M&A Deal Summary

Velocity Snack Brands Acquires popchips

On October 9, 2019, Velocity Snack Brands acquired food company popchips from Verlinvest and Strand Equity

Acquisition Highlights
  • This is Velocity Snack Brands’ 1st transaction in the Food sector.
  • This is Velocity Snack Brands’ 1st transaction in the United States.
  • This is Velocity Snack Brands’ 1st transaction in California.

M&A Deal Summary

Date 2019-10-09
Target popchips
Sector Food
Buyer(s) Velocity Snack Brands
Sellers(s) Verlinvest
Strand Equity
Deal Type Add-on Acquisition
Advisor(s) Barclays Investment Bank (Financial)
Morrison & Foerster (Legal)

Target

popchips

San Francisco, California, United States
popchips, Inc. is one of the better-for-you snack brands in North America, is an innovative line of popped snacks that are deeply satisfying, never deep-fried. popchips has been winning the hearts and stomachs of snackers worldwide. From trendsetters and celebrities to the entire family, the brand has built a loyal following of snacking enthusiasts.

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Buyer(S) 1

Buyer

Velocity Snack Brands

Playa Vista, California, United States

Category Company
Founded 2019
Sector Food
DESCRIPTION

Velocity Snack Brands was founded to acquire, incubate and grow iconic snacking products and brands.Velocity Snack Brands was formed to partner strategically with retailers large and small to provide access to a single portfolio of iconic snacks that address the needs of today’s consumer. Velocity Snack Brands was founded in 2019 and is based in Playa Vista, California.


DEAL STATS #
Overall 1 of 1
Sector: Food M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1

Seller(S) 2

SELLER

Verlinvest

Brussels, Belgium

Investor Investor Investor Investor Investor


Category Family Office
Founded 1995
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Verlinvestis a private, family-owned investment holding firm specializing in branded consumer products and services investments. The Firm will consider investments in public and private companies and generally targets growth-oriented businesses addressing sizeable markets. Verlinvest looks to invest €20 to €200 million per investment and will consider both majority and minority positions. Verlinvest was formed in 1995 and is based in Brussels, Belgium.


DEAL STATS #
Overall 10 of 13
Sector: Food M&A 1 of 2
Type: Add-on Acquisition M&A Deals 5 of 6
State: California M&A 1 of 1
Country: United States M&A 3 of 4
Year: 2019 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-20 armonea

Mechelen, Belgium

armonea is a provider of care and services to seniors in Flanders, Wallonia, and Brussels. Spread over 50 facilities (nursing homes, residences, and service flats) are every day committed 3,300 employees serving more than 5,200 residents. armonea is based in Mechelen, Belgium.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-15 Carrières du Hainaut S.C.A.

Soignies, France

Carrières du Hainaut S.C.A. is committed to offering a high-level service and natural product that fully complies with all environmental requirements. Carrières du Hainaut S.C.A. Blue Limestone of Hainaut (Hainaut Blue Stone) is a material of exceptional qualities, and our mission is to develop and promote it to a growing market.

Sell £26M
SELLER
DESCRIPTION

Strand Equity Partners is a growth equity firm investing in companies from the consumer industry. Prospective transaction types include management buyouts and growth financings. Strand Equity Partners was formed in 2012 and is based in Los Angeles, California.


DEAL STATS #
Overall 3 of 16
Sector: Food M&A 1 of 4
Type: Add-on Acquisition M&A Deals 2 of 10
State: California M&A 1 of 6
Country: United States M&A 3 of 14
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-03 Modern Acupuncture

Scottsdale, Arizona, United States

Modern Acupuncture offers the health and wellness benefits of acupuncture nationwide. Modern Acupuncture was founded in 2016 and is based in Scottsdale, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Chopt Creative Salad Co.

Rye Brook, New York, United States

Chopt Creative Salad Co. is an operator of salad category restaurants with over 50 locations in the U.S. Chopt’s menu features a broad array of classic salads, salad sandwiches, grain, and noodle bowls, and warm kale and quinoa bowls, all served with flavorful scratch-made dressings. Chopt Creative Salad was founded in 2001 and is based in New York City.

Sell -