M&A Deal Summary |
|
|---|---|
| Date | 2020-12-17 |
| Target | Wholesome Sweeteners |
| Sector | Food |
| Buyer(s) | Whole Earth Brands |
| Sellers(s) |
Alcentra Capital
Balance Point Capital Partners Quilvest Capital Partners Arlon Group |
| Deal Type | Add-on Acquisition |
| Deal Value | 180M USD |
| Advisor(s) | Kirkland & Ellis (Legal) |
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| Category | Company |
|---|---|
| Founded | 2020 |
| Sector | Food |
| Employees | 590 |
| Revenue | 551M USD (2023) |
Whole Earth Brands is a global food company enabling healthier lifestyles and providing access to premium plant-based sweeteners, flavor enhancers and other foods through its diverse portfolio of trusted brands, including Whole Earth Sweetener, Swerve, Pure Via, Equal and Canderel. Whole Earth Brands was founded in 2020 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Food) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 1 |
| State (Texas) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2020) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1998 |
| PE ASSETS | 540M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Alcentra Capital Corporation is the direct investment arm of asset management firm Alcentra. Alcentra capital looks to provide equity and subordinated debt to middle-market companies throughout North America. The Firm looks to invest $5 to $15 million per transaction in profitable companies with $5 to $15 million of EBITDA. Sectors of interest include healthcare, government services, business services, and defense. Alcentra Capital Corporation was formerly known as BNY Mellon-Alcentra Mezzanine Partners. The Group was originally established in 1998 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 37 of 40 |
| Sector (Food) | 2 of 2 |
| Type (Add-on Acquisition) | 17 of 19 |
| State (Texas) | 3 of 3 |
| Country (United States) | 36 of 38 |
| Year (2020) | 2 of 2 |
| Size (of disclosed) | 9 of 12 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-06-10 |
Fat Face
Havant, United Kingdom Fat Face retails premium men's, women's and children's clothing and accessories, created by its own in-house design team. Fat Face was founded in 1988 and is based in Havant, United Kingdom. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-09-07 |
Lugano Diamonds & Jewelry
Newport Beach, California, United States Lugano Diamonds & Jewelry is an international jewelry firm provides jewelry art in addition to being a leading jeweler to the ultra-high net worth clients. Each design is a signature creation by Lugano Diamonds, featuring artistic, one-of-a-kind settings. Lugano Diamonds & Jewelry was established in 1974 and is based in Newport Beach, California. |
Sell | $256M |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2007 |
| PE ASSETS | 1.7B USD |
| Size | Small |
| Type | Sector Agnostic |
Balance Point Capital Advisors is a provider of equity and debt capital to middle-market US-based companies. The Firm looks to invest $5 to $30 million in companies generating $10 $150 million in revenue. The Firm invest in the range of $15 to $75 million with and enterprise value of $10 to $150 million. Funds are used to support a variety of needs, including private equity sponsored buyouts, strategic acquisitions, refinancing's, management buyouts, leveraged recapitalizations, and growth capital financing needs. Balance Point Capital is based in Westport, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 11 of 16 |
| Sector (Food) | 1 of 1 |
| Type (Add-on Acquisition) | 7 of 9 |
| State (Texas) | 2 of 2 |
| Country (United States) | 11 of 16 |
| Year (2020) | 2 of 2 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-12-07 |
Awareness Technologies
Westport, Connecticut, United States Awareness Technologies provides endpoint security solutions for both home and business. ATI both develops and acquires market-leading solutions trusted by millions of parents and thousands of businesses. Awareness Technologies was founded in 2002 and is based in Westport, Connecticut. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-04-22 |
ACL AirShop
Greenville, South Carolina, United States ACL AirShop is a manufacturer of air cargo nets, straps, and assemblies and sells, leases, and repairs air cargo unit loading devices. ULDs are broadly defined as any platform used to facilitate the movement of air cargo. ACL AirShop was founded in 1979 and is based in Greenville, South Carolina. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1972 |
| PE ASSETS | 6.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Quilvest Capital Partners is the private equity investment arm of asset management firm Quilvest. Quilvest Capital Partners invests in private equity and debt funds as well as makes direct investments. The direct investment group looks for opportunities in the US, Europe, and 'opportunistically' in Asia with a preference for buyout, growth capital, and venture transactions. Quilvest Capital Partners will consider both minority and majority positions. Quilvest Capital Partners was established in 1972 and is based Paris.
| DEAL STATS | # |
|---|---|
| Overall | 63 of 68 |
| Sector (Food) | 4 of 4 |
| Type (Add-on Acquisition) | 25 of 27 |
| State (Texas) | 3 of 3 |
| Country (United States) | 31 of 34 |
| Year (2020) | 4 of 4 |
| Size (of disclosed) | 15 of 20 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-10-26 |
Fertiláqua
Cidade Nova, Brazil Fertiláqua is a specialty fertilizer company offering a competitive portfolio of high-value foliar fertilizers, seed treatment solutions and biostimulants for a wide array of crops, fruits, and vegetables. |
Sell | $120M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-03-09 |
Crown Health Care Laundry Services
Pensacola, Florida, United States Crown Health Care Laundry Services is a provider of healthcare linen management solutions and products across the Southeast. Crown provides laundering, packaging, delivery and additional value-added services to healthcare facilities. Crown is based in Pensacola, Florida. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2007 |
| PE ASSETS | 1.5B USD |
| Size | Large |
| Type | Sector Focused |
Arlon Group is a private equity group focused on the food sector. The Firm was formed in 2007 and is headquartered in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 7 |
| Sector (Food) | 4 of 5 |
| Type (Add-on Acquisition) | 1 of 2 |
| State (Texas) | 1 of 2 |
| Country (United States) | 4 of 6 |
| Year (2020) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-10-31 |
OK Superatacado
Laranjeiras, Brazil OK Superatacado is an operator as a cash and carry business in the region, offering affordable products and high quality services both to retail customers and food service companies such as restaurants, bars and distributors. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-01-29 |
CiCi s Pizza
Coppel, Texas, United States CiCi's Pizza is engaged in franchising and operating sit-down pizza restaurants with more than 650 locations throughout the United States. CiCi's Pizza is based in Coppel, Texas. |
Sell | - |
