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  6. Sequel Holdings and Petra Capital Partners Exits Lakeview Farms

Investment Summary

Sequel Holdings and Petra Capital Partners Exits Lakeview Farms

On August 4, 2011, private equity firm Granite Capital Partners invested in food company Lakeview Farms from Sequel Holdings and Petra Capital Partners

Investment Highlights
  • This is Granite Capital Partners’ 1st transaction in the Food sector.
  • This is Granite Capital Partners’ 1st transaction in the United States.
  • This is Granite Capital Partners’ 1st transaction in Ohio.
Investment Fate
  • Lakeview Farms was sold to a consortium of financial buyers in 2015.

Investment Summary
Date 2011-08-04
Target Lakeview Farms
Sector Food
Investor(s) Granite Capital Partners
Sellers(s) Sequel Holdings
Petra Capital Partners
Deal Type Secondary Buyout
Advisor(s) True North Strategic Advisors (Financial)

Target

Lakeview Farms

Delphos, Ohio, United States
Lakeview Farms is a manufacturer of sour cream, dips, and refrigerated desserts and markets its products under store brands as well as its own brands. Lakeview Farms was founded in 1988 and is based in Delphos, Ohio.

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Investor(S) 1

Investor

Granite Capital Partners

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 1 of 2
Sector: Food M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: Ohio M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2011 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-11 Buffalo Wild Wings - Wing Business

Minneapolis, Minnesota, United States

Buffalo Wild Wings, Inc. - Wing Business is a 16 restaurants in central Indiana to Consolidated Wings.

Buy -

Seller(S) 2

SELLER

Sequel Holdings

Dallas, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2002
Size Small
Type Sector Agnostic
DESCRIPTION

Sequel Holdings LP is a private equity firm specializing in equity investments in profitable middle-market businesses. Sequel focuses primarily on companies in the food, beverage, agribusiness, plastics and other industrial sectors. Sequel Holdings was formed in 2002 and is based in Dallas, Texas.

DEAL STATS #
Overall 1 of 3
Sector: Food M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: Ohio M&A 1 of 1
Country: United States M&A 1 of 3
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-11 Homeowners of America

Irving, Texas, United States

Homeowners of America is a Managing General Agent and insurance carrier hybrid with high margins and a capital-efficient reinsurance strategy that limits retained risk. HOA primarily operates in six states, including Texas, Arizona, North Carolina, South Carolina, Virginia, and Georgia. The company was founded in 2006 in Texas, a $10 billion homeowners insurance market, and was the 12th largest home insurer in Texas in 2019. HOA is licensed to operate in 31 states, positioning it for nationwide expansion as part of Porch.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-01 Fab-Tech

Colchester, Vermont, United States

Fab-Tech, Inc. is a manufacturer of coated stainless steel, corrosive fume exhaust systems for the semiconductor, university lab and other industrial markets. Fab-Tech was founded in 1987 and is based in Colchester, Vermont.

Buy -
SELLER

Petra Capital Partners

Nashville, Tennessee, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Petra Capital Partners is a private investment firm that invests in US-based, high-growth businesses operating in the business services, healthcare services, media/publishing, telecom, IT, and information services sectors. Target companies are generally cash-flow positive with revenues in excess of $10 million and growth rates above 20%. Petra can commit up to $20 million per transaction. The Firm typically invests in subordinated debentures with warrants to purchase equity securities. Petra Capital Partners is licensed as a SBIC. The Firm was formed in 1996 and is based in Nashville, Tennessee.

DEAL STATS #
Overall 9 of 31
Sector: Food M&A 1 of 1
Type: Secondary Buyout M&A Deals 4 of 8
State: Ohio M&A 1 of 1
Country: United States M&A 9 of 31
Year: 2011 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-01 ProtectAll

Deerfield Beach, Florida, United States

ProtectAll is a provider of sleep products and furniture warranty services. ProtectAll Bedding Division manufactures and distributes mattress protection covers, mattress encasements, and other textiles under company and private label brands for major national retail and wholesale outlets. ProtectAll was founded in 1988 and is based in Deerfield Beach, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-27 Caidya

Morrisville, North Carolina, United States

Caidya offers a wide range of clinical services and vast therapeutic expertise, supporting its partners from pre-IND strategy, through clinical development to submission and post-marketing surveillance. Caidya is a proprietary clinical technology to ensure trial transparency and data-driven decision-making. Caidya was founded in 2003 and is based in Morrisville, North Carolina.

Buy -
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