M&A Deal Summary

Stripes Acquires Levain Bakery

On January 1, 2018, growth capital firm Stripes acquired food company Levain Bakery

Acquisition Highlights
  • This is Stripes’ 2nd transaction in the Food sector.
  • This is Stripes’ 28th transaction in the United States.
  • This is Stripes’ 11th transaction in New York.

M&A Deal Summary

Date 2018-01-01
Target Levain Bakery
Sector Food
Buyer(s) Stripes
Deal Type Buyout (LBO, MBO, MBI)

Target

Levain Bakery

New York, New York, United States
Levain Bakery is a producer of bakery goods offering a diverse selection of rustic breads and cookies made with natural ingredients. Levain Bakery was founded in 1995 and is based in New York, New York.

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Buyer(S) 1

Buyer

Stripes

New York, New York, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2008
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Stripes is a private investment firm focused primarily on making minority investments in rapidly growing, private companies. Stripes look to commit $10 to $150 million of equity capital per transaction to support acquisitions, growth equity needs, and provide shareholder liquidity. Target companies generally have high margins and operate in large markets. Sectors of interest include branded consumer products, financial services, medical devices, and technology. Stripes is formed in 2008 and is based in New York City.


DEAL STATS #
Overall 30 of 49
Sector: Food M&A 2 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 5 of 5
State: New York M&A 11 of 19
Country: United States M&A 28 of 46
Year: 2018 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-29 Blue Apron

New York, New York, United States

Blue Apron is an online retailer of fresh ingredients needed to cook meals at home. Blue Apron was incorporated in 2012 and is based in New York, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-17 Ketra

Austin, Texas, United States

Ketra, Inc. is a provider of dynamic, full-stack LED lighting solutions. Ketra was founded in 2009 and is based in Austin, Texas.

Sell -