M&A Deal Summary

Winona Capital Management Acquires Ancora

On January 1, 2017, growth capital firm Winona Capital Management acquired business services company Ancora

Acquisition Highlights
  • This is Winona Capital Management’s 1st transaction in the Business Services sector.
  • This is Winona Capital Management’s 13th transaction in the United States.
  • This is Winona Capital Management’s 1st transaction in Illinois.

M&A Deal Summary
Date 2017-01-01
Target Ancora
Sector Business Services
Buyer(s) Winona Capital Management
Deal Type Consolidation

Target

Ancora

Chicago, Illinois, United States
Ancora is a client-focused investment management and family wealth advisory firm that operates with the highest level of integrity and honesty in all aspects of our business. Ancora was founded in 2017 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

Winona Capital Management

Chicago, Illinois, United States

Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2006
PE ASSETS 125M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Winona Capital Management is a private investment firm that makes direct investments in consumer related middle-market companies. Winona targets growth companies generating sales of $10 to $100 million and EBITDA of at least $1 million. The Firm can commit up to $15 million per transaction. Specific areas of interest include niche consumer goods and services; sports, recreation and leisure; specialty manufacturing and distribution; growth-oriented, multi-unit specialty food and retail; and education services. Winona's investment horizon is five years. Winona Capital Management is based in Chicago, Illinois.

DEAL STATS #
Overall 16 of 17
Sector (Business Services) 1 of 1
Type (Consolidation) 1 of 1
State (Illinois) 1 of 1
Country (United States) 13 of 14
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-29 Petsense

Scottsdale, Arizona, United States

Petsense, Inc. is a specialty pet supply retailer with 50 stores located in 16 states across the United States. Petsense, Inc. was established in 2005 and is headquartered in Scottsdale, Arizona.

Sell $116M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-24 Foodberry

Boston, Massachusetts, United States

Foodberry is a maker of allergen-friendly food products. Foodberry is focused on creating delicious snacks that are free from the Big 8 common allergens (dairy, wheat / gluten, peanuts, tree nuts, eggs, soy, fish and shellfish). It's first offering, perfectly free™ non-dairy frozen bites, are frozen treats made with a creamy vanilla core and enrobed by a velvety layer of real cherry, blueberry, rich cocoa or salted caramel. The all-natural, non-GMO bites are made in a dedicated, free-from facility and contain no artificial flavorings, colors or preservatives. Foodberry was founded in 2012 and is based in Boston, Massachusetts.

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