Recapitalization • Food

Prairie Capital Acquires Forever Cheese

On November 1, 2021, private equity firm Prairie Capital acquired food company Forever Cheese

Acquisition Context
  • This is Prairie Capital’s 2nd transaction in the Food sector.
  • This is Prairie Capital’s 71st transaction in the United States.
  • This is Prairie Capital’s 4th transaction in New York.

Explore All 76 Recapitalization Food Deals - Search the Database Free


M&A Deal Summary

Date November 1, 2021
Target Forever Cheese
Sector Food
Buyer(s) Prairie Capital
Deal Type Recapitalization

Target Company

Forever Cheese

New York, New York, United States
Forever Cheese is a specialty foods importer and producer of cheese, nuts, cured meats, and other gourmet products. Forever Cheese was founded in 1998 and is based in New York, New York.
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Buyer Overview 1

Buyer

Prairie Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 525M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Prairie Capital is a private investment firm that provides equity and/or mezzanine capital to support buyouts and recapitalization of lower middle-market companies generating sales of $20 - $100 million with an EBITDA of $4 - $12 million. Areas of interest include niche manufacturers, business services, consumer products, marketing services, specialty chemical, and food businesses. The firm invests in the range of $25 - $45 million per transaction. Prairie Capital was formed in 1997 and is based in Chicago, Illinois.


Deal Context for Buyer #
Overall 72 of 78
Sector: Food 2 of 2
Type: Recapitalization 21 of 25
State: New York 4 of 4
Country: United States 71 of 76
Year: 2021 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-01 Lief Labs

Valencia, California, United States

Lief Labs is a formulation and product development innovator and manufacturer of dietary supplements. The Company's in-house Product Development and R&D team creates the best tasting and most cutting-edge formulations of supplements. Lief Labs was founded in 2008 and is based in Valencia, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-10 Conscious Discipline

Sanford, Florida, United States

Conscious Discipline provides comprehensive, trauma-informed social emotional learning (“SEL”) solutions to schools and districts. Conscious Discipline was founded in 1996 and is based in Sanford, Florida.

Buy -