M&A Deal Summary

Sun Capital Partners Acquires Fresh Origins

On January 19, 2023, private equity firm Sun Capital Partners acquired agriculture company Fresh Origins from LaSalle Capital

Acquisition Highlights
  • This is Sun Capital Partners’ 1st transaction in the Agriculture sector.
  • This is Sun Capital Partners’ 114th transaction in the United States.
  • This is Sun Capital Partners’ 16th transaction in California.

M&A Deal Summary

Date 2023-01-19
Target Fresh Origins
Sector Agriculture
Buyer(s) Sun Capital Partners
Sellers(s) LaSalle Capital
Deal Type Secondary Buyout
Advisor(s) Houlihan Lokey (Financial)
Sidley (Legal)

Target

Fresh Origins

San Marcos, California, United States
Fresh Origins is a producer of Microgreens and Edible Flowers! In addition, the company grows Petite Greens, Tiny Veggies, and other unique specialties near San Diego. Fresh Origins was founded in 1995 and is based in San Marcos, California.

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Buyer(S) 1

Buyer

Sun Capital Partners

Boca Raton, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 13.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Sun Capital's corporate headquarters in Boca Raton, Florida.
Sun Capital's corporate headquarters in Boca Raton, Florida.

Sun Capital Partners is a large private equity firm focused on leveraged buyouts, equity, debt, and other control investments in North America, Asia, and Europe. Sun looks for businesses that can benefit from the Firm's operating experience including underperformers, turnarounds, and special situations. Target companies typically have $50 million to $1 billion in revenue with strong market positions. Sectors of interest include paper and packaging, food and beverages, metals and mining, automotive after-market parts, consumer products, financial services, healthcare, media and communications, building products, telecommunications, technology, retailing and catalogs, restaurants, manufacturing and industrial. Sun Capital was formed in 1995 and is based in Boca Raton, Florida.


DEAL STATS #
Overall 167 of 170
Sector (Agriculture) 1 of 1
Type (Secondary Buyout) 42 of 43
State (California) 16 of 16
Country (United States) 114 of 117
Year (2023) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-02 Allied Glass

Leeds, United Kingdom

Allied Glass is a manufacturer of glass containers for premium consumer products such as spirits and fine foods. It specializes in making containers that have complex shapes, such as flasks, flagons and proprietary bottles for specific brands. Allied Glass was founded in 1999 and is based in Leeds, England.

Sell £315M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-14 Anderson Business Advisors

Las Vegas, Nevada, United States

Anderson Business Advisors provides entity and trust formation, tax prep, and business planning services for real estate investors and business owners. By bringing together the estate planning, asset protection planning, business, and tax planning needs of clients under one roof, Anderson has created an efficient and effective way to provide their clients peace of mind knowing they aren't overpaying taxes and their assets are protected. Anderson Business Advisors was founded in 1999 and is based in Las Vegas, Nevada.

Buy -

Seller(S) 1

SELLER

LaSalle Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 345M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

LaSalle Capital Group is a private investment firm licensed as a SBIC. LaSalle looks to invest in lower middle-market Midwest-based businesses. LaSalle's areas of interest include consumer and industrial products, food processing, for-profit education, business services, packaging and healthcare. LaSalle will not invest in real estate, commodities, oil and gas, and businesses based on rapidly changing technology. Prospective companies typically have revenue between $20 and $100 million and EBITDA greater than $3 million. The Firm's investment horizon is five to seven years. LaSalle Capital Group was formed in 1984 and is based in Chicago, Illinois.


DEAL STATS #
Overall 31 of 31
Sector (Agriculture) 1 of 1
Type (Secondary Buyout) 11 of 11
State (California) 1 of 1
Country (United States) 29 of 29
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-22 Great Lakes Potato Chips

Traverse, Michigan, United States

Great Lakes Potato Chips is a manufacturer of kettle cooked potato chips, with unique flavors and unmatched texture. Great Lakes Potato Chips serves a diverse set of customers, including leading foodservice distributors, grocery stores, and club stores while also selling direct to consumers from its website. Great Lakes Potato Chips was founded in 2009 and is based in Traverse, Michigan.

Buy -