M&A Deal Summary

TPG Acquires Mendocino Farms

On November 13, 2017, private equity firm TPG acquired restaurant Mendocino Farms from L Catterton Partners

Acquisition Highlights
  • This is TPG’s 8th transaction in the Restaurants sector.
  • This is TPG’s 201st transaction in the United States.
  • This is TPG’s 63rd transaction in California.

M&A Deal Summary

Date 2017-11-13
Target Mendocino Farms
Sector Restaurants
Buyer(s) TPG
Sellers(s) L Catterton Partners
Deal Type Secondary Buyout

Target

Mendocino Farms

El Segundo, California, United States
Mendocino Farms is a fast-casual restaurant concept with a menu focused on chef-driven sandwiches and salads, featuring local, sustainable ingredients. Mendocino Farms was established in 2005 and is based in El Segundo, California.

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Buyer(S) 1

Buyer

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 296.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


DEAL STATS #
Overall 306 of 451
Sector: Restaurants M&A 8 of 8
Type: Secondary Buyout M&A Deals 41 of 75
State: California M&A 63 of 88
Country: United States M&A 201 of 298
Year: 2017 M&A 31 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-11 Shriram Properties

Bangalore, India

Shriram Properties is a residential real estate development companies in South India, primarily focused on the mid-market and affordable housing categories. Shriram Properties was founded in 1995 and is based in Bangalore, Karnataka.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-12 Xponential

Irvine, California, United States

Xponential is a curator of boutique fitness brands across multiple verticals. Through its mission to make boutique fitness accessible to everyone, the Company has built and curated a diversified platform of nine boutique fitness brands spanning across verticals including Pilates, indoor cycling, barre, stretching, rowing, dancing, boxing, running, and yoga. Xponential was founded in 2017 and is headquartered in Irvine, California.

Buy -

Seller(S) 1

SELLER

L Catterton Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1989
PE ASSETS 37.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

L Catterton is a private equity firm that targets investments in consumer-related companies located throughout North America. L Catterton looks for businesses with identifiable brands and operating in 'defensible and extensible' positions within growth industry segments. Specific sectors of interest include branded consumables, food/beverages, consumer services, restaurants, media and marketing, household durables, specialty retail, mass merchant retail, and luxury/apparel. Prospective transactions include management buyouts, recapitalizations, turnarounds, and growth financings. L Catterton was formed in 1990 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 46 of 105
Sector: Restaurants M&A 8 of 14
Type: Secondary Buyout M&A Deals 9 of 20
State: California M&A 7 of 12
Country: United States M&A 42 of 76
Year: 2017 M&A 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-18 Ferrara Candy Co.

Round Lake, Minnesota, United States

Ferrara Candy Co., Inc. is a manufacturer and distributor of quality confectionery and gum products, offering full line, full service opportunities to all classes of trade in the United States.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-28 ClearChoice Management Services

Greenwood Village, Colorado, United States

ClearChoice Management Services LLC is a provider of comprehensive administrative and non-clinical services to 31 dental implant centers a network of doctor-owned and operated dental treatment centers providing innovative and quality dental implant care in 22 markets across the United States. ClearChoice Management Services was formed in 2004 and is based in Greenwood Village, Colorado.

Sell -