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M&A Deal Summary

Otsuka Acquires Daiya Foods

On July 27, 2017, Otsuka acquired food company Daiya Foods from Stockton Road Capital and Northwood Ventures for 405M CAD

Acquisition Highlights
  • This is Otsuka’s 2nd transaction in the Food sector.
  • This is Otsuka’s 4th largest (disclosed) transaction.
  • This is Otsuka’s 1st transaction in Canada.
  • This is Otsuka’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2017-07-27
Target Daiya Foods
Sector Food
Buyer(s) Otsuka
Sellers(s) Stockton Road Capital
Northwood Ventures
Deal Type Add-on Acquisition
Deal Value 405M CAD

Target

Daiya Foods

Vancouver, British Columbia, Canada
Daiya Foods, Inc. is an allergen-free food company. Daiya products are always free of dairy, gluten, and soy and use only naturally-occurring ingredients with food first, flavor-forward philosophy. Daiya Foods was founded in 2008 and is based in Vancouver, British Columbia.

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Buyer(S) 1

Buyer

Otsuka

Tokyo, Japan
Category Company
Founded 1921
Sector Healthcare Services
Employees35,338
Revenue 2.33T JPY (2024)
DESCRIPTION

Otsuka engages in pharmaceuticals, nutraceuticals, consumer products, and other businesses worldwide. Otsuka was founded in 1921 and is based in Tokyo, Japan.

DEAL STATS #
Overall 5 of 9
Sector: Food M&A 2 of 2
Type: Add-on Acquisition M&A Deals 5 of 7
State: British Columbia M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2017 M&A 2 of 2
Size (of disclosed) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-03 Neurovance

Cambridge, Massachusetts, United States

Neurovance, Inc. is a clinical stage neuroscience-focused company. Hypothesis-driven, proprietary research at Neurovance discovered and developed centanafadine (CTN), a triple reuptake inhibitor that represents a novel approach to help adults and children with ADHD, Attention-Deficit Hyperactivity Disorder.

Buy $100M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-10 ReCor Medical

Palo Alto, California, United States

ReCor Medical, Inc. is a medical device company that designs and manufactures the Paradise System, a proprietary ultrasound ablation system for renal denervation (RDN). RDN is a new potential therapeutic approach for the treatment of hypertension, one of the most prevalent medical conditions.

Buy -

Seller(S) 2

SELLER

Stockton Road Capital

Los Angeles, California, United States
Category Private Equity Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

Stockton Road Capital is a specialized private equity investment firm that targets consumer products and services companies. The Firm focuses on profitable businesses with brand differentiation and experienced management. Stockton looks to invest at least $5 million in companies with at least $10 million in revenue. Specific areas of interest include beauty and personal care, consumer healthcare, fitness/active lifestyle/athletics, food/beverage, health/wellness, household products, luxury/lifestyle, and nutrition. Prospective transaction types include MBOs, growth capital financings, turnarounds, and family owned businesses facing transition. Stockton Road Capital was founded in 2009 and is based in Hoboken, New Jersey.

DEAL STATS #
Overall 5 of 5
Sector: Food M&A 2 of 2
Type: Add-on Acquisition M&A Deals 4 of 4
State: British Columbia M&A 1 of 1
Country: Canada M&A 2 of 2
Year: 2017 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-07 Jamieson Wellness

Toronto, Ontario, Canada

Jamieson Wellness is a manufacturer and distributor of natural health products and a worldwide innovator in the development of proprietary supplement formulas. Jamieson Wellness was incorporated in 1922 and is based in Toronto, Ontario.

Sell -
SELLER

Northwood Ventures

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1983
PE ASSETS 100M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Northwood Ventures is a private investment firm that invests at all stages of company development, including venture, buyout, consolidation, growth, recapitalization, and turnaround situations. Northwood prefers opportunities located within the US and will consider both minority and control situations. Northwood's typical investment ranges from $5 to $15 million. Target sectors include telecommunications, manufacturing, retailing/consumer, financial services, and service-oriented business industries. Northwood Ventures was formed in 1983 and is based in Syosset, New York.

DEAL STATS #
Overall 44 of 53
Sector: Food M&A 2 of 2
Type: Add-on Acquisition M&A Deals 19 of 22
State: British Columbia M&A 1 of 1
Country: Canada M&A 1 of 2
Year: 2017 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Tstar 600

Jackson, Mississippi, United States

Tstar 600 is a holding company that acquires and bids on radio frequency spectrum licenses in the 600 MHz band to be auctioned in the Forward Auction by the FCC in 2017. Tstar 600 is based in Jackson, Mississippi.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-08 STRIX Group

Ronaldsway, United Kingdom

Strix Group is a worldwide manufacturer of controls and cordless interfaces for kettles, jugs and a wide range of other water boiling appliances. STRIX Group was founded in 1951 and is based in Ronaldsway, United Kingdom.

Sell -
Mergr

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