Investment Summary

Vestar Capital Partners and Constitution Capital Partners Invest In Dr. Praeger’s Sensible Foods

On January 21, 2021, private equity firms Vestar Capital Partners and Constitution Capital Partners invested in food company Dr. Praeger’s Sensible Foods

Investment Highlights
  • This is Vestar Capital Partners’ 9th and Constitution Capital Partners’ 6th transaction in the Food sector.
  • This is Vestar Capital Partners’ 64th and Constitution Capital Partners’ 61st transaction in the United States.
  • This is Vestar Capital Partners’ 2nd and Constitution Capital Partners’ 6th transaction in New Jersey.

Investment Summary

Date 2021-01-21
Target Dr. Praeger’s Sensible Foods
Sector Food
Investor(s) Vestar Capital Partners
Constitution Capital Partners
Deal Type Growth Capital
Advisor(s) J.P. Morgan Securities (Financial)
Giannuzzi Lewendon (Legal)

Target

Dr. Praeger’s Sensible Foods

Elmwood Park, New Jersey, United States
Dr. Praeger’s Sensible Foods is a brand specializing in delicious, nutritious plant-based frozen and refrigerated foods made from simple ingredients. Dr. Praeger’s Sensible Foods was founded in 1994 and is based in Elmwood Park, New Jersey.

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Investor(S) 2

Investor

Vestar Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 11.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Vestar Capital Partners is a private equity firm that targets management buyouts and growth capital investments across North America and Europe in the consumer, business services, and healthcare sectors. The Firm looks to invest $50 to $150 million in transactions valued up to $1 billion. Specific areas of interest include food, apparel, household goods, retail, consumer services, industrial services, information services, manufacturing, distribution, transportation, financial services, media/communications, digital health media, and medical technology. Vestar Capital Partners was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 79 of 86
Sector: Food M&A 9 of 11
Type: Growth Capital M&A Deals 12 of 14
State: New Jersey M&A 2 of 2
Country: United States M&A 64 of 70
Year: 2021 M&A 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-19 Woodstream

Lancaster, Pennsylvania, United States

Woodstream is a manufacturer and marketer of a broad portfolio of branded pest control and lawn & garden products, under brands such as Victor, Terro, Perky-Pet, Havahart, Safer, Sweeney’s and Mosquito Magnet, among others. Woodstream was founded in 1832 and is based in Lancaster, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-23 Veritas Collaborative

Durham, North Carolina, United States

Veritas Collaborative is a specialty hospital system for the treatment of eating disorders. Veritas Collaborative is based in Durham, North Carolina.

Sell -
Investor
DESCRIPTION

Constitution Capital Partners is a private equity and asset management firm focused on opportunities throughout North America. Constitution Capital typically invests in private equity partnerships, however the Firm also makes direct private equity and credit investments. Constitution Capital Partners does not have any sector preferences. Constitution Capital Partners was formed in 2008 and is headquartered in Andover, Massachusetts.


DEAL STATS #
Overall 65 of 89
Sector: Food M&A 6 of 7
Type: Growth Capital M&A Deals 12 of 15
State: New Jersey M&A 6 of 7
Country: United States M&A 61 of 83
Year: 2021 M&A 3 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-19 Rancho Family Medical Group

Temecula, California, United States

Rancho Family Medical Group owns and operates 20 clinic, senior center, urgent care, senior nursing facility, and hospital. Rancho Family Medical Group is based in Temecula, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-29 Innovations in Nutrition + Wellness

Farmington, Utah, United States

Innovations in Nutrition + Wellness is a provider of differentiated nutritional and wellness products across multiple form factors, serving on-trend specialty health, functional food, immunity support, digestive health, holistic health, fit & active lifestyle, skincare and pet care markets. Innovations in Nutrition + Wellness was founded in 2014 and is based in Farmington, Utah.

Buy -