M&A Deal Summary

Olam Acquires Olde Thompson

On April 28, 2021, Olam acquired food company Olde Thompson from Kainos Capital for 950M USD

Acquisition Highlights
  • This is Olam’s 12th transaction in the Food sector.
  • This is Olam’s 2nd largest (disclosed) transaction.
  • This is Olam’s 7th transaction in the United States.
  • This is Olam’s 2nd transaction in California.

M&A Deal Summary
Date 2021-04-28
Target Olde Thompson
Sector Food
Buyer(s) Olam
Sellers(s) Kainos Capital
Deal Type Add-on Acquisition
Deal Value 950M USD
Advisor(s) CG Sawaya Partners
Lazard Ltd. (Financial)
Weil Gotshal & Manges (Legal)

Target

Olde Thompson

Oxnard, California, United States
Olde Thompson is a manufacturer and global supplier of private label and branded spices and spice-related housewares. Olde Thompson is headquartered in Oxnard, California.

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Buyer(S) 1

Buyer

Olam

Singapore, Singapore
Category Company
Founded 1989
Sector Agriculture
Employees39,192
Revenue 35.8B SGD (2020)
DESCRIPTION

Olam is a Singapore listed global and integrated supply chain manager that sources, processes, distributes, and markets select agricultural commodities in around 60 countries across Europe, North and South America, Asia and Africa. It is the world’s largest player in cashew, sheanut and Robusta coffee markets and a significant global supplier of cocoa, cotton, rice, sugar, timber and sesame. Olam participates along the entire supply chain starting from the farm gate in the origin countries to the factory gates in destination countries. Olam was founded in 1989 and is based in Singapore.

DEAL STATS #
Overall 12 of 12
Sector (Food) 12 of 12
Type (Add-on Acquisition) 9 of 9
State (California) 2 of 2
Country (United States) 7 of 7
Year (2021) 1 of 1
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-24 Schluter

Liverpool, United Kingdom

Schluter Ltd. is an independent coffee company, that produces, markets and supplies arabica coffees. Schluter Ltd. was established in 1858 and is headquartered in Liverpool, England.

Buy $8M

Seller(S) 1

SELLER

Kainos Capital

Dallas, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2011
Size Middle-Market
Type Sector Focused
DESCRIPTION

Kainos Capital is a private equity firm focused on the food and consumer products sector. Kainos targets manufacturers and marketers of food products, as well as other consumer products in the household and personal care industries and over-the-counter health and nutritional products sectors. The Firm's target investment size is $50 to $150 million in a company with an EBITDA of $10 to $80 million. Kainos Capital is based in Dallas, Texas.

DEAL STATS #
Overall 15 of 19
Sector (Food) 10 of 12
Type (Add-on Acquisition) 8 of 9
State (California) 4 of 4
Country (United States) 14 of 18
Year (2021) 2 of 4
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-06 Ferraro Foods

Piscataway, New Jersey, United States

Ferraro Foods is a foodservice distributor in the Eastern U.S., delivering food products, value, and reliable service primarily to the Italian restaurant and pizzeria segment. Ferraro Foods is based in Piscataway, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-26 JJ s Bakery

Erie, Pennsylvania, United States

JJ's Bakery is a manufacturer of handheld snack pies. JTM sells its JJ’s Bakery branded snack pies and private-label snack pies to grocery, convenience, value, dollar, and mass retailers. JJ's Bakery was founded in 1986 and is based in Erie, Pennsylvania.

Sell -
Mergr

Product

Company

Legal