M&A Deal Summary |
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Date | 2024-10-01 |
Target | Siete Foods |
Sector | Food |
Buyer(s) | PepsiCo |
Sellers(s) | Stripes |
Deal Type | Add-on Acquisition |
Deal Value | 1.2B USD |
Advisor(s) | Lazard Ltd. (Financial) Weil Gotshal & Manges (Legal) |
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PepsiCo is a global food and beverage company. PepsiCo's brands include Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. Through its operations, authorized bottlers, contract manufacturers and other third parties, PepsiCo makes, markets, distributes and sells a wide variety of beverages, foods and snacks. PepsiCo was founded in 1898 and is based in Purchase, New York.
DEAL STATS | # |
---|---|
Overall | 27 of 27 |
Sector (Food) | 16 of 16 |
Type (Add-on Acquisition) | 19 of 19 |
State (Texas) | 2 of 2 |
Country (United States) | 18 of 18 |
Year (2024) | 1 of 1 |
Size (of disclosed) | 7 of 8 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2021-08-03 |
Tropicana Products
Bradenton, Florida, United States Tropicana Products is a provider of juices, and brands including Tropicana, Naked, KeVita, Izze, Dole, Copella, and Punica. Tropicana Products was founded in 1947 and is based in Bradenton, Florida. |
Sell | - |
Category | Growth Capital Firm |
---|---|
Founded | 2008 |
PE ASSETS | 7.3B USD |
Size | Mega |
Type | Sector Agnostic |
Stripes is a private investment firm focused primarily on making minority investments in rapidly growing, private companies. Stripes look to commit $10 to $150 million of equity capital per transaction to support acquisitions, growth equity needs, and provide shareholder liquidity. Target companies generally have high margins and operate in large markets. Sectors of interest include branded consumer products, financial services, medical devices, and technology. Stripes is formed in 2008 and is based in New York City.
DEAL STATS | # |
---|---|
Overall | 19 of 19 |
Sector (Food) | 1 of 1 |
Type (Add-on Acquisition) | 10 of 10 |
State (Texas) | 2 of 2 |
Country (United States) | 19 of 19 |
Year (2024) | 1 of 1 |
Size (of disclosed) | 1 of 5 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2022-05-11 |
Pond5
New York, New York, United States Pond5 is an online marketplace for royalty-free and editorial video, with customers including Netflix, Disney, NBC, BBC, Discovery Channel, and The Wall Street Journal. The company's comprehensive collection includes 30 million licensable video clips, 1.6 million music tracks, and 1.7 million sound effects assets. It serves the needs of creators across industries from individual users to major corporations with competitive pricing and an array of purchase options including a unique pay-per-item model. Purchases are backed by a broad and flexible license, the best price guarantee, and a dedicated team standing by to provide expert assistance. Pond5 was formed in 2006 and is based in New York, New York. |
Sell | - |