M&A Deal Summary

Prairie Capital Acquires Forever Cheese

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2021-11-01
Target Forever Cheese
Sector Food
Buyer(s) Prairie Capital
Deal Type Recapitalization

Target

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 City.

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Buyer(S) 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 STATS #
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 premier 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 also houses over 220,000 sq ft of new and fully renovated, fullservice, state-of-the-art, Current Good Manufacturing Practice (cGMP) manufacturing facility, which includes an in-house analytical testing lab and a microbiology lab, and offers custom solutions for a multitude of supplement categories. The Company collaborates with entrepreneurial firms to help them build premier brands. Lief’s turnkey solutions allow it to engage in seamless partnerships that help brands with scalability and sustainable growth. 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 -
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