M&A Deal Summary

Madison Dearborn Partners and The Tornante Company Acquire Bazooka Candy Brands

On October 12, 2007, private equity firm Madison Dearborn Partners and venture capital firm The Tornante Company acquired food company Bazooka Candy Brands for 385M USD

Acquisition Highlights
  • This is Madison Dearborn Partners’ 3rd and The Tornante Company’s 1st transaction in the Food sector.
  • This is Madison Dearborn Partners’ 19th and The Tornante Company’s largest (disclosed) transaction.
  • This is Madison Dearborn Partners’ 40th and The Tornante Company’s 4th transaction in the United States.
  • This is Madison Dearborn Partners’ 6th and The Tornante Company’s 1st transaction in New York.
Investment Fate
  • Bazooka Candy Brands was sold to a consortium of financial buyers in 2023.

M&A Deal Summary

Date 2007-10-12
Target Bazooka Candy Brands
Sector Food
Buyer(s) Madison Dearborn Partners
The Tornante Company
Deal Type Going Private
Deal Value 385M USD
Advisor(s) Lehman Brothers, Inc. (Financial)
Willkie Farr & Gallagher (Legal)

Target

Bazooka Candy Brands

New York, New York, United States
Bazooka Candy Brands produces distinctive candy products including Bazooka bubble gum, Ring Pop, Push Pop, Baby Bottle Pop, and Juicy Drop Pop lollipops - as well as manage pre-paid digital and physical gift card solutions for consumer brands. Bazooka Candy Brands was founded in 1938 and is based in New York City.

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Buyer(S) 2

Buyer

Madison Dearborn Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 28.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Madison Dearborn Partners (MDP) is a large private equity firm that targets buyouts of private or publicly held companies, divestitures of larger companies, recapitalizations of family-owned or closely-held companies, acquisition-oriented financings, and financings to fund internal growth. MDP's target investment size is $100 to $600 million in buyout oriented transactions and $100 to $400 million in growth capital commitments. Areas of interest include basic industries (natural resources, chemicals, energy and power, automotive, building products, food, metals and mining, refining, paper, packaging and forest products, and general manufacturing), as well as communications, consumer products/services, financial services, and healthcare. Madison Dearborn Partners was formed in 1992 and is based in Chicago, Illinois.


DEAL STATS #
Overall 43 of 99
Sector (Food) 3 of 3
Type (Going Private) 4 of 8
State (New York) 6 of 9
Country (United States) 40 of 85
Year (2007) 6 of 6
Size (of disclosed) 19 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-14 CapitalSource

Chevy Chase, Maryland, United States

CapitalSource, Inc. is a commercial finance company specialized in to the healthcare, re-discount, finance, real estate, and corporate finance sectors. By combining a broad array of financial products, a large and permanent balance sheet, an execution-focused business model and a commitment to rigorous and thoughtful research and analysis, CapitalSource delivers unique and valuable financial solutions to small to mid-size businesses seeking to grow.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-04 Intelsat

Luxembourg, Luxembourg

Intelsat is a provider of fixed satellite services worldwide, delivering advanced transmission access for information and entertainment to some of the world’s leading media and network companies, multi-national corporations, internet service providers and governmental agencies. Intelsat was formed in 1965 and is based in Luxembourg.

Sell €12.1B
Buyer

The Tornante Company

Beverly Hills, California, United States

Investor


Category Venture Capital Firm
Founded 2005
Size Middle-Market
Type Sector Focused
DESCRIPTION

The Tornante Company is the private investment vehicle for Michael Eisner, former Chairman & CEO of Walt Disney. The Tornante Company focuses on investments in the media and entertainment sectors. The Tornante Company was formed in 2005 and is based in Beverly Hills, California.


DEAL STATS #
Overall 4 of 11
Sector (Food) 1 of 1
Type (Going Private) 1 of 1
State (New York) 1 of 2
Country (United States) 4 of 9
Year (2007) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-01 Veoh Networks

San Diego, California, United States

Veoh Networks, Inc. is an internet TV distribution company that was established in 2004 and is based in San Diego, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-01 Activate Drinks

Montreal, Quebec, Canada

Activate Drinks is a producer of performance beverage and bottled water company. Activate was founded in 2007 and is based in Montreal, Quebec.

Buy -