M&A Deal Summary

Torch Lake Capital Partners and Monomoy Capital Partners Acquire Atkins Elegant Deserts

On May 29, 2009, distressed investor Torch Lake Capital Partners and private equity firm Monomoy Capital Partners acquired food company Atkins Elegant Deserts

Acquisition Highlights
  • This is Torch Lake Capital Partners’ 3rd and Monomoy Capital Partners’ 2nd transaction in the Food sector.
  • This is Torch Lake Capital Partners’ 5th and Monomoy Capital Partners’ 12th transaction in the United States.
  • This is Torch Lake Capital Partners’ 1st and Monomoy Capital Partners’ 2nd transaction in Indiana.

M&A Deal Summary

Date 2009-05-29
Target Atkins Elegant Deserts
Sector Food
Buyer(s) Torch Lake Capital Partners
Monomoy Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Atkins Elegant Deserts

Noblesville, Indiana, United States
Atkins Elegant Desserts, Inc. is a niche manufacturer of cheesecakes, layer cakes and brownies for the food service industry, national restaurant chains and large retail customers.

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Buyer(S) 2

Buyer

Torch Lake Capital Partners

Chicago, Illinois, United States

Category Distressed Investor
Founded 2002
PE ASSETS 73M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Torch Lake Capital Partners is a private investment firm that targets underperforming, North American companies in manufacturing, consumer products, business services, and retailing. Torch Lake Capital looks to invest up to $20 million in companies generating up to $300 million in revenue. The Firm prefers control positions in acquired businesses, but will consider select non-control positions as well. The Firm's investment horizon is two to seven years. Torch Lake Capital Partners was formed in 2002 and is based in Chicago, Illinois.


DEAL STATS #
Overall 7 of 7
Sector: Food M&A 3 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 4 of 4
State: Indiana M&A 1 of 1
Country: United States M&A 5 of 5
Year: 2009 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-01 Effigi

Laval, Quebec, Canada

Effigi designs and develops a broad array of apparel and related accessories, and home decor products are rich in design and fashion. Effigi was founded in 1991 and is based in Laval, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-01 Natural Food Holdings

Sioux City, Iowa, United States

Natural Food Holdings is a manufacturer and marketer of all-natural fresh and prepared meat products marketed under the brands Niman Ranch, Prairie Grove Farms and Sioux-Preme. Natural Food Holdings was founded in 1969 and is based in Sioux City, Iowa.

Sell -
Buyer

Monomoy Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Monomoy Capital Partners is a private equity firm that invests in mid to large-sized companies valued up to $1 billion. Monomoy prefers cash flow positive companies with $20 to $200 million of EBITDA. Sectors of interest include automotive, industrial, distribution, consumer products, packaging, and transportation. Monomoy Capital Partners was formed in 2005 and is headquartered in New York City.


DEAL STATS #
Overall 12 of 45
Sector: Food M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 7 of 23
State: Indiana M&A 2 of 4
Country: United States M&A 12 of 45
Year: 2009 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-09 Fortis Plastics

South Bend, Indiana, United States

Fortis Plastics is a manufacturer of injection molded and extruded plastic parts for a variety of industries, ranging from appliances and power tools to furniture and medical devices.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-01 Barjan Products

Rock Island, Illinois, United States

Barjan Products LLC is a national marketer and distributor of automotive, electronic, entertainment and general merchandise products to travel centers, mass merchants, automotive retailers, car washes, convenience stores and other distribution channels. Products are sold under a variety of well-positioned brands, including Barjan, Trucker Tough, Diesel, Wilson, Francis, Victor, and Monkey Grip.

Sell -