M&A Deal Summary

The Builders Fund, Simon Equity Partners and 301 Acquire Urban Remedy

On April 25, 2017, private equity firm The Builders Fund, growth capital firm Simon Equity Partners and 301 acquired food company Urban Remedy

Acquisition Highlights
  • This is The Builders Fund’s 1st, Simon Equity Partners’ 1st and 301’s 1st transaction in the Food sector.
  • This is The Builders Fund’s 4th, Simon Equity Partners’ 9th and 301’s 1st transaction in the United States.
  • This is The Builders Fund’s 2nd, Simon Equity Partners’ 6th and 301’s 1st transaction in California.

M&A Deal Summary

Date 2017-04-25
Target Urban Remedy
Sector Food
Buyer(s) The Builders Fund
Simon Equity Partners
301
Deal Type Buyout (LBO, MBO, MBI)

Target

Urban Remedy

Richmond, California, United States
Urban Remedy provides plant-based, organic prepared meals that embody the belief that Food is Healing and empowers consumers to conveniently eat ultra-fresh and clean. Urban Remedy was founded in 2009 and is based in Richmond, California.

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Buyer(S) 3

DESCRIPTION

The Builders Fund is a growth-oriented private equity firm focused on investing in sustainable businesses looking to improve the world. The Firm looks to commit $3 to $15 million in businesses generating $20 to $200 million in revenue. Areas of interest include food, agriculture, health/wellness, and companies focused on resource efficiency. The Builders Fund was formed in 2015 and has offices in San Francisco, California and Park City, Utah.


DEAL STATS #
Overall 4 of 6
Sector: Food M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 2
State: California M&A 2 of 2
Country: United States M&A 4 of 6
Year: 2017 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-25 Traditional Medicinals

Sebastopol, California, United States

Traditional Medicinals is a provider of wellness tea in the U.S. and the pioneer of the wellness tea category in the U.S. and Canada. Traditional Medicinals was founded in 1974 and is based in Sebastopol, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-08 Mpowerd

Brooklyn, New York, United States

Mpowerd is a provider of clean energy products that are simple, innovative and easy to use. Using today's technology and knowledge, the company is determined to provide clean, easily accessible light to the 1.5 billion people still living without access to the electricity grid. Mpowerd was founded in 2012 and is based in Brooklyn, New York.

Buy -
Buyer

Simon Equity Partners

Larkspur, California, United States

Investor Investor


Category Growth Capital Firm
Founded 2006
Size Small
Type Sector Focused
DESCRIPTION

Simon Equity Partners LLC is a private equity firm focused on making growth capital investments in the consumer sector. The Firm looks to invest in profitable, growth-oriented companies with high-margin/differentiated products. Simon seeks investments of $2 to $10 million in businesses generating $5 to $20 million in sales. Specific areas of interest includes apparel, food and beverages, health and wellness, home care, hospitality, beauty & personal care, specialty retail, sustainability, restaurants, and food services. Simon Equity Partners LLC is the investment arm of Simon Property Group, the publicly traded real estate firm. Simon Equity Partners LLC is based in San Francisco, California.


DEAL STATS #
Overall 10 of 10
Sector: Food M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 2
State: California M&A 6 of 6
Country: United States M&A 9 of 9
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-12 ChaCha

Carmel, Indiana, United States

ChaCha is a search engine that can instantly connect users to a live person to assist with searches. ChaCha offers free mobile answers service, allows users to call 1-800-2ChaCha™ or text questions to ChaCha (242242™) on mobile phones and receive answers within minutes. ChaCha was founded in 2006 and is based in Carmel, Indiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-18 Quri

San Francisco, California, United States

Quri Inc. is a provider of Web application that optimizes retail execution for brands by providing instant, store-level visibility of products, promotions, and the shoppers who interact with them. Quri Inc. was established in 2009 and is based in San Francisco, California.

Sell -
Buyer

301

Minneapolis, Minnesota, United States

Category Company
Founded 2012
Sector Marketing
DESCRIPTION

301, Inc. is an operator of a marketing company that provides technical support in the areas of: Recipe development, Packaging design, Commercialization, Shelf-life, nutrition and labeling services Food safety and regulatory compliance and also offer supply chain and channel development. 301 was founded in 2012 and is based in Minneapolis, Minneapolis.


DEAL STATS #
Overall 1 of 1
Sector: Food M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1