M&A Deal Summary

The Carlyle Group Acquires Manna Pro

On November 6, 2020, private equity firm The Carlyle Group acquired agriculture company Manna Pro from Morgan Stanley Capital Partners

Acquisition Highlights
  • This is The Carlyle Group’s 3rd transaction in the Agriculture sector.
  • This is The Carlyle Group’s 327th transaction in the United States.
  • This is The Carlyle Group’s 2nd transaction in Missouri.

M&A Deal Summary
Date 2020-11-06
Target Manna Pro
Sector Agriculture
Buyer(s) The Carlyle Group
Sellers(s) Morgan Stanley Capital Partners
Deal Type Secondary Buyout
Advisor(s) William Blair (Financial)

Target

Manna Pro

Chesterfield, Missouri, United States
Manna Pro is a manufacturer and marketer of specialty pet care products, provides food, treats, and a wide assortment of high-quality health and wellness products for companion pets and hobby animals. Manna Pro has developed into an industry leader providing nutritionally wholesome products for dogs, cats, backyard chickens, and other companion pets. Manna Pron was formed in 1985 and is based in Chesterfield, Missouri.

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Buyer(S) 1

Buyer

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.

DEAL STATS #
Overall 681 of 744
Sector (Agriculture) 3 of 3
Type (Secondary Buyout) 107 of 130
State (Missouri) 2 of 2
Country (United States) 327 of 349
Year (2020) 19 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-29 Flender

Bocholt, Germany

Flender is a drive technology company with a comprehensive product and service portfolio that includes gearboxes, couplings, and generators for a wide variety of industries. The business is particularly strong in Wind, a sector benefitting from secular tailwinds given its increasing importance in the energy mix. Flender was formed in 1899 and is based in Bocholt, Germany.

Buy $2.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-21 Guitar Center

Westlake Village, California, United States

Guitar Center is a retailer of guitars, amplifiers, percussion instruments, keyboards and pro-audio and recording equipment. Guitar Center was formed in 1959 and is headquartered in Westlake Village, California.

Buy -

Seller(S) 1

SELLER

Morgan Stanley Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1985
Size Large
Type Sector Agnostic
DESCRIPTION

Morgan Stanley Capital Partners (MSCP) is the private investment arm of financial services firm and investment bank Morgan Stanley. MSCP looks to partner with founders looking to leverage Morgan Stanley's resources, as well as fund corporate carveouts, recapitalizations, buyouts, and industry consolidations. Areas of interest include business services, industrials, education, consumer products/services, food/beverage, retail, healthcare, and packaging. MSCP primarily targets businesses operating in North America valued between $75 and $750 million. Morgan Stanley Capital Partners is based in New York City.

DEAL STATS #
Overall 21 of 25
Sector (Agriculture) 1 of 1
Type (Secondary Buyout) 7 of 9
State (Missouri) 1 of 1
Country (United States) 17 of 21
Year (2020) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-29 US HealthConnect

Fort Washington, Pennsylvania, United States

US HealthConnect is a global organization whose subsidiaries are dedicated to improving the lives of patients and healthcare professionals through evidence-based education for clinicians. USH companies develop, produce, distribute, and measure the impact of education designed to improve the practice of medicine. US HealthConnect was founded in 1999 and is based in Fort Washington, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-18 AWT Labels & Packaging

Minneapolis, Minnesota, United States

AWT Labels & Packaging is a narrow and wide-web converter of labels and flexible packaging for a diverse set of end markets including healthcare, food and beverage, personal care, household, specialty, and industrial/OEM. AWT Labels & Packaging was founded in 1991 and is based in Minneapolis, Minnesota.

Buy -
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