M&A Deal Summary

Sea Change Management Acquires Putney Pasta

On June 30, 2008, Sea Change Management acquired food company Putney Pasta

Acquisition Highlights
  • This is Sea Change Management’s 5th transaction in the Food sector.
  • This is Sea Change Management’s 5th transaction in the United States.
  • This is Sea Change Management’s 1st transaction in Vermont.

M&A Deal Summary
Date 2008-06-30
Target Putney Pasta
Sector Food
Buyer(s) Sea Change Management
Deal Type Buyout (LBO, MBO, MBI)

Target

Putney Pasta

Brattleboro, Vermont, United States
Putney Pasta produces premium, natural, frozen, filled pastas (ravioli and tortellini) and pasta-based skillet meals. Launched in 1983 out of the founders? Vermont horse barn, Putney Pasta was a pioneer in bringing high quality pasta and creative recipes to the natural foods market, and the company?s innovation continues apace today. Putney Pasta is bringing a strong commitment to sustainable sourcing as it adds seafood into its product lines.

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Buyer(S) 1

Buyer

Sea Change Management

San Francisco, California, United States
Category Private Equity Firm
Founded 2005
Size Small
Type Sector Focused
DESCRIPTION

The Sea Change Investment Fund is a private investment vehicle that targets investments in seafood companies. The fund's purpose is to promote healthy marine ecosystems. The Fund was formed in 2005 and is managed by Sea Change Management based in San Francisco, California.

DEAL STATS #
Overall 5 of 6
Sector (Food) 5 of 6
Type (Buyout (LBO, MBO, MBI)) 4 of 5
State (Vermont) 1 of 1
Country (United States) 5 of 6
Year (2008) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-29 Look s Gourmet Food Company

East Machias, Maine, United States

Look's Gourmet Food Company, Inc. (dba Bar Harbor Foods) is a producer of seafood products like chowders, bisques, and sauces.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-15 Wild Planet Entertainment

San Francisco, California, United States

Wild Planet Foods, Inc. sells seafood products from environmentally-preferable fisheries. The company?s line of premium-quality canned albacore tuna, salmon and shrimp products are delicious, low in mercury, and excellent sources of omega-3 fatty acids. Its fish are primarily caught in the coastal waters of Northern California, Oregon and Washington by local U.S. fishermen.

Buy -
Mergr

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