Investment Summary

Stone Canyon Venture Partners and CIC Partners Exits Red Mango

On December 31, 2008, BRIX Holdings invested in food company Red Mango from Stone Canyon Venture Partners and CIC Partners

Investment Highlights
  • This is BRIX Holdings’ 1st transaction in the Food sector.
  • This is BRIX Holdings’ 1st transaction in the United States.
  • This is BRIX Holdings’ 1st transaction in Texas.

Investment Summary

Date 2008-12-31
Target Red Mango
Sector Food
Investor(s) BRIX Holdings
Sellers(s) Stone Canyon Venture Partners
CIC Partners
Deal Type Add-on Acquisition

Target

Red Mango

Dallas, Texas, United States
Red Mango opened its first non-fat frozen yogurt cafe in Los Angeles in July 2007. The concept offers non-fat, healthy, authentic frozen yogurt (rich in probiotics) in Original and Green Tea flavors, served with a variety of toppings including fresh fruit, cereal, and granola. Red Mango currently has 23 upscale retail locations, and 20 under construction in 4 states.

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Investor(S) 1

Investor

BRIX Holdings

Dallas, Texas, United States

Category Company
Sector Restaurants
DESCRIPTION

BRIX Holdings LLC is a Dallas-based, multi-brand franchising company specializing in foodservice chains.


DEAL STATS #
Overall 1 of 2
Sector: Food M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 2
State: Texas M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2008 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-26 Clean Juice

Charlotte, North Carolina, United States

Clean Juice is an organic juice food bar franchise that offers organic cold-pressed fresh and bottled juices, smoothies, wraps, sandwiches, açaí bowls, toasts, and salads. Clean Juice was formed in 2016 and is based in Charlotte, North Carolina.

Buy -

Seller(S) 2

SELLER

Stone Canyon Venture Partners

Los Angeles, California, United States

Category Private Equity Firm
Founded 2001
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Stone Canyon Venture Partners, LP is a SBIC that invests in small and medium-sized businesses in the Western US. The Firm has a particular interest in companies operating in California. Typical investments range from $4 to $6 million over the life of an investment. The Firm's primary sector of interest is consumer related such as restaurants, retail, and consumers services. However, Stone Canyon also considers opportunities in media, entertainment, energy, and medical products. Funds are generally used to support growth and expansions, recapitalizations, acquisitions, and working capital. Stone Canyon Venture Partners is based in Los Angeles, California.


DEAL STATS #
Overall 2 of 2
Sector: Food M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Texas M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2008 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-30 Blue Lava Group

Santa Monica, California, United States

Blue Lava Group, Inc. is a developer and operator of e-commerce boutiques including Tinyride.com, Tinybed.com, Powervacs.com, and EssentialEspresso.com

Sell -
SELLER

CIC Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1974
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

CIC Partners is a lower middle-market private equity firm that targets investments in energy, food service, manufacturing, service, retail, technology, and media companies. CIC looks for businesses generating sales of $10 to $500 million where the firm can invest $5 to $50 million of equity capital, either as a majority or minority position. Prospective transaction situations include management-led buyouts, growth financings, and recapitalizations. CIC Partners is the successor to Cardinal Investment Company's Private Equity Group, originally formed in 1974. CIC Partners is based in Dallas, Texas.


DEAL STATS #
Overall 16 of 32
Sector: Food M&A 2 of 6
Type: Add-on Acquisition M&A Deals 3 of 9
State: Texas M&A 10 of 15
Country: United States M&A 15 of 31
Year: 2008 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-20 Legends

New York, New York, United States

Legends provides hospitality, merchandise, ticket sales, planning, sponsorships and experiential services to the sports and entertainment industries, as well as the management of landmark attractions such as Yankee Stadium, AT&T Stadium (home of the Dallas Cowboys) and the observatory at New York City’s World Trade Center. Legends was founded in 2008 and is based in New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-10 Combs Produce Co.

Dallas, Texas, United States

Combs Produce provides value-added services and solutions for the fresh produce industry, including repacking, ripening and breaks/splits and logistics services. Based in Dallas, TX, Combs provides services to growers, retailers and foodservice distributors in Texas, Oklahoma, Arkansas, Missouri and Louisiana.

Buy -