Investment Summary

Cathay Capital Private Equity, Arbor Investments and Ulysses Management Invest In Artisanal Brewing Ventures

On April 21, 2016, private equity firm Cathay Capital Private Equity, private equity firm Arbor Investments and hedge fund Ulysses Management invested in beverage company Artisanal Brewing Ventures

Investment Highlights
  • This is Cathay Capital Private Equity’s 1st, Arbor Investments’ 1st and Ulysses Management’s 2nd transaction in the Beverages sector.
  • This is Cathay Capital Private Equity’s 2nd, Arbor Investments’ 21st and Ulysses Management’s 4th transaction in the United States.
  • This is Cathay Capital Private Equity’s 1st, Arbor Investments’ 1st and Ulysses Management’s 1st transaction in North Carolina.

Investment Summary

Date 2016-04-21
Target Artisanal Brewing Ventures
Sector Beverages
Investor(s) Cathay Capital Private Equity
Arbor Investments
Ulysses Management
Deal Type Growth Capital

Target

Artisanal Brewing Ventures

Charlotte, North Carolina, United States
Artisanal Brewing Ventures is an umbrella company of like-minded, best-in-class breweries including Southern Tier Brewing, Victory Brewing, & Sixpoint Brewing. Breweries under the ABV umbrella maintain independence with actively involved founders and a brewery focused Executive Management Team. Artisanal Brewing Ventures was founded in 2014 and is based in Charlotte, North Carolina.

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Investor(S) 3

Investor

Cathay Capital Private Equity

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 5.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Cathay Capital Private Equity SAS is a French Chinese private equity firm focused on acquiring businesses in France, Hong Kong, and China. Cathay looks to help Western companies leverage opportunities in China and help Chinese companies leverage Western best practices and partnerships. The Firm looks to invest in businesses generating €5 to €150 million in revenues. Areas of interest include retail, consumer goods, electrical equipment, medical devices, pharmaceuticals, animal healthcare, translation, food, consumer services, and software. Cathay Capital Private Equity SAS was formed in 2007 and is based in Paris. The firm has additional offices in New York and Shanghai.


DEAL STATS #
Overall 41 of 100
Sector: Beverages M&A 1 of 1
Type: Growth Capital M&A Deals 13 of 26
State: North Carolina M&A 1 of 1
Country: United States M&A 2 of 11
Year: 2016 M&A 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-15 WST Prazisionstechnik

Loffingen, Germany

WST Prazisionstechnik is a manufacturer and supplier of milling and turning parts for the automotive, gear manufacturing, drive/hydraulics and electronic engineering. WST Prazisionstechnik was founded in 1993 and is based in Loffingen, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-25 K NEX

Hatfield, Pennsylvania, United States

K'NEX is a company in the construction products sub-segment with several hundred patents related to collections for kids, ranging from toddles through young adults. K’Nex building sets of colorful rods, connectors, and bricks can be designed into trucks, robots, roller coasters, and more. The company also offers a line of products to encourage learning, including Mighty Makers and K’Nex Education Building Sets. K'NEX was founded in 1992 and is based in Hatfield, Pennsylvania.

Buy -
Investor

Arbor Investments

Chicago, Illinois, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 2.6B USD
Size Large
Type Sector Focused
DESCRIPTION

Arbor Investments is a private equity group focused on acquiring profitable, middle-market companies in the food and beverage sector. Arbor considers all areas surrounding the food/beverage and related industries. Specific areas of interest include regional niche branded food products; vegetable, fruit, meat and dairy processors; ethnic food manufacturers and marketers; flavors and ingredients; baked goods; restaurant chains; co-packers for major retailers, foodservice companies; food packaging; grocery and specialty food retailers; and logistics providers to the food and beverage industries. Prospective companies generally lead their markets and are 'low-cost operators' with predictable cash-flows. Arbor Investments was formed in 1999 and has offices in Chicago, New York, and Atlanta.


DEAL STATS #
Overall 22 of 34
Sector: Beverages M&A 1 of 1
Type: Growth Capital M&A Deals 1 of 2
State: North Carolina M&A 1 of 1
Country: United States M&A 21 of 31
Year: 2016 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-14 DPI Specialty Foods

Ontario, California, United States

DPI Specialty Foods is food distributor that sells gourmet, ethnic, organic and better-for-you foods to national, regional and independent retailers, quick service restaurants and foodservice operators through eight distribution centers across the United States. DPI Specialty Foods was founded in 1963 and is based in Ontario, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-26 BiOrigin Specialty Products

Alpharetta, Georgia, United States

BiOrigin Specialty Products is a supplier of high-performance, specialty paper materials customized for a range of lightweight food packaging, hygiene, and consumer applications. BiOrigin Specialty Products was founded in 1924 and is based in Alpharetta, Georgia.

Buy -
Investor
DESCRIPTION

Ulysses Management is a diversified investment group focused on a variety of investment strategies. The Firm's private equity group looks to invest $5 to $50 million in profitable, US-based, well-established companies. Ulysses will consider a variety of transaction types including buyouts, growth capital financings, acquisitions, and select public company investments. Ulysses does not have any sector preferences although the Firm does prefer businesses with recurring revenue models or in industries undergoing change. Ulysses Management is based in New York, New York.


DEAL STATS #
Overall 4 of 4
Sector: Beverages M&A 2 of 2
Type: Growth Capital M&A Deals 1 of 1
State: North Carolina M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-16 Southern Tier Brewing

Lakewood, New York, United States

Southern Tier Brewing is a craft brewery producing a wide range of beers including IPAs, stouts, lagers, and seasonal specialties. Southern Tier Brewing was founded in 2002 and is based in Lakewood, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-14 Amarok

Columbia, South Carolina, United States

Amarok is a full-perimeter security company specializing in electric fencing on commercial properties. Amarok also provides supplemental surveillance solutions, including cameras, lights, and alarms. Amarok was founded in 1973 and is based in Columbia, South Carolina.

Sell -