M&A Deal Summary |
|
|---|---|
| Date | 2025-06-30 |
| Target | Caputo Cheese |
| Sector | Food |
| Buyer(s) |
Tilia Holdings
Monroe Capital |
| Sellers(s) | Promus Equity Partners |
| Deal Type | Secondary Buyout |
| Advisor(s) | Harris Williams (Financial) |
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Tilia Holdings is a private equity firm focused on investing in outsourced business-to-business services providers that serve the food industry. Specific areas of interest include companies that offer regulatory compliance, quality, supply chain integrity or food safety services. The Firm targets companies with at least $10 million of revenue and at least $5 million of EBITDA. Tilia Holdings was established in 2017 and is headquartered in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 11 of 11 |
| Sector: Food M&A | 4 of 4 |
| Type: Secondary Buyout M&A Deals | 6 of 6 |
| State: Illinois M&A | 2 of 2 |
| Country: United States M&A | 10 of 10 |
| Year: 2025 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-08-21 |
Ellison Bakery
Fort Wayne, Indiana, United States Ellison Bakery is a producer of cookies, snack bars, crunch and inclusion, and other products for the industrial market, foodservice industry, and retail and private label space. Ellison Bakery was founded in 1945 and is based in Fort Wayne, Indiana. |
Sell | - |
| Category | Lender |
|---|---|
| Founded | 2004 |
| PE ASSETS | 14.1B USD |
| Size | Mega |
| Type | Sector Agnostic |
Monroe Capital is a provider of senior and junior debt and equity co-investments to middle-market companies in the US and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital is a generalist investor and will consider companies in the healthcare, technology, media, retail, consumer sectors. Monroe Capital was formed in 2004 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 130 of 135 |
| Sector: Food M&A | 3 of 3 |
| Type: Secondary Buyout M&A Deals | 20 of 21 |
| State: Illinois M&A | 7 of 8 |
| Country: United States M&A | 129 of 134 |
| Year: 2025 M&A | 9 of 14 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-06-12 |
Residence
Los Angeles, California, United States Residence is a global network of creative companies that provide premium design & animation, experiential activation design, digital engineering, analytics, UX/UI, and brand strategy. The company’s brands include BUCK, VTProDesign, Part and Sum, Giant Ant, Wild, and a group of community platforms that support and amplify creative talent, including It’s Nice That, Creative Lives in Progress, and If You Could. Residence was formed in 2022 and is based in Los Angeles, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-07-08 |
NFS Capital
Beverly, Massachusetts, United States NFS Capital is a provider of flexible equipment financing and asset-backed loans to small and mid-sized businesses. NFS Capital was founded in 2006 and is based in Beverly, Massachusetts. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2011 |
| PE ASSETS | 700M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Promus Equity Partners is a private investment firm affiliated with Promus Holdings, a multi-family office. Promus looks to fund buyouts, management buyouts, and recapitalizations as well as growth equity financings and strategic add-ons for existing portfolio companies. Sectors of interest include consumer products, food, beverages, industrial products, specialty materials, distribution, and business services. Target platform companies generally have up to $15 million of EBITDA. Promus Equity Partners was founded in 2011 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 9 of 10 |
| Sector: Food M&A | 2 of 2 |
| Type: Secondary Buyout M&A Deals | 8 of 8 |
| State: Illinois M&A | 3 of 3 |
| Country: United States M&A | 9 of 10 |
| Year: 2025 M&A | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-02-09 |
PMA Financial Network
Naperville, Illinois, United States PMA Financial Network is a provider of cash and fixed income investment management services, administration, distribution, advisory, financial planning (asset/liability management), and broker-dealer services, for public finance entities and local government investment pools (LGIPs). PMA Financial Network was founded in 1984 and is headquartered in Naperville, Illinois. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-09-25 |
ADI American Distributors
Randolph, New Jersey, United States ADI American Distributors is a distributor and value-added assembler of electrical components and systems primarily for the global aerospace industry. ADI American Distributors was founded in 1983 and is based in Randolph, New Jersey. |
Sell | $146M |
