M&A Deal Summary

Perdue Farms Acquires Niman Ranch

On September 8, 2015, Perdue Farms acquired food company Niman Ranch from Torch Lake Capital Partners and LNK Partners

Acquisition Highlights
  • This is Perdue Farms’ 3rd transaction in the Food sector.
  • This is Perdue Farms’ 3rd transaction in the United States.
  • This is Perdue Farms’ 1st transaction in California.

M&A Deal Summary
Date 2015-09-08
Target Niman Ranch
Sector Food
Buyer(s) Perdue Farms
Sellers(s) Torch Lake Capital Partners
LNK Partners
Deal Type Add-on Acquisition
Advisor(s) Houlihan Lokey (Financial)
Kirkland & Ellis
Venable LLP (Legal)

Target

Niman Ranch

Oakland, California, United States
Niman Ranch is a producer of branded and private label natural beef, pork and lamb. Niman Ranch and its family farmers raise livestock traditionally, humanely and sustainably to deliver premium quality meat. Niman Ranch is based in Oakland, California.

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Buyer(S) 1

Buyer

Perdue Farms

Salisbury, Maryland, United States
Category Company
Founded 1920
Sector Food
DESCRIPTION

Perdue Farms is the family-owned parent company of Perdue Foods and Perdue AgriBusiness.

DEAL STATS #
Overall 3 of 3
Sector (Food) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (California) 1 of 1
Country (United States) 3 of 3
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-08 Natural Food Holdings

Sioux City, Iowa, United States

Natural Food Holdings is a manufacturer and marketer of all-natural fresh and prepared meat products marketed under the brands Niman Ranch, Prairie Grove Farms and Sioux-Preme. Natural Food Holdings was founded in 1969 and is based in Sioux City, Iowa.

Buy -

Seller(S) 2

SELLER

Torch Lake Capital Partners

Chicago, Illinois, United States
Category Distressed Investor
Founded 2002
PE ASSETS 73M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Torch Lake Capital Partners is a private investment firm that targets underperforming, North American companies in manufacturing, consumer products, business services, and retailing. Torch Lake Capital looks to invest up to $20 million in companies generating up to $300 million in revenue. The Firm prefers control positions in acquired businesses, but will consider select non-control positions as well. The Firm's investment horizon is two to seven years. Torch Lake Capital Partners was formed in 2002 and is based in Chicago, Illinois.

DEAL STATS #
Overall 4 of 4
Sector (Food) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (California) 1 of 1
Country (United States) 3 of 3
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-18 Red Apple Stores

Mississauga, Ontario, Canada

Red Apple Stores operates 140 extreme value stores throughout Canada (excluding Quebec) which serve middle-income consumers in rural secondary and tertiary markets and select urban markets. Red Apple Stores is based in Mississauga, Ontario.

Sell -
SELLER

LNK Partners

White Plains, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

LNK Partners is a private equity investment firm that focuses on the consumer and retail sectors. LNK looks to commit up to $250 million of equity capital in a variety of transactions, including growth capital financings, recapitalizations, buyouts, and PIPEs. LNK looks to partner with management in pursuing opportunities. LNK was formed in 2005 with two former principals at Apax Partners and the former CEO of Staples. LNK Partners is based in White Plains, New York.

DEAL STATS #
Overall 3 of 8
Sector (Food) 2 of 2
Type (Add-on Acquisition) 2 of 3
State (California) 2 of 3
Country (United States) 3 of 8
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-08 Natural Food Holdings

Sioux City, Iowa, United States

Natural Food Holdings is a manufacturer and marketer of all-natural fresh and prepared meat products marketed under the brands Niman Ranch, Prairie Grove Farms and Sioux-Preme. Natural Food Holdings was founded in 1969 and is based in Sioux City, Iowa.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-13 Schweiger Dermatology Group

New York, New York, United States

Schweiger Dermatology Group is a provider of medical, cosmetic and surgical dermatology services in New York and New Jersey. The Company provides advanced treatments for all skincare needs and offers unique patient benefits including same-day scheduling. Schweiger Dermatology Group was founded in 2010 and is based in New York City.

Buy -
Mergr

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Company

Legal