Growth Capital • Food

Sandy Hill Investors and Mill Point Capital Invest In Seviroli

On December 21, 2022, private equity firms Sandy Hill Investors and Mill Point Capital invested in food company Seviroli

Investment Context
  • This is Sandy Hill Investors’ 2nd and Mill Point Capital’s 2nd transaction in the Food sector.
  • This is Sandy Hill Investors’ 2nd and Mill Point Capital’s 19th transaction in the United States.
  • This is Sandy Hill Investors’ 2nd and Mill Point Capital’s 5th transaction in New York.

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Investment Summary

Date December 21, 2022
Target Seviroli
Sector Food
Investor(s) Sandy Hill Investors
Mill Point Capital
Deal Type Growth Capital
Advisor(s) Bruderman Brothers (Financial)

Target Company

Seviroli

Garden City, New York, United States
Seviroli is a manufacturer of frozen pasta and other food products. Seviroli manufactures products for the food service, club, and grocery/retail channels, offering a variety of items including ravioli, tortellini, stuffed shells, manicotti, shortcut pastas, and other products. Seviroli operates out of three manufacturing facilities in the New York Metro area with the capability to serve customers nationally. Seviroli was founded in 1960 and is based in Garden City, New York.
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Investors Overview 2

DESCRIPTION

Sandy Hill Investors is a private equity firm that invests equity or debt capital in partnership with management teams. Areas of investment interest include healthcare, industrials, technology, business services, financial services, and media. Sandy Hill Investors will consider both majority and minority positions to help fund growth or provide liquidity for shareholders. The Firm looks to invest in profitable business with $2 to 25 million in EBITDA in transactions valued up to $250 million. Sandy Hill Investors is based in Locust Valley, New York.


Deal Context for Investor #
Overall 2 of 2
Sector: Food 2 of 2
Type: Growth Capital 2 of 2
State: New York 2 of 2
Country: United States 2 of 2
Year: 2022 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-21 Vertullo

Garden City, New York, United States

Vertullo is a specialty imports business, importing over 150 items from 19 countries including pasta, rice, sauces, oils, truffles, and other fresh and frozen goods. It supplies products to Seviroli as well as third-party food service, retail, and e-commerce trade customers. Vertullo is based in Garden City, New York.

Buy -
Investor
DESCRIPTION

Mill Point Capital is a private equity firm focused on buyouts of established middle-market companies with strong track records. The Firm will consider opportunities throughout North American and generally looks to invest $15 to $80 million in companies valued up to $250 million. Sectors of interest include industrial and business services. Mill Point Capital is based in New York City.


Deal Context for Investor #
Overall 20 of 28
Sector: Food 2 of 2
Type: Growth Capital 3 of 4
State: New York 5 of 5
Country: United States 19 of 27
Year: 2022 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-21 Vertullo

Garden City, New York, United States

Vertullo is a specialty imports business, importing over 150 items from 19 countries including pasta, rice, sauces, oils, truffles, and other fresh and frozen goods. It supplies products to Seviroli as well as third-party food service, retail, and e-commerce trade customers. Vertullo is based in Garden City, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-01 ServicePoint

United States

ServicePoint is a field services provider focused on design & engineering, installation, and maintenance of technology infrastructure.

Buy -