, Arizona, United States

Paradigm Tax Group is an independent national provider of comprehensive property tax management services. PTG provides taxpayers with a full suite of services, including real and personal property tax appeals, pre-acquisition planning due diligence, complex property consulting, and business personal property tax compliance. Paradigm Tax Group was founded in 2004 and is based in Phoenix, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-24 The Access Group

Berkeley Heights, New Jersey, United States

The Access Group is a provider of marketing and advertising services to pharmaceutical, biotechnology and other health care clients. The Access Group offers pharmaceutical companies specialized expertise and capabilities that define and communicate drug therapies' value proposition to payers; educate the medical community on new drugs; and create and execute strategies that brand and market their products.

Sell -
Mergr

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