M&A Deal Summary

TowerBrook Capital Partners Acquires Demakes Enterprises

On December 14, 2023, private equity firm TowerBrook Capital Partners acquired food company Demakes Enterprises

Acquisition Highlights
  • This is TowerBrook Capital Partners’ 4th transaction in the Food sector.
  • This is TowerBrook Capital Partners’ 42nd transaction in the United States.
  • This is TowerBrook Capital Partners’ 2nd transaction in Massachusetts.

M&A Deal Summary
Date 2023-12-14
Target Demakes Enterprises
Sector Food
Buyer(s) TowerBrook Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Estabrook Advisors (Financial)
ArentFox Schiff (Legal)

Target

Demakes Enterprises

Lynn, Massachusetts, United States
Demakes Enterprises is a fourth-generation family business that develops and manufactures a broad assortment of over 250 specialty protein products across three brands (Old Neighborhood, Waterhill Organics, and Thin N’ Trim) and private label. Demakes Enterprises was founded in 1914 and is based in Lynn, Massachusetts.

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Buyer(S) 1

Buyer

TowerBrook Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 17.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TowerBrook Capital Partners is a private equity firm focused on leveraged buyouts, leveraged build-ups and distressed situation investments throughout North America and Europe. TowerBrook prefers control-oriented investments and actively pursues complex situations that other firms may avoid. Target sectors include consumer services, distribution, beverages, pharmaceuticals, media, technology, communications, software, and healthcare. TowerBrook Capital Partners was established in 2001 and is headquartered in New York City.

DEAL STATS #
Overall 93 of 99
Sector (Food) 4 of 5
Type (Buyout (LBO, MBO, MBI)) 34 of 35
State (Massachusetts) 2 of 2
Country (United States) 42 of 44
Year (2023) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-26 Langan

Parsippany, New Jersey, United States

Langan provides an integrated mix of engineering and environmental consulting services in support of land development projects, corporate real estate portfolios, and the oil and gas industry. Its clients include developers, property owners, public agencies, corporations, institutions, and energy companies around the world. Langan was formed in 1970 and is based in Parsippany, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-11 Gravity Media

Watford, United Kingdom

Gravity Media is a provider of broadcasting equipment and solutions. Gravity Media delivers outside broadcast, project solutions, broadcasting equipment rental, equipment sales and systems integration to broadcasters, production companies, and content rights holders across the world. Gravity Media was established in 2000 and is based in Watford, United Kingdom.

Sell -
Mergr

Product

Company

Legal