Add-on Acquisition • Food

Yildiz Holding A.S. Acquires DeMet s Candy Co.

On January 2, 2014, Yildiz Holding A.S. acquired food company DeMet s Candy Co. from Brynwood Partners for 221M USD

Acquisition Context
  • This is Yildiz Holding A.S.’s 2nd transaction in the Food sector.
  • This is Yildiz Holding A.S.’s 3rd largest (disclosed) transaction.
  • This is Yildiz Holding A.S.’s 2nd transaction in the United States.
  • This is Yildiz Holding A.S.’s 1st transaction in Connecticut.

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M&A Deal Summary

Date January 2, 2014
Target DeMet s Candy Co.
Sector Food
Buyer(s) Yildiz Holding A.S.
Sellers(s) Brynwood Partners
Deal Type Add-on Acquisition
Deal Value 221M USD

Target Company

DeMet s Candy Co.

Stamford, Connecticut, United States
DeMet's Candy Co. manufacturer and marketer of Turtles, Flipz, Treasures, Stixx, and TrueNorth snack brands.
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Buyer Overview 1

Buyer

Yildiz Holding A.S.

Istanbul, Turkey

Category Company
Founded 1944
Sector Food
Employees40,000
DESCRIPTION

Yildiz Holding A.S. is a leading global food and beverages company with sales in over 80 countries. Through its subsidiaries, including Ulker Biskuvi and Godiva, Yildiz Holding A.S. produces a range of products, including biscuits, chocolate and chocolate-covered products, margarine and edible oils, beverages, dairy products, culinary products, and baby food.


Deal Context for Buyer #
Overall 2 of 3
Sector: Food 2 of 3
Type: Add-on Acquisition 1 of 2
State: Connecticut 1 of 1
Country: United States 2 of 2
Year: 2014 1 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-29 Komili Kagit ve Kisisel Bakim Uretim A.S.

Istanbul, Turkey

Komili Kagit ve Kisisel Bakim Uretim A.S. is aproducer of baby diapers and feminine care products in Turkey, and the company also has operations in associated product areas such as wet wipes, soaps and shampoos.

Sell kr308M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-03 United Biscuits

Middlesex, United Kingdom

United Biscuits is a European manufacturer and marketer of biscuits, snacks and nut products including major brands such as McVitie's Digestive, Penguin, Jaffa Cakes, Go Ahead! KP, Hula Hoops, Skips, BN, Verkade and Delacre.

Buy £2.0B

Seller Profile 1

SELLER

Brynwood Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 2.5B USD
Size Large
Type Sector Focused
DESCRIPTION

Brynwood Partners is a private equity firm that makes control investments in lower mid-market companies. The Firm has a preference for companies that are underperforming and/or undervalued, failed leveraged buy-outs or businesses that are under-financed and in need of an equity infusion. Target sectors include consumer products, light manufacturing in low capital intensive industries, service businesses and specialty retail companies. The Firm looks for opportunities valued between $25 and $500 million. Brynwood was formed in 1984 and is based in Greenwich, Connecticut.


Deal Context for Seller #
Overall 11 of 19
Sector: Food 4 of 8
Type: Add-on Acquisition 6 of 11
State: Connecticut 1 of 4
Country: United States 10 of 18
Year: 2014 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-16 Lightlife Foods

Turners Falls, Massachusetts, United States

Lightlife Foods is a food brand with product lines that include vegetarian-based burgers, hotdogs and other meatless frozen and refrigerated items. Lightlife Foods was formed in 1979 and is based in Turners Falls, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-06 Joseph s Gourmet Pasta

Haverhill, Massachusetts, United States

Joseph's Gourmet Pasta is a manufacturer and marketer of premium frozen stuffed pasta for independent restaurants and national chains and the foodservice, retail and industrial channels. Joseph's Gourmet Pasta was founded in 1991 and is based in Haverhill, Massachusetts.

Buy -