M&A Deal Summary |
|
|---|---|
| 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 (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 28 |
| Sector: Food M&A | 16 of 16 |
| Type: Add-on Acquisition M&A Deals | 19 of 20 |
| State: Texas M&A | 2 of 3 |
| Country: United States M&A | 18 of 19 |
| Year: 2024 M&A | 1 of 1 |
| Size (of disclosed) | 8 of 9 |
| 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 | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-03-17 |
poppi
Austin, Texas, United States poppi is a prebiotic soda brand that combines prebiotics and fruit juice to create a deliciously refreshing, mouthwatering low-calorie soda with no more than 5 grams of sugar per serving. The company's brand-first approach, cultural cache, and rapid growth have nurtured an incredibly loyal community, including celebrity fans. It is available in 14 delicious flavors Strawberry Lemon, Raspberry Rose, Orange, Ginger Lime, Watermelon, Cherry Limeade, Grape, Wild Berry, Classic Cola, Root Beer, Doc Pop, Lemon Lime, Orange Cream and Cherry Cola. poppi is based in Austin, Texas. |
Buy | $2.0B |
| Category | Growth Capital Firm |
|---|---|
| Founded | 2008 |
| PE ASSETS | 7.0B 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 20 |
| Sector: Food M&A | 1 of 1 |
| Type: Add-on Acquisition M&A Deals | 10 of 11 |
| State: Texas M&A | 2 of 2 |
| Country: United States M&A | 19 of 20 |
| Year: 2024 M&A | 1 of 1 |
| Size (of disclosed) | 1 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-01-01 |
THISBOWL
New York, New York, United States THISBOWL is a fast casual concept serving healthier Asian-inspired bowls. THISBOWL was founded in 2016 and is based in New York, New York. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-11-08 |
Vuori
Carlsbad, California, United States Vuori creates performance apparel inspired by the active Coastal California lifestyle–an integration of fitness, yoga, surf, and life. Vuori was formed in 2015 and is based in Carlsbad, California. |
Buy | - |
