M&A Deal Summary

Saybrook and Agincourt Capital Partners Acquire Something Sweet

On December 23, 2010, private equity firms Saybrook and Agincourt Capital Partners acquired food company Something Sweet

Acquisition Highlights
  • This is Saybrook’s 1st and Agincourt Capital Partners’ 1st transaction in the Food sector.
  • This is Saybrook’s 4th and Agincourt Capital Partners’ 2nd transaction in the United States.
  • This is Saybrook’s 1st and Agincourt Capital Partners’ 1st transaction in Connecticut.

M&A Deal Summary

Date 2010-12-23
Target Something Sweet
Sector Food
Buyer(s) Saybrook
Agincourt Capital Partners
Deal Type Recapitalization
Advisor(s) LockeBridge LLC (Financial)

Target

Something Sweet

New Haven, Connecticut, United States
Something Sweet produces private-label desserts for many of the leading supermarkets and mass merchant stores in the Northeast United States. Something Sweet was founded in 1994 and is based in New Haven, Connecticut.

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Buyer(S) 2

Buyer

Saybrook

Los Angeles, California, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1990
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Saybrook Capital is distressed investment group focused on lower middle-market companies with operational or capital structure complexity. The Firm looks to purchase debt and illiquid equity interests in the secondary market or invest directly in companies that are unable to access capital from traditional sources. Saybrook looks to commit $8 to $15 million per transaction and targets businesses in the business services, consumer, healthcare and manufacturing sectors. Saybrook was formed in 1990 and is based in Los Angeles, California.


DEAL STATS #
Overall 4 of 11
Sector (Food) 1 of 1
Type (Recapitalization) 3 of 6
State (Connecticut) 1 of 1
Country (United States) 4 of 11
Year (2010) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-14 Accretive Solutions

Chicago, Illinois, United States

Accretive Solutions, Inc. is a provider of business consulting and executive search services in the areas of accounting and finance, enterprise governance, and business and technology. Accretive Solutions was founded in1999 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-25 Innocor

West Long Branch, New Jersey, United States

Innocor, Inc. is a provider of consumer-driven polyurethane foam products proven to deliver comfort, relaxation, and rejuvenation. Innocor Comfort®, the consumer products division, manufactures advanced memory foam products including pillows, mattress toppers, mattresses, etc. under Sleep Innovations®, Novaform® and other brands. Innocor, Inc. was founded in 1996 and is based in West Long Branch, New Jersey.

Buy -
Buyer

Agincourt Capital Partners

Millbrook, New York, United States

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

Agincourt Capital Partners LLC (ACP) is a private equity firm focused on acquisitions and recapitalizations of middle-market companies throughout the US. The Firm targets businesses with growth potential, reliable cash flows, proven market positions, and experienced management. ACP looks to invest in companies with at least $2 million of EBITDA and $10 to $50 million in enterprise value. Specific areas of interest include industrial services/ equipment, consumer products, distribution, electronic equipment/ components, healthcare devices/ services, utility services, homeland security, and defense. Agincourt Capital Partners LLC is based in New York City.


DEAL STATS #
Overall 2 of 4
Sector (Food) 1 of 1
Type (Recapitalization) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 2 of 4
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-13 Wallboard Supply

Londonderry, New Hampshire, United States

Wallboard Supply Company is a distributor of building materials specializing in drywall, metal framing and finishing products as well as insulation, lumber, doors and hardware.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-17 OBBCO Safety & Supply

Chesapeake, Virginia, United States

OBBCO designs and distributes personal safety equipment to customers predominantly in southeastern Virginia engaged in the shipbuilding, utility and consumer industries. Based in Chesapeake, VA, the Company offers a wide ranging product line that includes basic protective necessities such as gloves, hats and glasses as well as more complex items like fire retardant suits and fall protection gear.

Buy -