M&A Deal Summary

Yellowstone Brands Acquires Chung s Foods

On October 19, 2005, Yellowstone Brands acquired food company Chung s Foods from ICV Capital Partners

Acquisition Highlights
  • This is Yellowstone Brands’ 1st transaction in the Food sector.
  • This is Yellowstone Brands’ 1st transaction in the United States.
  • This is Yellowstone Brands’ 1st transaction in Texas.

M&A Deal Summary
Date 2005-10-19
Target Chung s Foods
Sector Food
Buyer(s) Yellowstone Brands
Sellers(s) ICV Capital Partners
Deal Type Add-on Acquisition

Target

Chung s Foods

Houston, Texas, United States
Chung’s Foods provides premium Asian appetizers and entrées that reduce the need for home cooking or take-out. The Company’s fresh and frozen products are sold in the U.S. and Mexico through retail grocers, club stores, foodservice distributors and convenience stores, and to foodservice and institutional accounts.

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Buyer(S) 1

Buyer

Yellowstone Brands

Houston, Texas, United States
Category Company
Founded 2005
Sector Food
DESCRIPTION

Yellowstone Brands Ltd is a manufacturer of branded food products.

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 (2005) 1 of 1

Seller(S) 1

SELLER

ICV Capital Partners

Miami, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

ICV Capital Partners is a private equity firm focused on making equity investments in US-based middle-market companies. ICV seeks control investments in companies with annual revenues between $25 and $300 million and EBITDA between $10 and $40 million. ICV prefers businesses with existing/proven management and operating in stable industries. Target transactions include non-core divestitures, take-privates, and acquisitions of private companies in partnership with management. ICV Capital Partners was founded in 1998 and has offices in New York and Atlanta, Georgia.

DEAL STATS #
Overall 2 of 15
Sector (Food) 1 of 3
Type (Add-on Acquisition) 1 of 6
State (Texas) 1 of 2
Country (United States) 2 of 15
Year (2005) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-11 Marshall Retail Group

Las Vegas, Nevada, United States

Marshall Retail Group is a specialty retailer with a 60-year history of operating stores in high-foot-traffic marketplaces. MRG provides turnkey solutions to premier casino resort and airport operators by creating and managing a highly scalable portfolio of profitable stores and memorable brands, well-positioned to attract and accommodate hotel guests, visitors and local residents.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-16 Entertainment Cruises

Chicago, Illinois, United States

Entertainment Cruises offers dining and sightseeing cruises to customers in eight major U.S. geographic markets. The company operates 30 customized vessels serving over 1.5 million passengers annually, making it the largest U.S. maritime dining cruise operator.

Buy -
Mergr

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