M&A Deal Summary

Valor Equity Partners and Loft Growth Partners Acquire Good Karma Foods

On September 1, 2020, private equity firm Valor Equity Partners and growth capital firm Loft Growth Partners acquired food company Good Karma Foods from Dean Foods

Acquisition Highlights
  • This is Valor Equity Partners’ 2nd and Loft Growth Partners’ 6th transaction in the Food sector.
  • This is Valor Equity Partners’ 16th and Loft Growth Partners’ 11th transaction in the United States.
  • This is Valor Equity Partners’ 2nd and Loft Growth Partners’ 4th transaction in Colorado.

M&A Deal Summary
Date 2020-09-01
Target Good Karma Foods
Sector Food
Buyer(s) Valor Equity Partners
Loft Growth Partners
Sellers(s) Dean Foods
Deal Type Divestiture

Target

Good Karma Foods

Boulder, Colorado, United States
Good Karma Foods is a non-dairy beverage business. The company’s flagship Good Karma flaxmilk is a highly differentiated non-dairy beverage with a unique nutritional profile and great taste that is closer to dairy cow’s milk than many other options. Good Karma is broadly available in the natural channel and rapidly expanding its distribution into conventional grocery stores. Good Karma Foods is based in Boulder, Colorado.

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Buyer(S) 2

Buyer

Valor Equity Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Valor Equity Partners is an operationally focused growth equity firm focused on acquiring control or non-control positions in high growth companies across various stages of development. Area of interest include industrial products, manufacturing, infrastructure, industrial maintenance, energy services, healthcare, and business services. Valor Equity Partners is based in Chicago, Illinois.

DEAL STATS #
Overall 16 of 17
Sector (Food) 2 of 2
Type (Divestiture) 1 of 1
State (Colorado) 2 of 2
Country (United States) 16 of 17
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-08 Sizzling Platter

Murray, Utah, United States

Sizzling Platter is a restaurant management company focused on adding and scaling segment-leading concepts in outstanding demographic areas across the US and select international markets. Sizzling Platter has become a preferred partner for high growth, high return on capital brands looking to scale within the Company’s footprint. Sizzling Platter strives to build lifetime guests across its concept portfolio utilizing lean enterprise techniques and technology to achieve operational excellence. The Company applies its systems, process, human capital, and passion for the restaurant business to quickly build scale within its target markets. Sizzling Platter was founded in 1963 and is based in Murray, Utah.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-23 Porch.com

Seattle, Washington, United States

Porch.com is a home services platform that helps homeowners maintain their home and get projects done by connecting them with quality pros. Porch.com was established in 2011 and is based in Seattle, Washington.

Sell -
Buyer

Loft Growth Partners

Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2001
Size Small
Type Sector Focused
DESCRIPTION

Loft Growth Partners is a growth-oriented private investment group focused on US-based opportunities in the consumer sector. Specific sectors of interest include food, beverages, personal care, home care, pet care, and other branded consumer products. The Firm will consider both majority and minority positions and generally pursues companies with $2 to $100 million in revenue. Loft Growth Partners is based in Chicago, Illinois.

DEAL STATS #
Overall 11 of 13
Sector (Food) 6 of 7
Type (Divestiture) 1 of 1
State (Colorado) 4 of 4
Country (United States) 11 of 13
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-12 Beanitos

Austin, Texas, United States

Beanitos LLC is an all-natural, high fiber, high protein, gluten-free snack company with a variety of bean-based chip products.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-14 Fat Snax

Brooklyn, New York, United States

Fat Snax provides indulgent snacking products to consumers seeking low carb, grain free and healthy fats. Fat Snax was founded in 2017 and is based in Brooklyn, New York.

Buy -

Seller(S) 1

SELLER

Dean Foods

Dallas, Texas, United States
Category Company
Founded 1925
Sector Food
Employees15,000
Revenue 7.8B USD (2018)
DESCRIPTION
Dean Food's corporate headquarters in Dallas, Texas.
Dean Food's corporate headquarters in Dallas, Texas.

Dean Foods is a processor and distributor of dairy products. Dean Foods was formed in 1925 and is based in Dallas, Texas.

DEAL STATS #
Overall 5 of 5
Sector (Food) 4 of 4
Type (Divestiture) 3 of 3
State (Colorado) 3 of 3
Country (United States) 5 of 5
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-17 Dean Foods - Fluid and Frozen Facilities

Texas, United States

Dean Foods Co.'s Fluid and Frozen Facilities comprises 44 facilities and the real estate, inventory, equipment, and all other assets necessary to operate such facilities.

Sell -
Mergr

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