M&A Deal Summary

Peacock Foods Acquires L&L Foods

On July 27, 2015, Peacock Foods acquired packaging company L&L Foods from CIC Partners

Acquisition Highlights
  • This is Peacock Foods’ 1st transaction in the Packaging sector.
  • This is Peacock Foods’ 1st transaction in the United States.
  • This is Peacock Foods’ 1st transaction in California.

M&A Deal Summary

Date 2015-07-27
Target L&L Foods
Sector Packaging
Buyer(s) Peacock Foods
Sellers(s) CIC Partners
Deal Type Add-on Acquisition
Advisor(s) Houlihan Lokey (Financial)
Norton Rose Fulbright (Legal)

Target

L&L Foods

Anaheim, California, United States
L&L Foods, Inc. is a high volume niche food packaging company that specializes in portion control packaging solutions.

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Buyer(S) 1

Buyer

Peacock Foods

Geneva, Illinois, United States

Category Company
Founded 1942
Sector Packaging
DESCRIPTION

Peacock is a provider of outsourced supply chain management and packaging solutions to the food industry. Peacock’s full range of services includes primary and secondary packaging of ambient, refrigerated and frozen food products. In addition, the company provides customers with project engineering, design consulting, materials management, primary food processing, warehousing and shipping services.


DEAL STATS #
Overall 1 of 1
Sector: Packaging M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2015 M&A 1 of 1

Seller(S) 1

SELLER

CIC Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1974
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

CIC Partners is a lower middle-market private equity firm that targets investments in energy, food service, manufacturing, service, retail, technology, and media companies. CIC looks for businesses generating sales of $10 to $500 million where the firm can invest $5 to $50 million of equity capital, either as a majority or minority position. Prospective transaction situations include management-led buyouts, growth financings, and recapitalizations. CIC Partners is the successor to Cardinal Investment Company's Private Equity Group, originally formed in 1974. CIC Partners is based in Dallas, Texas.


DEAL STATS #
Overall 25 of 32
Sector: Packaging M&A 3 of 3
Type: Add-on Acquisition M&A Deals 6 of 9
State: California M&A 3 of 3
Country: United States M&A 24 of 31
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-15 SPG Holdings

Dallas, Texas, United States

Founded in 2005, SPG Holdings is a paper products manufacturer with a focus on supplying the restaurant and foodservice distribution industries. SPG has state-of-the-art manufacturing plants in Georgia, Mississippi and Wisconsin with the ability to supply a full suite of paper products including napkins, sandwich wraps, carryout bags and deli paper.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-01 Tiff’s Treats

Austin, Texas, United States

Tiff’s Treats is a manufacturer and delivers classic, baked-to-order cookies, and brownies straight from the oven to the home or office. Tiff’s Treats was founded in 1999 and is based in Austin, Texas.

Buy -