M&A Deal Summary

The WhiteWave Foods Acquires So Delicious Dairy Free

On September 17, 2014, The WhiteWave Foods acquired food company So Delicious Dairy Free from EagleTree Capital for 195M USD

Acquisition Highlights
  • This is The WhiteWave Foods’ 2nd transaction in the Food sector.
  • This is The WhiteWave Foods’ 3rd largest (disclosed) transaction.
  • This is The WhiteWave Foods’ 2nd transaction in the United States.
  • This is The WhiteWave Foods’ 1st transaction in Oregon.

M&A Deal Summary

Date 2014-09-17
Target So Delicious Dairy Free
Sector Food
Buyer(s) The WhiteWave Foods
Sellers(s) EagleTree Capital
Deal Type Add-on Acquisition
Deal Value 195M USD
Advisor(s) CG Sawaya Partners (Financial)
Crowell & Moring
Loeb & Loeb (Legal)

Target

So Delicious Dairy Free

Eugene, Oregon, United States
So Delicious Dairy Free is a provider of consumers with the broadest selection of delicious alternatives to dairy-based foods and beverages. So Delicious Dairy Free products are proud to offer truly delicious solutions across numerous categories for people with special dietary needs and desires.

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Buyer(S) 1

Buyer

The WhiteWave Foods

Denver, Colorado, United States

Category Company
Founded 1977
Sector Food
Employees5,300
Revenue 4.0B USD (2016)
DESCRIPTION

The WhiteWave Foods Co. is a consumer packaged food and beverage company that manufactures, markets, distributes, and sells branded plant-based foods and beverages, coffee creamers and beverages, premium dairy products and organic produce throughout North America and Europe. WhiteWave is focused on providing consumers with innovative, great-tasting food and beverage choices that meet their increasing desires for nutritious, flavorful, convenient, and responsibly-produced products. WhiteWave was formed in 1977 and is based in Denver, Colorado.


DEAL STATS #
Overall 2 of 4
Sector (Food) 2 of 4
Type (Add-on Acquisition) 2 of 4
State (Oregon) 1 of 1
Country (United States) 2 of 3
Year (2014) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-09 Earthbound Farm

San Juan Bautista, California, United States

Earthbound Farm, Inc. is a pioneer in the organic food industry and the market leader in the organic packaged salad category. The Company sells organic packaged salads, fresh and frozen fruits and vegetables and other organic food products to retail grocers, natural food retailers, club stores, mass merchants and food service distributors.

Buy $600M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-09 Vega US

Burnaby, British Columbia, Canada

Vega US is a provider of plant-based protein powders across several categories, including Daily Nutrition, Sports Nutrition, and Functional Wellness. Vega US was founded in 2001 and is based in Burnaby, British Columbia.

Buy $550M

Seller(S) 1

SELLER

EagleTree Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 5.6B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

EagleTree Capital is an independent private equity and investment firm focused on mid-market leveraged buyouts. The Firm's buyout group looks to invest $50 to $200 million to support acquisitions of profitable companies in the media/communications, consumer products, and water/industrial products and services sectors. EagleTree Capital was formerly known as Wasserstein Partners, an investment firm formed by Bruce Wasserstein, the late CEO of investment bank Lazard Freres. EagleTree Capital is based in New York City.


DEAL STATS #
Overall 17 of 25
Sector (Food) 2 of 2
Type (Add-on Acquisition) 7 of 13
State (Oregon) 2 of 2
Country (United States) 15 of 23
Year (2014) 1 of 1
Size (of disclosed) 6 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-04 ALM Media

New York, New York, United States

ALM Media is a content and information services business, providing subscription-based, must-have news, insights, data, and analyses to legal, insurance, finance, commercial real estate, consulting, and business professionals. ALM’s premier brands, such as The American Lawyer, National Law Journal, New York Law Journal, ThinkAdvisor, Judy Diamond, Kennedy Consulting, and Real Estate Media provide critical, timely, and unique information to users regionally, nationally and internationally. ALM Media was founded in 1998 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-02 High Pressure Equipment

Erie, Pennsylvania, United States

High Pressure Equipment Co. is a manufacturer of mission critical valves, fittings, tubing and accessories for use in high pressure applications. High Pressure offer a family of reactors and pressure vessels, as well as pumping systems and pressure boosters.

Sell $160M